US Economic health

We are well into the summer, and the raise in oil prices have taken a toll on our purchasing power. Almost everything is up; from gasoline, food, services, to the price we pay for mowing our lawns.
I placed five of the most followed CPI averages on page four for your perusal. Keep in Mind that these are National averages and may be different by region and by state.
For example: While the national CPI average in the last 12 months ending in June grew to 5.5 percent (as shown in page 4), for Houston was 4.9 percent. For Housing it was 4.9 percent; fuel and utilities was 12.8 percent, and energy was 24.3 percent higher.
What is this mean for you? Prices at most levels are going up, nothing you don’t know already. But, is this a temporary event? I hope it is, but demographics and global changes are telling us different. With the economic explosions in Asia commodities prices have to go up, no matter what.

The price of oil should come down a bit, in part because of the unsustainable growth rate in Asia cannot last forever. Some people say; “To much of a good thing is bad for you”.
The economies of Asia are slowing a bit; China expect to growth at a clip of 10% or less in the future, from a 15% growth. And, India may growth at a less than 8% rate. The economic slow down would temper down the consumption of oil and we are seeing the markets are discounting that fact right now.
Most economies in the world are experiencing inflation across the board, and at rates much higher than the United States. .
What investors should do? Wait patiently and take advantage of these economic cycles. Some companies that export goods overseas are growing fast and making lots of money.