Comments on: Consumer Prices Twice As High As Expected
Fed Faces Tough Decision On Interest Rates As Inflation Posts Biggest 12-Month Gain Since 1991
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- Only way to fix this is drill, drill, drill the Republicans, right here and right now!
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Posted by omega39 at 03:33 PM : Aug 14, 2008--
drilling has nothing to do with INFLATION !!!! (screaming loudly)
YOU REPUBLICAN MORON!
So how can it fix the problem of hyper-inflationary prices?
My Goodness, Republicans know absolutely nothing about economics yet they claim to only vote for politicians with an MBA.
it''s printing all of this worthless money for some mis-adventure in Iraq caused all of this inflation.
And anti-war critics warned you clowns this would happened; that the war wouldn''t "pay for itself" but the "middle class" would pay for it through hyper-inflation. - Reply to this comment
- Only way to fix this is drill, drill, drill the Republicans, right here and right now!
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Posted by omega39 at 03:33 PM : Aug 14, 2008--
drilling has nothing to do with INFLATION !!!! (screaming loudly)
YOU REPUBLICAN MORON!
So how can it fix the problem of hyper-inflationary price?
My Goodness, Republicans know absolutely nothing about economics and printing all of this worthless money for some mis-adventure in Iraq. - Reply to this comment
- curoco...no one is saying it is ALL Bush fault...it is also the fault of Republicans who failed to regulated these industries because they beleive all companies only one to do the right thing.
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- This is the 8th year of a republican administration. Is this the best they can do? Those tax breaks for the wealthy sure aren''t trickling down to me and my friends. Bush said it would create jobs.
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- "Oh yeah, and the Fed, they printed money and pumped it into the economy. Billions upon billions worth of it as recently as this past spring."
Interest rates at 1%? Really? I own three houses and would love a piece of that action, can you show me where I can get a mortgage at 1%? Any proof of the "billions upon billions"? I have my doubts.
The sub-prime mortgage "crisis" hurt the economy. Irresponsible lenders and borrowers. Now the fed is going to bail them out and who pays for it? I do. The guy that DIDN''T default on a mortgage. The guy that DIDN''T have his house forclosed on. Once again the responsible people in society get to spoon feed the *** leeches. - Reply to this comment
- In fact, I''''m quite suprised inflation isn''''t higher than they are reporting...
Posted by jtdev1
Oh, it is. They just omit things like food and energy and whatever else they need to so to keep the numbers looking the way they want to in reports for the media to print to the masses. - Reply to this comment
- Why is everyone on wall street suprised at this? Haven''t they been shopping lately?
In fact, I''m quite suprised inflation isn''t higher than they are reporting... - Reply to this comment
- "Never mind people who took mortgages they knew they couldn''''t afford, or the banks who gave them those mortgages and knew they couldn''''t afford them."
Um, last I checked the Fed Chairman Greenspan dropped the interest rate to 1%, not the banks or the people taking the loans. The people, mostly uneducated and easily hoodwinked city folk, fell easily into the predatory lending practices by the banks (making money hand over fist) that went on FOR YEARS, with no regulations and no interference by the GOP congress, and of course, they too wanted to be a part of the house flipping market, rolling in the $$$$. Then, big surprise, there is a housing downturn when the rates started to move, shaking the people close to the barely making it line, out of their house. The Fed steps in again and holds rates down for a while to keep things steady for the economy, and then pushes through the housing bail out. Now the rates will start going up fast, probably around Christmas to Spring. The whole thing was planned and the markets manipulated right from the upper oligarchy.
Oh yeah, and the Fed, they printed money and pumped it into the economy. Billions upon billions worth of it as recently as this past spring. - Reply to this comment
- Only way to fix this is drill, drill, drill the Republicans, right here and right now!
- Reply to this comment
- Ah yes, everything is Bush''s fault. Never mind people who took mortgages they knew they couldn''t afford, or the banks who gave them those mortgages and knew they couldn''t afford them. These people are the drain on the economy, not the president.
The fed is not printing more money, thats not how it works.
Interest rates will always go up to curb inflation, thats the feds job, that''s what they are there for.
