Ozero's deficit spending on the other hand...
I see GrASSely couldn’t say the Carter years.
Good, hope so. I am so afraid of the market, I long for high interest rates. My father made a bundle in CDs in the 70s-80s.
Throwing money at it?
I thought that was the way you fix and maintain a bass boat.
Like, duh...
I’m just waiting for the dramatic interest rate spikes by the Fed combined with continued inflation — the worst of both worlds.
Bernanke was quoting Milton Friedman in his "helicopter" speech.
One of the reasons for the severity of this downturn is that all the central banks had their yield curves inverted a few years ago for no good reason.
jimmah al-carter redux
It’s more accurate to say, “The Seventies” and it peaked in 1980 at 13.5% when The Peanut Man was in the WH. Reagan didn’t take office until Jan. 1981.
I’ve been predicting rampant near-term late-70s inflation for the last 6-9 months, starting any time now.
I’m glad I don’t need any loans in the near future. My first house note was >10%, in the mid-80s.
My husband works with bankers all the time. It's going to be worse than that. We're storing all we can right now. Because of the kids, we're working our butts off. We need a lot.
The bankers warned us as soon as Oboma took office. They told my husband to stop spending and start hording - everything.
"A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences."
Not only that, but we're not heading for it either. We're in a classic deflationary spiral. Sen. Grassley really needs to learn some basic economics since he's on a committee making important fiscal decisions for our country.
Voters should be very concerned about the lack of common economics knowledge by our elected officials. They're clueless.
|
YEAR
|
JAN
|
FEB
|
MAR
|
APR
|
MAY
|
JUN
|
JUL
|
AUG
|
SEP
|
OCT
|
NOV
|
DEC
|
AVE
|
| 1985 | 3.53% | 3.52% | 3.70% | 3.69% | 3.77% | 3.76% | 3.55% | 3.35% | 3.14% | 3.23% | 3.51% | 3.80% | 3.55% |
| 1984 | 4.19% | 4.60% | 4.80% | 4.56% | 4.23% | 4.22% | 4.20% | 4.29% | 4.27% | 4.26% | 4.05% | 3.95% | 4.30% |
| 1983 | 3.71% | 3.49% | 3.60% | 3.90% | 3.55% | 2.58% | 2.46% | 2.56% | 2.86% | 2.85% | 3.27% | 3.79% | 3.22% |
| 1982 | 8.39% | 7.62% | 6.78% | 6.51% | 6.68% | 7.06% | 6.44% | 5.85% | 5.04% | 5.14% | 4.59% | 3.83% | 6.16% |
| 1981 | 11.83% | 11.41% | 10.49% | 10.00% | 9.78% | 9.55% | 10.76% | 10.80% | 10.95% | 10.14% | 9.59% | 8.92% | 10.35% |
| 1980 | 13.91% | 14.18% | 14.76% | 14.73% | 14.41% | 14.38% | 13.13% | 12.87% | 12.60% | 12.77% | 12.65% | 12.52% | 13.58% |
| 1979 | 9.28% | 9.86% | 10.09% | 10.49% | 10.85% | 10.89% | 11.26% | 11.82% | 12.18% | 12.07% | 12.61% | 13.29% | 11.22% |
| 1978 | 6.84% | 6.43% | 6.55% | 6.50% | 6.97% | 7.41% | 7.70% | 7.84% | 8.31% | 8.93% | 8.89% | 9.02% | 7.62% |
| 1977 | 5.22% | 5.91% | 6.44% | 6.95% | 6.73% | 6.87% | 6.83% | 6.62% | 6.60% | 6.39% | 6.72% | 6.70% | 6.50% |
| 1976 | 6.72% | 6.29% | 6.07% | 6.05% | 6.20% | 5.97% | 5.35% | 5.71% | 5.49% | 5.46% | 4.88% | 4.86% | 5.75% |
| 1975 | 11.80% | 11.23% | 10.25% | 10.21% | 9.47% | 9.39% | 9.72% | 8.60% | 7.91% | 7.44% | 7.38% | 6.94% | 9.20% |
| 1974 | 9.39% | 10.02% | 10.39% | 10.09% | 10.71% | 10.86% | 11.51% | 10.86% | 11.95% | 12.06% | 12.20% | 12.34% | 11.03% |
hyperinflation is exactly what obama is pushing us to.
does he realize this?
is he that blind?
or does he think that the bottom will never fallout?
More accurately, double digit inflation occured in 1979, 1980 and 1981.