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I think we're in for inflation and deflation at the same time...
from Tim McMahon, Editor, inflation.com
"So if inflation is rising prices and deflation is falling prices, how can prices rise and fall at the same time? Somehow that seems counter intuitive.
Obviously, when the Bureau of Labor Statistics comes up with the Consumer Price Index it is either higher or lower than the month before so we have inflation or deflation.
But that is the number for the whole economy, it includes over 10,000 items and takes into consideration all aspects of the economy.
However, every month some prices are rising while others are falling. So the inflation rate is a compilation of all of these factors. Currently, we have some major inflationary forces combined with some deflationary forces.
On the inflationary side we have rampant money creation, and dollar devaluation compared to other currencies. This is causing prices for food and energy to skyrocket.
On the deflationary side we have the sub-prime fiasco which is reducing liquidity for banks and causing housing prices to fall.
So there you have it, rising food and energy prices and falling housing prices... inflation and deflation at the same time."
Not to attack the OP's source but I thought it best to check it out......
There is not much info on this outfit is and who funds it. This is what I've found thus far. Seems that it's whole purpose is to scare the hell outta people to some end.
Not to attack the OP's source but I thought it best to check it out......
There is not much info on this outfit is and who funds it. This is what I've found thus far. Seems that it's whole purpose is to scare the hell outta people to some end.
National Inflation Association Co-founders donate to Peter Schiff for CT exploratory committee - Patriotic Resistance (http://www.resistnet.com/profiles/blogs/national-inflation-association - broken link)
The same could be said for the economic collapse blog that you and I both use a source for starting threads. Everyone has an agenda, and it is best to sort out the truth and lies out of every souce to make up your own mind for yourself.
T Everyone has an agenda, and it is best to sort out the truth and lies out of every souce to make up your own mind for yourself.
Yes it is best which is why I offered the fact that this source is questionable at best. Folk's will decide what's best for them. They always do..........
When is all this Inflation, you big time economists are predicting going to show up??? I'm tired of getting 'barely above 0% interest' on my savings.
I want my inflation now! When is it going to show up?
I don't think very many are 'enjoying' the final days. Nobody I know is.
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