Weakest Retail Spending Since 2008? (gun, 2014, banks, European)
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I have to agree with you, anyone who says it has, is plain full of bologana! i have many many bank accounts, stocks, savings accounts, and money has not increased. Looking at all my statements, money has not increased, anyone can say anything, i have been saving for a long long time, not overnite.
Fiver years ago, i had much more money in all aspects of saving, interest was much better.
Interest is shi-. And i am not someone who has just 5,000 in a savings account.
I can spend if i want to, but choose not too, it is called being smart with the money you have, and to tell you the truth too many people i know, spend it so foolish. On nonesense, don't need it don't want it, too many people that don't have it to spend, rack up bills on the ying yang by credit, worse thing to do.
They can sit in judgement of others, but don't know the first thing about how to save.
What inflation?
There has been NO MAJOR INFLATION.
You clowns keep saying there'll be major inflation and yet it HASN'T HAPPENED - nor is there any real indication that it's GOING TO HAPPEN.
Your predictions have been just plain WRONG.
Ken
Glad you finally admitted that the economy is not improving much at all. You're usually claiming just the opposite.
With interest rates at historic lows for 49 straight months and the FR tripling its balance sheets you should be seeing inflation but you're not.
And when the economy actually starts turning around and picking up speed they're going to have to raise interest rates 6 months to a year prior to that which is why the historic US inflation rate looks like a roller coaster of death when the "Keynesians" had their way. They're horrible at predicting...
Again, where has QE and the stimulus had a positive effect??
where is the recovery???
Keynesians are too busy pointing out that price inflation hasn't happened yet...(which it actually has in many commodities)....but they haven't shown where it's (QE) actually creating demand....
I will tell you why....because it hasn't...
Last edited by Hot_Handz; 12-28-2012 at 07:02 PM..
You really don't know what you are talking about. The fact that interest rates are at historic lows without inflation is exactly in conformance with Keynes, who said that in a liquidity trap, neither government spending more increasing the money base is inflationary. This, from today's #1 Keynesian:
Do you deny:
Because it clearly shows the inability of Keynesians to predict anything economic.
It's a GD inflation roller coaster and you want to use Krugman who specifically called for the devaluation of the dollar by 33 - 50%?
How about a statement from the Philly Fed Chairman:
Quote:
While these risks are very hard to quantify, it is clear that the larger the Fed’s portfolio becomes, the higher the risk and the potential costs when it comes time to exit. And based on my economic outlook, that time may come well before mid-2015. In my view, to keep the funds rate at zero that long would risk destabilizing inflation expectations and lead to an unwanted increase in inflation. In fact, some are interpreting the FOMC’s statement that we will keep accommodation in place for a considerable time after the recovery strengthens as an indication that the Fed is focused on trying to lower the unemployment rate and is willing to tolerate higher inflation to do so. This is another risk to the hard-won credibility the institution has built up over many years, which, if lost, will undermine economic stability.
Oh, gosh, he's just another right-wing propaganda artist. I mean, it's not like he's in the know or anything.
I mean what's 20% inflation rates between friends?
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