Inflation rate for 2009 (buying, calculator, prices)

[lets_hope_for_newbruns]

100 dollars in 2005 has the same buying power as

103.23 in 2006
106.17 in 2007
110.24 in 2008

and drum rolls...
108.65 in 2009



check this out.

http://www.bls.gov/data/inflation_calculator.htm

[JG183]

so are you going to change the title of this thread to
deflation rate for 2009

?

[doc1]

Has the source accounted for the trillion are so that's going to be printed or might that show up later?

[sholden]

Originally Posted by doc1

Has the source accounted for the trillion are so that's going to be printed or might that show up later?

Why not read their description of their data?

For the lazy they use the average rate for the each year, except for the current year in which they use the most recent month.

So no they haven't. And no they shouldn't since prices are down at the moment - you are very likely correct that our Great Leaders are going to hand us an inflationary recession/depression instead of a deflationary recessio/depression.

[NJ987654]

It's the calm before the storm. It's like using your Visa to buy a bunch of stuff today when you don't have the money. Technically, your interest for this month is $0. But when you can't afford to pay it off next month, you get hit then. The government is borrowing record amounts of money. When they need to print money to pay the interest (not even pay it back, just keep up with the interest payments), this will create inflation.

[Sergio M]

Low interest rates and a weak dollar also feed inflation. When this thing finally bottoms out you'll hear that word inflation again...

[lets_hope_for_newbruns]

time for world war 3 appears

[JG183]

anyone else getting tired of all the doomsday talk ?

China dumping dollars, creating hyper-inflation (like that old "Rollover" movie that had the Arabs doing the same thing and destroying the U.S. economy)...

or the U.S. government takes so much capital from the private sector that innovation comes to a stop...

etc.

etc.

sure -- China could dump the dollar, or Chavez could stop selling us oil, or the Koreans or Iranians could create a military crisis.

but the reality is that:

1. the U.S. will survive and adapt - we have too many resources and alternatives that can be brought to bear; and

2. the counter-party will suffer much more.

George Soros has made a couple billion being a doomsday monger... wouldn't it be nice if we could just focus on innovation and growth (which wouldn't be hurt by hundreds of billions of dollars going back into circulation) and send him back into retirement ?

[lets_hope_for_newbruns]

but that is Soro's innovation dear.

US has become the biggest debtor nation in the world.
they have two choice that comes to my mind...
adapt to global currency by listening to foreign powers or go for a war.

which one do you find hard to digest?