Posted on 04/27/2007 8:40:41 AM PDT by Breakfast of Champions
The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 3.6 percent in the first quarter, compared with an increase of 0.2 percent in the fourth. The Q1 increase is the highest increase in 16 years...
(Excerpt) Read more at economicpolicymonitor.com ...
People in the country are seeing some major changes coming. They are buying less because they are worried about the future. Look at shippers like UPS, they are laying off some of their employees. Many UPS trucks are running empty when they were normally full this time of year. Plus the competition is getting stronger. I honestly think that people will go into a hold and wait and see mode until they find out who the next President will be and how much their taxes will increase under the Democrats. Democrats are already stating that they want the Bush tax breaks to laps. This will increase taxes by $900 billion and the Democrats don’t care. People worry about this. They will loose everything they gained during the last six years. Only way to control Congress is cut the taxes even more and take away their power. Money is power to them.
LOUDER! Drinking feel-good koolaid causes hearing problems.
Welcome to Walmart sir, would you like a basket?
How bout a sticker for the wee one.
I think the term ‘stagflation’ was coined during the Carter Administration when slowing growth and higher prices (mostly the result of the oil shock of the 70’s) were in evidence. We are headed for a bout of that same thing here I am afraid.
Our spineless politicians have left us vulnerable to this because they refuse to enact a sensible energy policy. By sensible I mean get off the ethanol bandwagon (which is fueling inflation in the food sector), start drilling now in ANWR and offshore along ALL our coastlines, ramp up our nuclear power IMMEDIATELY (ENVIRO WACKOS BE DAMNED), and increase CAFE standars GRADUALLY (as a bone to the environmentalists). If we were to do these things, the price of oil would PLUMMET, inflation would decrease, hundreds of thousands of jobs in the oil exploration and nconstruction industry would be created, and Dictators like Adolf A in Iran, and Hugo Cahvez in Venezuela would be put in their place.
Several questions in this thread can be answered by reading the BEA News Release, for example:
“Quarterly estimates are expressed at seasonally adjusted annual rates....”
“The price index for gross domestic purchases, which measures prices paid by U.S. residents, increased 3.6 percent in the first quarter, compared with an increase of 0.2 percent in the fourth. Excluding food and energy prices, the price index for gross domestic purchases increased 2.8 percent in the first quarter, compared with an increase of 2.4 percent in the fourth.”
In other words, declines in Q4 food/energy prices temporarily had masked an already substantial general inflation rate; the Fed is putting out too much money.
What happened is realtity didn't match theory. Inventing a new word was much easier than correcting the theory.
Simple, concise and too the point. However, the politicians will add fifty thousand pounds or horse crap and tell you that you need a PhD to sort it out and explain why you don’t understand the fundamental necessity of spending what you don’t have.
Please elaborate!
You got it. I'll be working until I'm 80.
Glad you’ll be in the market for a job. I’m going to become a WalMart recruiter!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.