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Old 04-08-2012, 10:57 AM
 
12,639 posts, read 7,291,824 times
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Quote:
Financial market participants’ inflation expectations for the U.S. rose to the highest level in nearly three years, while they see deflation risk in the euro region, according to a survey by JPMorgan Chase & Co.
Inflation expectations in the U.S. for the next 12 months rose to 2 percent, the highest since JPMorgan began the survey in July 2009, the bank said. The same gauge for the U.K. fell to 2.2 percent from 2.3 percent in the previous survey in November.
Link: Investors See Inflation in U.S. at 3-Year High, JPMorgan Survey

The Democrats continue to win the war they are waging against the middle class.

Meanwhile, their stooges continue to barf out propaganda about non-issues lilke Trayvon Martin and birth control in a desperate attempt to refocus attention away from their planned destruction of the economy.

Don't fall for it.
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Old 04-08-2012, 01:32 PM
 
Location: Eastern NC
19,434 posts, read 17,674,661 times
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Grow up.
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Old 04-08-2012, 02:17 PM
 
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Don't forget that inflation doesn't measure gas or food - and it deflates technology through hedonics. Some people think that true inflation is in double digits.
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Old 04-08-2012, 02:36 PM
 
Location: NC
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ROFLMAO. Considering the past three years were 2009, 2010, and 2011 that is no surprise. Inflation is 2.9% it is lower then it was in 1935, which also happened to be a 3 year high coming off the depths of the great depression. Basically, after an economic crisis has subsided inflation is not terribly surprising especially as credit loosens following a crash. Basically in 2009 credit froze like a New England pond in January, that constricted the money supply and caused 0 inflation, or deflation that year depending which metric you use. As credit is loosening money is becoming more available and as such more money is chasing similar goods do to credit easing then was the case over the past 3 years, but since it is 2.9% its still not all that much since it is lower then 2008 inflation by a lot (Thus the emphasis on the 3 year high point), and it is no where near 1970s and 1980s highs.

Historical Inflation Rates: 1914-2012, Annual and Monthly Tables - US Inflation Calculator

Last edited by Randomstudent; 04-08-2012 at 02:44 PM..
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Old 04-08-2012, 02:55 PM
 
Location: NC
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Quote:
Originally Posted by michiganmoon View Post
Don't forget that inflation doesn't measure gas or food - and it deflates technology through hedonics. Some people think that true inflation is in double digits.
Yes it does. The argument that it does not is put forward by conspiracy theorists and gold peddlers who use misleading half truths to push their agenda. Basically the CPI includes food and fuel in its basket of commodities, the Core CPI which is what the fed takes to determine interest rates does not, because those commodities are too volatile to try and deal with through monetary policy.

http://useconomy.about.com/od/econom...tors/p/CPI.htm

Furthermore people who think inflation is in double digits have clearly never entered an economics classroom. One of the first things you learn is that inflation is a principle driver of interest rates along with risk. If inflation were really double digits anyone lending you money for less then double digit interest rates would be on the losing end since their interest rates would not be able to keep up with inflation. In other words interest rates would be much, much, much, higher as in 1970-1980s high if we were actually experiencing double digit inflation.

Last edited by Randomstudent; 04-08-2012 at 03:11 PM..
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Old 04-08-2012, 03:07 PM
 
16,697 posts, read 9,063,254 times
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Quote:
Originally Posted by Randomstudent View Post
ROFLMAO. Considering the past three years were 2009, 2010, and 2011 that is no surprise. Inflation is 2.9% it is lower then it was in 1935, which also happened to be a 3 year high coming off the depths of the great depression. Basically, after an economic crisis has subsided inflation is not terribly surprising especially as credit loosens following a crash. Basically in 2009 credit froze like a New England pond in January, that constricted the money supply and caused 0 inflation, or deflation that year depending which metric you use. As credit is loosening money is becoming more available and as such more money is chasing similar goods do to credit easing then was the case over the past 3 years, but since it is 2.9% its still not all that much since it is lower then 2008 inflation by a lot (Thus the emphasis on the 3 year high point), and it is no where near 1970s and 1980s highs.

Historical Inflation Rates: 1914-2012, Annual and Monthly Tables - US Inflation Calculator
#1 I think the OP is doing it half tongue in cheek for the so called GOP war on women.

#2 They have changed how they measure inflation over the years. No food, no gasoline, and technology is deflated.
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Old 04-08-2012, 03:14 PM
 
29,988 posts, read 37,099,452 times
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Inflation is a stealthy tax on everyone. No reason to tax when inflation can be used and no one loses political capital as a result.

Ron Paul addresses inflation in 2011, see beginning 1:30


Ron Paul: Price Inflation Caused by Federal Reserve - YouTube


eta: Bernake admits inflation is a tax

http://www.youtube.com/watch?v=D4yBrxmEOkY


Currently we are exporting less and less of our debt. The FED is buying up approx. 60% of our nation's debt in the form of Treasuries.
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Old 04-08-2012, 03:19 PM
 
Location: NC
10,005 posts, read 8,994,286 times
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Quote:
Originally Posted by michiganmoon View Post
#1 I think the OP is doing it half tongue in cheek for the so called GOP war on women.

#2 They have changed how they measure inflation over the years. No food, no gasoline, and technology is deflated.
I believe I addressed that in post #6. The Non-Core CPI is still available, you can still use it, in fact the fed still uses it. Its only conspiracy theories and con-artists that who pray on the willfully intellectually lazy or stupid that use the argument that somehow the non core CPI changes and has disappeared. Both metrics are still very much there and there is no hyper inflation.

The Great Inflation Cover-Up?
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Old 04-08-2012, 03:27 PM
 
Location: NC
10,005 posts, read 8,994,286 times
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Quote:
Originally Posted by lifelongMOgal View Post
Inflation is a stealthy tax on everyone. No reason to tax when inflation can be used and no one loses political capital as a result.
Inflation is not a tax on everyone. It is not really a tax. If you want to use that terminology of "a tax" inflation is as much of a tax break (and probably moreso for the average american) as it is a tax.

Basically if you are a person regardless of your non cash assets/equity who owes money to someone/something like a mortgage, credit card debt, student loans etc. then inflation is a boon, because it ultimately reduces what you have to pay over time with respect to the amount of purchasing power you have to put up. If on the other hand you hold outstanding debt like bonds then it ultimately reduces the purchasing power of the money you are paid back.

Thus if you like most people have more outstanding debt, then coupons inflation is great for you since it does not effect your non cash assets. On the other hand deflation is the opposite. It makes it more expensive in terms of purchasing power to repay loans.

As to price inflation Ron Paul convienently leaves out wage inflation which is the counterbalance to that. Now I know conservative hate Marx, but essentially he was right when he argued that labor is just another non-monetary commodity subject to the same rules as other commodities.

Last edited by Randomstudent; 04-08-2012 at 03:37 PM..
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Old 04-08-2012, 03:28 PM
 
33,046 posts, read 21,948,544 times
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Don't forget the Republican War on the Poor.

War On The Poor: Minnesota Republicans Want To Bust Poor People Who Carry Cash | Crooks and Liars
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