gold, page-48514

Exactly, my counter argument to the walnut was the Hyundai Excel I bought in 1996 for $16k on the road.  Basic radio, nomA/C, manual windows, lock by turning a key.  As basic as one can get.  Today I can get something comparable for a similar price complete with A/C, sat Nav, electronics everything, and a de net sound system.

For every walnut there is a Hyundai!

Besides in the main inflation in the 2% range is good.  Generally it means wages are ahead of the game enabling more consumption to feed the cycle.