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The Inflation Predictions Were Just Wrong, And Now They're Hurting People
Business Insider ^
| 06/21/2013
| CULLEN ROCHE, PRAGMATIC CAPITALISM
Posted on 06/21/2013 6:19:51 AM PDT by SeekAndFind
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To: SeekAndFind
SeekAndFind, I must live on a different planet than this author. I have seen nothing in my neck of the woods but prices for essential rising.
2
posted on
06/21/2013 6:22:01 AM PDT
by
no-to-illegals
(Scrutinize our government and Secure the Blessing of Freedom and Justice)
To: SeekAndFind
If you’re not including fuel and food, then any measure I’d inflation is useless
3
posted on
06/21/2013 6:22:19 AM PDT
by
Mamzelle
To: SeekAndFind
They were not wrong. They were early. And that is common.
4
posted on
06/21/2013 6:22:22 AM PDT
by
cuban leaf
(Were doomed! Details at eleven.)
To: no-to-illegals
I have seen nothing in my neck of the woods but prices for essential rising.
There is the rub. Taxes are up. Prices for essentials are up, but you can still get a lot of flat screen TV for your money.
And where would we be without the fracking boom. Seriously.
5
posted on
06/21/2013 6:23:32 AM PDT
by
cuban leaf
(Were doomed! Details at eleven.)
To: SeekAndFind
When was the last time this writer went to a grocery store, out of touch much!!!
And a Rick Santelli said Wednesday, it’s the velocity of money that is keeping inflation down, it’s socked away in computers and vaults all over america. If that money ever reaches the consumer we are going to be in real trouble!
6
posted on
06/21/2013 6:26:58 AM PDT
by
qman
(The communist usurper must go!)
To: Mamzelle
One has to suppose the new books for keeping inflation figures do not include essentials, as is figured. Is a pity most reports regarding inflation being nonexistent are blatant lies. I've seen meat prices continue to soar. Well maybe meat isn't essential. Have seen general food prices soar. Well maybe food isn't essential. Have seen fuel prices soar. Well since I don't need food, fuel must not be essential either. What a crock. Why am I expected to believe there is no inflation? My eyes and brain must not be essential either in the obamanation.
7
posted on
06/21/2013 6:29:35 AM PDT
by
no-to-illegals
(Scrutinize our government and Secure the Blessing of Freedom and Justice)
To: SeekAndFind
Not to worry.
Bernanke's triple-digit hyperinflation is just around the corner.
8
posted on
06/21/2013 6:30:01 AM PDT
by
E. Pluribus Unum
(Religious faith in government is far crazier than religious faith in God.)
To: SeekAndFind
This guy is either an idiot or intentionally a FOS agent of disinformation. Which is it?
9
posted on
06/21/2013 6:31:28 AM PDT
by
WKUHilltopper
(And yet...we continue to tolerate this crap...)
To: cuban leaf
Maybe there is no inflation in EBT lines for essential. Guess the D.C. folks have those people’s backs.
10
posted on
06/21/2013 6:33:05 AM PDT
by
no-to-illegals
(Scrutinize our government and Secure the Blessing of Freedom and Justice)
To: SeekAndFind
Well, the inflation never came.When was the last time this author purchased food or gasoline? At the grocery store alone, my purchasing power has decreased by 30% over the last four years.
11
posted on
06/21/2013 6:37:48 AM PDT
by
Hoodat
(BENGHAZI - 4 KILLED, 2 MIA)
To: SeekAndFind
Inflation is coming.
And the longer it is before it gets here — the worse it will be.
12
posted on
06/21/2013 6:39:07 AM PDT
by
BenLurkin
(This is not a statement of fact. It is either opinion or satire; or both)
To: no-to-illegals
I’ve seen the word “biflation” recently. We actually are in a deflationary economy in general, but the three things which everybody sees right in front of their faces, food, fuel, and medical costs, have been being manipulated.
To: varmintman
Its not just food and energy.....its taxes and fees too...all those government fees have gone up..new licenses needed...property taxes up...federal taxes up...state taxes too...Insurance costs going up..
To: SeekAndFind
uh-huh...That’s why a box of doughnuts costs $5.40? Milk is more expensive than a gas? Low cut hamburger meat is a luxury for some right now?
To: SeekAndFind
What hasn't risen much is the Consumer Price Index. That's the government's phony calculation of inflation. What has risen much faster than the CPI is the price of essentially everything.
Read this for some enlightenment on the subject of inflation:
Peter Schiff Exposes Phony Inflation Numbers
16
posted on
06/21/2013 6:48:11 AM PDT
by
InterceptPoint
(If I had a tag line this is where you would find it)
To: qman
If that money ever reaches the consumer we are going to be in real trouble! For that money to reach the consumer, wages will have to go up. With real unemployment and underemployment somewhere north of 13% and Obamacare starting to kick in, I don't see wages increasing anytime soon.
17
posted on
06/21/2013 6:49:35 AM PDT
by
Roccus
To: no-to-illegals
No problem - they just change the definition of “essentials” and voila! no inflation.
18
posted on
06/21/2013 6:50:09 AM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: SeekAndFind
Just give it time.
All this QE money is going into the stock market...and what are alot of comapnies doing with this investment money?
Nothing. They’re just holding onto it.
If the economy ever starts to really grow again, commodities from fuel to copper to drywall are going to shoot up in price.
You can’t just throw money into an economy faster than its growth rate, without eventually getting inflation.
19
posted on
06/21/2013 6:50:51 AM PDT
by
lacrew
(Mr. Soetoro, we regret to inform you that your race card is over the credit limit.)
To: Ghost of SVR4
“””””””””And do you also remember how most of those same people also said that the only way youd be able to protect yourself from this hyperinflation was by owning hard assets like gold or silver? Well, the inflation never came.””””””
Just because gold and silver were in a bubble does not mean that there was no inflation.
Not just foods and gas have gone up. I purchased lumber last year and this year both and the price is up as well for these items.
I believe the statement above about the velocity of money being to low for very high inflation.
20
posted on
06/21/2013 6:52:01 AM PDT
by
jimpick
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