There is no question that oil prices are down, which means that if you go to the gas station you pay less. But maybe you do not do any shopping, maybe your butler does your shopping. The rest of us we know that insurance prices are up, education prices are up, entertainment prices are up, automobile prices are up.
Very, very few things that anyone can name that are actually down. The Government tells us that there is no inflation that people write to me all the time and ask me where does the Government shop?
Related: United States Oil Fund LP ETF (USO), Nymex Crude Oil futures, Wal-Mart (WMT)
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.