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Higher Inflation Is On The Way
Forbes ^ | 2/22/2011 | Charles Kadlec

Posted on 02/24/2011 8:17:24 AM PST by FromLori

Edited on 02/24/2011 8:19:09 AM PST by Admin Moderator. [history]

The stakes have seldom been higher. With the unemployment rate still above 9%, and federal debt at record levels, this latest error by the monetary authorities is likely to be the most costly since the Great Inflation of the 1970s. Monetary instability will slow employment growth and further erode confidence in government at the same time that higher interest rates will add billions of dollars to the interest cost on the national debt. Yet, failure to act in a timely basis will lead to an even greater crisis.


(Excerpt) Read more at blogs.forbes.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; inflation
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1 posted on 02/24/2011 8:17:27 AM PST by FromLori
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To: FromLori
Higher Prices Help Hormel 1Q Net Rise 34 Percent


2 posted on 02/24/2011 8:19:23 AM PST by FromLori (FromLori">)
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To: FromLori
Seafood Sellers Say Prices Are on the Risev
3 posted on 02/24/2011 8:20:54 AM PST by FromLori (FromLori">)
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To: FromLori
Cost of...everything...about to go up
4 posted on 02/24/2011 8:22:05 AM PST by FromLori (FromLori">)
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To: FromLori

Tie a knot at the end of your ropes and hang on gang!

Unless spending is reduced now, the dollar is gonna get smacked around like a rented mule; and that’s the good news.

Silver still looks good, even though it just made a 31 year high this week.

To fight against increasing rates, check out TBT, PST and TBF.

-Rex


5 posted on 02/24/2011 8:23:09 AM PST by RexBeach (There is no such thing as a good tax.- Winston Churchill)
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To: FromLori
VF Corp to raise prices
6 posted on 02/24/2011 8:23:17 AM PST by FromLori (FromLori">)
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To: RexBeach
Dollar Plummets As Expectations Of QE3 Spread
7 posted on 02/24/2011 8:26:21 AM PST by FromLori (FromLori">)
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To: RexBeach

I see higher oil as a poison pill for the economy.

The bright side is it’s also a poison pill for Baraq’s re-election campaign.


8 posted on 02/24/2011 8:28:44 AM PST by nascarnation
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To: FromLori
The Government says inflation is fine even though food and energy aren't used in the calculation of the inflation rate. Who uses food or energy, really?
9 posted on 02/24/2011 8:29:10 AM PST by frogjerk (I believe in unicorns, fairies and pro-life Democrats.)
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To: FromLori

10 posted on 02/24/2011 8:35:38 AM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: frogjerk

“Who uses food or energy, really?”

lol I like the way you put that made me chuckle. There are people on here who will tell you that nonsense too and argue with you that they do include it.


11 posted on 02/24/2011 8:36:39 AM PST by FromLori (FromLori">)
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To: FromLori
Stagflation on steroids.

Before we climb out of this Jimmy Carter's malaise is gonna look pretty good.

12 posted on 02/24/2011 8:37:23 AM PST by skeeter
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To: FromLori

Yet, somehow, inexplicably, reflexively...

Americans will still blame Bush.


13 posted on 02/24/2011 8:38:33 AM PST by ScottinVA (The West needs to act NOW to aggressively treat its metastasizing islaminoma!)
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To: FromLori

It seems like a joke to me to treat inflation as something that only happens occasionally. When McDonald’s first opened, hamburgers were a nickel. The first rock concert I ever went to (in 1981) cost $12.00. When I was a kid, gasoline was 69 cents a gallon. Grandma used to tell me about going to the movies for a nickel. When ISN’T there inflation?


14 posted on 02/24/2011 8:38:33 AM PST by Huck (one per-center)
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To: skeeter
Stagflation Still Regarded as Economy's Dirty Little Secret
15 posted on 02/24/2011 8:39:44 AM PST by FromLori (FromLori">)
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To: Huck
Inflation happens most of the time.

12% inflation doesn't.

16 posted on 02/24/2011 8:43:53 AM PST by skeeter
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To: Huck

That’s our dollar being devalued. At least in the past Americans had jobs and incomes were rising to keep pace that’s not the case now. Those who have jobs are not seeing their income increase and many have had to take lower paying jobs. Dollar devaluation is a form of inflation in itself but this article is referring to immediate inflation.


17 posted on 02/24/2011 8:46:47 AM PST by FromLori (FromLori">)
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To: FromLori

The administration is happy, because they did all they could to pave the way for rising prices.

Rising prices help the government in many ways.

1. One way is bracket creep. You now have more worthless dollars and have to pay a higher percentage of them to the government.

2. Your savings and investments lose their value and make you dependent on the government.

3. Government and its media can crow about how the economy is improving, cuz the numbers are higher, representing more worthless dollars.

4. Government can give more worthless dollars in “benefits” and can crow about the “increase” they’re giving you.

5. They can blame rising prices on “inflation” which requires a hell of a nerve because rising prices ARE inflation.


18 posted on 02/24/2011 8:47:17 AM PST by Leftism is Mentally Deranged (Liberalism is against human nature. Practicing liberalism is detrimental to your mental stability.)
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To: Leftism is Mentally Deranged

And the Fed is more then happy to help obama they are monetizing our debt. One could even say they helped bring about the middle east situation since obama was warned about food inflation. It’s a two fer he gets to keep on spending and the Fed. gets to keep on propping up it’s member banks at our expense.


19 posted on 02/24/2011 8:51:35 AM PST by FromLori (FromLori">)
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To: FromLori
Palin to Bernanke: ‘Cease and Desist’

- JP

20 posted on 02/24/2011 8:56:22 AM PST by Josh Painter ("The only thing these 'investments' will get us is a bullet train to bankruptcy." - Palin)
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