Daily Archives: August 3, 2005

SAFE AT ANY PRICE?

In the new world order du jour, oil’s comfortably north of $60 a barrel, inflation’s running at a modest annualized 2.5%, the 10-year Treasury Note yields roughly 4.3%, and the economy’s advancing by an inflation-adjusted 3.4% a year at last count. To jump to the punch line: the much-feared fallout from a bull market in oil is a no-show.

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