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I personally think it already is more... since food already went up by 20% plus... can't eat gas.
P.S. who else is going to cry when eventually a loaf of bread will cost $1000 USD & the min. pay becomes $20/hr that everyone gets???
The Feds target inflation rate is a joke and underestimates what the real inflation rate. If the Fed reported what real inflation was there would be more people in the streets and asking for the elimination of the Fed.
The Fed is in charge or reporting the inflation rate?
I thought that was done by a government agency like BLS, when was the Fed given that responsibility?
Sorry, but the real inflation rate is still a joke and protects the Fed is what I was trying to refer to. And to think that 12 men can actually micro-manage the economy and interest rates in the biggest deception played on citizens.
Basically the market is saying assets are priced too high and the FED is not allowing this to happen in our so called "free market" economy.
I don’t think the Market will mind high asset prices as long as the Economy continues getting a steady dose of Gov’t/Taxpayer bailouts. The Market would rather milk the Gov’t/Taxpayer than be managed by the FED.
Quote:
Originally Posted by gwynedd1
The FED is doing everything it can to defeat the market pricing of assets.
The FED is also worried about the natural deflation of wages, which is supposed to accompany asset price deflation!
anyway, to Grandma's Pipes, what DOES the fed-treasury-primary dealer complex do, if not print money? you can use your own words to answer.
i'm serious, because i was thinking about applying for a job there, and if you're an insider, i want in on that action.
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