Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

THEY HAVE GOT TO BE KIDDING (Bogus GDP, inflation numbers)
Financial Sense University ^ | November 1, 2007 | Peter Schiff

Posted on 11/01/2007 7:01:20 PM PDT by Travis McGee

click here to read article


Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-131 next last
To: Dr. Frank fan
Schiff has been so wrong for so long that I no longer pay any attention to him. As I recall, he is a “gold bug”.
81 posted on 11/02/2007 2:38:27 AM PDT by marktwain
[ Post Reply | Private Reply | To 9 | View Replies]

To: Brilliant
“The reality, which is not being mentioned by the libs’, is that the spending on the war on terror is added into the GDP, and makes the economy look good, even though our standard of living has not substantially increased. But that is a choice that the American public (including the Dems) has made. They would rather be safe than have another chicken in the pot. And I can’t disagree with that choice. If you want to blame someone for the stagnating standard of living, blame the Islamacists who made this necessary.”

Bears repeating. Good post.

82 posted on 11/02/2007 2:44:27 AM PDT by marktwain
[ Post Reply | Private Reply | To 50 | View Replies]

To: Dr. Frank fan

Thank you for your injections of logic and common sense.


83 posted on 11/02/2007 2:46:06 AM PDT by marktwain
[ Post Reply | Private Reply | To 54 | View Replies]

To: Don W

You’re using a minuscule statistical world based on Shreddiess to draw large conclusions.


84 posted on 11/02/2007 3:35:26 AM PDT by listenhillary (millions crippled by the war on poverty....but we won't pull out)
[ Post Reply | Private Reply | To 74 | View Replies]

To: Don W

90% Ground beast $1.99
Chicken breasts $1.99 lb
Whole chicken $1.30 lb
Rump Roast $2.59 lb
Bananas $.40 lb
Bread $1.99
Tuna $.40
Cheddar cheese $3.00 lb
E&J Brandy 750ml $7.99
Flour $1.80 5 lb
Cake mix $1.09
Potatoes $1.75 5 lbs
Jacks frozen Pizza, $2.00
Green coffee beans, Columbian&Tanzanian averaging $5.00 lb

Eggs are higher and I might add up to spending $8 more dollars a year.
Milk is higher and I might end up spending $35 more dollars a year.

I’ll believe we’re doomed when I see people stop driving 75 mph in their hulking 2 ton vehicles. I’ll believe we’re doomed when people stop paying monthly fees to exercise in a gym.

The free market will astound you. See what happens if we have sustained $5.00 a gallon gas.


85 posted on 11/02/2007 3:58:58 AM PDT by listenhillary (You get more of what you focus on)
[ Post Reply | Private Reply | To 76 | View Replies]

To: B4Ranch

Exactly.

Heard a guy on a financial talk show put it something like, “If you torture the data enough, you can get it to confess to anything.”


86 posted on 11/02/2007 4:39:31 AM PDT by longtree
[ Post Reply | Private Reply | To 13 | View Replies]

To: listenhillary

The point is to identify and fix the problems early, not wait until they are inflicting pain.


87 posted on 11/02/2007 4:50:01 AM PDT by durasell (!)
[ Post Reply | Private Reply | To 85 | View Replies]

To: saganite
Don’t know about you but my anecdotal experience suggests there’s far more inflation in prices than the .8% in the latest report.

I concur.

88 posted on 11/02/2007 4:56:41 AM PDT by Puddleglum
[ Post Reply | Private Reply | To 8 | View Replies]

To: Dr. Frank fan
I can tell you that over the last quarter, almost every item in the grocery stores has gone up several percentage points.

Carolyn

89 posted on 11/02/2007 5:11:30 AM PDT by CDHart ("It's too late to work within the system and too early to shoot the b@#$%^&s."--Claire Wolfe)
[ Post Reply | Private Reply | To 11 | View Replies]

To: I got the rope

The fed needs to print so much money so they can keep buying bonds to depress the interest rate. It also doesn’t help that the government spends and spends and spends far beyond what it takes in.

No one cares what it costs to print a dollar. It’s only a few cents (same for a $100 bill) and most of the money the fed creates is never made into physical currency anyway.


90 posted on 11/02/2007 5:13:03 AM PDT by Turbopilot (iumop ap!sdn w,I 'aw dlaH)
[ Post Reply | Private Reply | To 53 | View Replies]

To: biff

It’s time to start beating up Democrats over their refusal to allow us to produce and refine more of our own oil and also build nuke plants. This should be a huge campaign issue for Republicans. Get on it!!


91 posted on 11/02/2007 5:24:10 AM PDT by Conservativegreatgrandma (Democrats--Al Qaeda's best friends)
[ Post Reply | Private Reply | To 44 | View Replies]

To: Copernicus

Neither.


