Consumer Sentiment Plunges to 4-Month Low as Food Prices Spike---Thank You Obama (compare, money)

[pknopp]

Originally Posted by TheCityTheBridge

UPDATE 2-U.S. meat, seafood prices rising on drought and disease -USDA | Reuters

The problem, for agricultural production, is drought in California, Texas, and Oklahoma.

Prices have been going up long before this summer.

If There’s No Inflation, Why Are Prices Up So Much?

If There

[NYRhockeyfan]

Originally Posted by pknopp

Prices have been going up long before this summer.

If There

So, does Obama control the weather?

[pknopp]

Originally Posted by NYRhockeyfan

So, does Obama control the weather?

See? And one wonders why I am flippant.

[TheCityTheBridge]

Originally Posted by pknopp

Fed's Lacker Admits "Asset Bubble" - Reluctant To Pop It

http://www.zerohedge.com/news/2014-0...luctant-pop-it

This is not a reliable source. In fact, its "about" page is labeled "the zero hedge manifesto." http://www.zerohedge.com/about

Here is a better source for Lacker's statements: Lacker says inflation moving toward Fed's target | Reuters. The tenor is obviously different from the claims made by your link.

Originally Posted by pknopp

Prices have been going up long before this summer.

If There’s No Inflation, Why Are Prices Up So Much?

If There

This article has essentially no substance. It suggests initially that anecdotal evidence and cherry-picked data mean that inflation is higher than CPI, then it concludes in the end that there is no objective gauge of inflation. The headline also does not accurately reflect the tenor of the article, which is directed more at suggesting that steady consumer prices are unlikely to continue as the economy picks up steam.

This article also does not claim anywhere that food prices have been going up before summer.

[pknopp]

Originally Posted by TheCityTheBridge

This is not a reliable source. In fact, its "about" page is labeled "the zero hedge manifesto." http://www.zerohedge.com/about

He either said it or he didn't. As I said, there is no reason to try and reason when someone has no desire to look at all angles. You will obviously simply dismiss anything that doesn't fit your narrative.

[TheCityTheBridge]

Originally Posted by TheCityTheBridge

This is not a reliable source. In fact, its "about" page is labeled "the zero hedge manifesto." http://www.zerohedge.com/about

Here is a better source for Lacker's statements: Lacker says inflation moving toward Fed's target | Reuters. The tenor is obviously different from the claims made by your link.

And on further review, I would say that your link is downright misleading (it is also outdated): Fed's Lacker: monetary policy should head off inflation, not bubbles | Reuters

http://finance.yahoo.com/news/feds-l...190707027.html

[TheCityTheBridge]

Originally Posted by pknopp

He either said it or he didn't. As I said, there is no reason to try and reason when someone has no desire to look at all angles. You will obviously simply dismiss anything that doesn't fit your narrative.

There is no link to him saying what your link indicates he said. Legitimate reports indicate that he said that the goal of monetary policy is inflation control, not response to asset prices. That is different from "Lacker admits asset bubbles" and it is different from "Lacker reluctant for fed to prick asset-price bubbles." It is, instead, a statement of the purpose of monetary policy.

[TheCityTheBridge]

Originally Posted by pknopp

He either said it or he didn't. As I said, there is no reason to try and reason when someone has no desire to look at all angles. You will obviously simply dismiss anything that doesn't fit your narrative.

It is also six months out of date, and the fed has issued further guidance since then: Janet Yellen thinks social media is overvalued - The Washington Post

http://www.nytimes.com/2014/07/16/bu...p-economy.html

[pknopp]

Originally Posted by TheCityTheBridge

And on further review, I would say that your link is downright misleading (it is also outdated): Fed's Lacker: monetary policy should head off inflation, not bubbles | Reuters

http://finance.yahoo.com/news/feds-l...190707027.html

That in no way makes it better. Even Greenspan admits it was a mistake to not address asset bubbles through raising rates.

Really, if he wants to argue that it was better to have allowed the crash rather than to have addressed the bubble I will grant you the point that he is a moron and anything he has said should be dismissed.

[pknopp]

Originally Posted by TheCityTheBridge

It is also six months out of date, and the fed has issued further guidance since then: Janet Yellen thinks social media is overvalued - The Washington Post

http://www.nytimes.com/2014/07/16/bu...p-economy.html

Didn't we just do this in the late 90's? What did we learn? Its good to make the same mistakes? She could stop this.