Anyone else want to make any competing predictions? This could be interesting...
Interesting stuff, Erik, though I don't pretend to understand it completely.
A few questions. In the late '70s oil prices spiked and the result was double digit inflation (one of the things that killed Carter's re-elction bid). This year oil prices are growing and predicted to go higher by some. The news about reserves probably won't help. Is it possible that we will see that kind of runaway inflation again? How would that effect your predictions?
Also, interest rates have been low for a long time. What's holding them low and what would be the effect of a substantial increase? And again, how would an increase influence your model?
-- Doug _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
