Article

2011-04-13 Economy

Inflation Actually Near 10% Using Older Measure

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Posted by Zebulon Thranter9685 2011-04-13 14:30|| || Front Page|| [3 views ] Top

#1 I just can't believe inflation is that low. This current climate reminds me of the Carter years. Then we had double digit inflation. The problem is this simply. Every time you order product for resale you have a cost increase. Profit is gone and you don't recover your money spent. Inventory now takes all your money to stock. When you pay your bills is when you wonder where the money went. Sounds like the song- wonder where the money went.

Posted by Dale 2011-04-13 17:15|| 2011-04-13 17:15|| Front Page Top

#2 Thanks Bernanke for fighting the terrible problem of things getting cheaper in a recession!

We now still have a recession except everything costs even more!

Posted by Bright Pebbles 2011-04-13 18:44|| 2011-04-13 18:44|| Front Page Top

#3 Bernanke and the other central banks are fighting the 'problem' of asset deflation crashing the banks.

Posted by phil_b 2011-04-13 20:27|| 2011-04-13 20:27|| Front Page Top

#4 If the goal is to impoverish Americans, this administration is doing a heckuva job.

Posted by Jock the Salmon 2011-04-13 20:29|| 2011-04-13 20:29|| Front Page Top

#5 Three accountants apply for a job at OMB*. The interviewer asks the applicants 'what is 2 plus 2'. The first replies '4'. The second replies '4'. The third replies 'What do you want it to be?'. Of course they hired the third applicant.

* Office of Management and Budget

Posted by Procopius2k 2011-04-13 20:42|| 2011-04-13 20:42|| Front Page Top

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