92 posted on 11/02/2007 5:33:42 AM PDT by rb22982
[ Post Reply | Private Reply | To 70 | View Replies]

To: mylife

I bought a 1 liter bottle of Club Soda for $1.50. My husband found it at another store at 2 liters for $.88. How do you measure it?


93 posted on 11/02/2007 5:34:20 AM PDT by Conservativegreatgrandma (Democrats--Al Qaeda's best friends)
[ Post Reply | Private Reply | To 66 | View Replies]

To: investigateworld

A lot of the really low priced items are more effected by fuel increases. Hostess pies that probably didn’t increase for 5-7 years and then went up. A lot of those retail items work that way. I bet you dont claim we have 0 inflation when you dont see those prices rise at all for several years in a row.


94 posted on 11/02/2007 5:37:33 AM PDT by rb22982
[ Post Reply | Private Reply | To 79 | View Replies]

To: durasell

“The point is to identify and fix the problems early, not wait until they are inflicting pain.”

By taking the advice of noted Free Republic economists or Peter Schiff?

I am convinced more than ever that the Democrats and the media are freaking out about their loss in destroying the war effort. If they can’t whine about that, their whino brigade will start attacking the administration on domestic issues to crash the economy.

For the Democrats to win, the MUST crush the current administration and stomp to bits any hint of good news or progress.

Lots of strings and hidden hands pulling them.

My next business idea is to sell gloom colored glasses as they will sell right well on Free Republic. Of course I can’t sell them here, but maybe I can give them away to drive home my point.


95 posted on 11/02/2007 6:41:11 AM PDT by listenhillary (You get more of what you focus on)
[ Post Reply | Private Reply | To 87 | View Replies]

To: listenhillary

So, everything is just fine? Is that your opinion?


96 posted on 11/02/2007 7:23:08 AM PDT by durasell (!)
[ Post Reply | Private Reply | To 95 | View Replies]

To: durasell

We are the most spoiled nation in history. We have a god given right to $1.00 a gallon gas, food prices that never fluctuate and government, by god had better keep it that way or we’re going to be pissed.

Others realize that a static economy is a dying economy and they take steps to adapt to changes.

If I had listened to the sky is falling chicken littles, I would be considerably poorer today. Chicken littles word’s in my mind are now balanced with pounds of skepticism. They have been wrong so often and for so long. Maybe I will pay for this someday and wish I had listened. It hasn’t happened yet.

Maybe there are people that bought houses they shouldn’t have and maybe there are people that bought more house than they should have. If the government spends my tax dollars or puts forth herculean efforts to keep these people in those houses, it is a much better use of tax dollars IMO than giving the money to farmers to not produce crops or giving the money to an able bodied citizens to continue to sit on their butts.

Is everything fine? I can’t see the future. Some people are prospering and some people are hurting. You can always find the negative when that is all that you are looking for.


97 posted on 11/02/2007 7:41:23 AM PDT by listenhillary (You get more of what you focus on)
[ Post Reply | Private Reply | To 96 | View Replies]

To: listenhillary

I agree with you on that. I know many people today who have never had it better. However, please note that this is a conservative forum. Posters generally have no agenda in spouting off negatively about the economy more or less under Republican stewardship. In fact, with the election coming up, they have every reason to talk up the economy. But that’s not what I’m seeing day after day on these threads, which leads me to believe something’s seriously wrong.

Secondly, I personally think the deficit and debt chickens are coming home to roost. I don’t believe they’re here yet, but definitely on the horizon.


98 posted on 11/02/2007 7:48:51 AM PDT by durasell (!)
[ Post Reply | Private Reply | To 97 | View Replies]

To: Travis McGee
Well, the people who believe the government inflation numbers today are the same ones who believed the mortgage industry growth projections last year and the dot com earnings statements in 2000.

All of them are true...until they aren't. ;)

99 posted on 11/02/2007 7:58:22 AM PDT by Mr. Jeeves ("Wise men don't need to debate; men who need to debate are not wise." -- Tao Te Ching)
[ Post Reply | Private Reply | To 1 | View Replies]

To: durasell

There are some posters that continually post nothing but negative articles on FR. They have done so for years. I see it day after day, so it is hard to tell if something is seriously wrong or not.

I have no shortage of negative news available. CNN, MSNBC, CBS, ABC, NBC, PBS, NYT have it covered quite well.


100 posted on 11/02/2007 10:20:44 AM PDT by listenhillary (You get more of what you focus on)
[ Post Reply | Private Reply | To 98 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-20 ... 61-8081-100101-120121-131 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson