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Bernanke Inserts Gun In Mouth
Market Ticker ^ | Mar 20, 2009 | Karl Denninger

Posted on 03/20/2009 8:37:56 AM PDT by Jack Black

Edited on 03/20/2009 10:38:53 AM PDT by Admin Moderator. [history]

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To: Jack Black
Where does Denninger get his inflation data?

He writes:

“The economy is deflating. We can see the deflation in the CPI and PPI numbers, not to mention home prices.”

Say what?

Core PPI is up 0.6% in the last two months.

Core CPI is up 0.4% in the last two months.

Oil prices are up 20% in the last three weeks.

And, home prices are deflating?

No surprise there.

We built 4 million homes for “buyers” who couldn't afford to pay for them.

That's called an inventory glut.

The only way to work off an inventory glut is to cut prices.

21 posted on 03/20/2009 10:44:52 AM PDT by zeestephen
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To: Jack Black

Errrr ... “trillion”, not “billion”, right?


22 posted on 03/20/2009 10:46:38 AM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Jack Black

That’s what I’ve been thinking: Why are stocks rallying in the face of this, and Oil going to $52?

That Oil’s on the rise is proof that printing the Trillion is causing the price of a BBL to go up. Demand isn’t driving it, that’s for sure.


23 posted on 03/20/2009 11:03:53 AM PDT by RinaseaofDs
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To: DuncanWaring

dddddddddddddduh! Trillion not Billion !!


24 posted on 03/20/2009 11:31:12 AM PDT by Jack Black
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To: Jack Black

marker


25 posted on 03/20/2009 11:39:21 AM PDT by JDoutrider
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To: weef

You understand this collapse means ATMs will be off-line and teller windows marked “Closed”, right?


26 posted on 03/20/2009 12:02:30 PM PDT by ctdonath2 (John Galt was pushed.)
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To: 2banana

So how is that working out?????????
**********************************************
I doubt that McCain would have done much better, he knows nothing of economics, he very well may have put forth a similar stimulus plan and definately would have continued following Bernake and the FED over the cliff...


27 posted on 03/20/2009 2:23:59 PM PDT by Neidermeyer
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To: 2banana
I don't know who he is, but he was only half wrong. A vote for Obama wasn't the answer. But he was 100% correct when he indicated that a vote for McCain wasn't the answer, either.

Obama and Co being wrong doesn't make McCain right. It isn't either/or.

McCain was for the massive bailout, and more. As the momentary captain of the Republican ship, McCain steered the entire ship straight for the rocks. How will it ever get back on track?

McCain was quite vocal in being for the previous bailout of Bear-Stern.

McCain was for an even larger bailout of upside-down mortgages than actually passed.

It isn't somehow better when it is our side proposing idiotic plans.

It is worse.

How do the Republicans set about even beginning to convince America that they are against this sort of garbage, when they lapped it up as long as it was coming a guy with an R next to his name?

28 posted on 03/20/2009 2:57:25 PM PDT by mountainbunny
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To: Candor7

Any thoughts? (ONLY if you have time, of course). Thanks.


29 posted on 03/21/2009 9:37:48 PM PDT by Chgogal (Don't look at me, Comrade. You elected him, our very own President Mugabe!)
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To: mountainbunny

Bookmark


30 posted on 03/24/2009 8:49:14 AM PDT by Dr.Deth
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