Posted on 10/18/2005 12:14:30 PM PDT by SierraWasp
Edited on 10/18/2005 1:14:29 PM PDT by Admin Moderator. [history]
WASHINGTON (MarketWatch) - U.S. wholesale prices rose a larger-than-expected 1.9% in September, the biggest jump in 31 years, the Labor Department said Tuesday.
Price increases were led by a 7.1% rise in wholesale energy prices, the biggest jump in 15 years. Food prices also soared, rising 1.4% on a record 49% increase in egg prices.
(Excerpt) Read more at marketwatch.com ...
Results of the Fed's "Easy Money" policy. I called this one about a year ago.
This is gonna make Greenspan's replacement even more important.
Well... History does repeat it'self and the more things change, the more they stay the same!!!
True!!!
Yep, all we need is for polyester to come back into fashion, and for herpes to become "hip" again and we will be back to the 70s. Even see kids with shag haircuts and people buying fondue sets again.
Yes, but even here the silver lining would be...
Remember WHO WE GOT after Carter??
Another Reagan would almost be worth it.
Every energy crisis is going to result in the exact same scenario. And we are in a big one right now. Wait until people get their natural gas bills this winter. Two short months away. Then you will see the real deal.
Now all we need is price controls, bell bottoms, and vans with waterbeds in them.
Yes, people will reduce their consumption and prices will fall. It's called supply and demand and it works every time.
I noticed in my neck of the woods gas prices are down about 50 cents a gallon in the last few weeks.
More MSM trying to talk the economy into recession.
I thought the headline was about ulcer or GERD medication.
This will be the largest uptick in the index for a long time. The current inflation scare will be relatively short-lived. We are in a long-term deflationery environment through about 2017. Sorry I don't have time to give you all the details here, maybe I'll do a topic on the subject.
Greenspan is not to blame for this spike, as claimed by a poster above. Energy prices are the reason for the spike. As properly noted above by another poster, oil and natural gas prices will decline as supply increases. Supplies will increase over time. The question is how well supply increase keep up with demand increase.
Congress is at fault if exploration and supply does not increase faster than demand. The oil and natural gas is waiting to be taken out of the ground. Congress needs to incentivize the process. So far, Congress has sat on its' collective hands, but pressure will build soon. Let's just hope they take proper action, not short term quasi-fixes.
And you're bragging about it?
But...but...what about the Carribou?
Ain't it amazin' how everyone screams bloody murder when gasoline prices go up and remain totally silent when they drop? I have come to expect it by the MSM who only want to offer doom and gloom and blame it on Bush but it even goes on here. Prices in parts of NJ have gone from $3.39 per gallon to $2.61 in less then a month. Listen to the crickets.....
It's pretty amazing to see such long-range predictions when we do not even know what will happen next quarter. Could you please elaborate on this?
Ah, but conservatives are only conservative in everything but economics: that is the sign of the times that even conservatives do not like markets.
Nice catch, TQ, it is a rather brazen prediction, isn't it? Years of study went into that little remark, and it would take a long time to explain it properly. I study such things in my work, demographics are the base for most of my predictions. I have predictions going out to about 2025, but they are large-scale notions. I don't know what will happen next quarter either, lol.
If I get time, I'll do an article on it here, and you will be welcome to flame away if you wish.
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