And as far as the headline goes...it''s referring to the consumer price index, not actual consumer prices...c''mon people, do you have a clue or are you just ranting to see if your keyboard works? - Reply to this comment
- By the way, inflation is good for borrowers (like S&L Bush). If you take out a loan for a $100,000, at the time you get that money 100,000 is worth a 100,000. But, with rediculous inflation you can beat the interest charged (on say a 5 3/8% mortgage, if you got in at the right time) because the value of the $100,000 is worth less now. Now imagine this with billions of $$$$ for the elite.
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- The wonderful Fed keeps printing worthless painted paper and calling it money, which they then add to the "money" supply, making the rest of their "money" worth even less. That''''s inflation, and it''''s why everything costs more. The American public will NEVER figure this out, so I guess it''s pointless to keep harping on it.
Posted by SistaTee
That''s when they were driving the dollar down, they''ve now turned it around so they can start increasing the value of the dollar.
Hint: You can''t make money on something by buying high and oil is high. You have to make things go up and down so you can buy them low and sell them high. Take GM for example, an obvious buy, considering they''ve done and said everything they possible could to drive the price of that stock down. If you know anything about GM, then you''ll know they have significant money in upcoming future technologies that they are going to be dumping on the market in the later half of 2010. This is the opposite of pump and dump. You drive the price down so the elite can move their money in cheap and enjoy the ride back up. Don''t forget to short the oil and commodities market, still going down due to the dollar. The dollar is moving slowly unlike the commodities market, though, in case you missed it this last month. - Reply to this comment
- The wonderful Fed keeps printing worthless painted paper and calling it money, which they then add to the "money" supply, making the rest of their "money" worth even less. That''s inflation, and it''s why everything costs more. The American public will NEVER figure this out, so I guess it''s pointless to keep harping on it.
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- ttiwkram: "What moron writes these headlines? The inflaion RATE, not consumer PRICES, was twice as high as expected."
Was just getting ready to say the same. Maybe some remedial math for headline editors? - Reply to this comment
- Thank you George W. Bush and gang for bring us the worst economy in the history of the US! You have really made a fine fiscally responsible mess of our country. The only question I have is, is there any part of this economy that you have not wrecked? Would someone, anyone, please blog back and tell me they are better off today than 8 years ago and explain how that is? I''m really curious. Then please explain how fiscal conservativism equals and out of control budget deficit. And how spend and don''t fund makes any sense to anyone...I''m really lost here. Also, at what point does the GOP raise taxes to pay for all their unfunded projects that have taken our budget deficit to new records? Please help me understand this.
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- "Fed Faces Tough Decision On Interest Rates As Inflation Posts Biggest 12-Month Gain Since 1991"
I''m really getting tired of the media agencies manipulating the people for the sake of the political elite.
I''ll spell it out for you. Burnanke did the housing bail out bill last month so he could turn the value of the dollar around and pull the reins in on inflation. This will work by moving these people out of ARM''s and into Fixed rate mortgages. Once, these people are moved over, he can start to increase the federal interest rate. The comodites market (oil, gold, silver, platinum, etc) have fallen off a cliff since this bill and the speculator bill were passed mid July and the dollar has been gaining significant ground against foreign major currencies (British pound, Euro, Austrailian Dollar, Canadian Dollar, etc).
The markets have already moved in preparation for this. Go to this site
http://fx.sauder.ubc.ca/plot.html
and look up everything I''ve listed here, and see where the elite have already moved their money and the comodities market that is being shorted. - Reply to this comment
- Don''t worry!
John "I don''t know as much about the economy as I should" McCain is almost done with Alan Greenspan''s book!
He''ll save the day! - Reply to this comment
Republicon rape continues...- Reply to this comment
- "Consumer Prices Twice As High As Expected"?
What moron writes these headlines?
The inflaion RATE, not consumer PRICES, was twice as high as expected. - Reply to this comment
- So YOU think people who try to predict where Fascist Economic Policies will take us are at fault?? The FASCIST who took a Balanced Budget and Surplus and turned it into RECORD Debt, took all the Regulations OFF the Lending Banks AND started a War that never had to be aren''''t just a wee bit responsible?? ROFLMAO Sieg Heil McSlime
Posted by MCVet-1 at 12:40 PM : Aug 14, 2008
Uhhh,,Well yes!(as he says sarcasticly)
That was the whole point I was eluding to. That there is a war going on AGAINST the middle class. And if the economists couldn''t predict it, which they could, and probably did, Bush simply payed no mind to it. Because, This is exactly what he wanted. And don''t forget, economists work for the feds, not us.
Seig Hill yourself!! - Reply to this comment
