Well, the Flation Numbers came out this week. And, as usual, the Prosperity Through Austerity And Inflation's The Issue folks can't be happy. Here they are:
Core PPI 0.3%
Core CPI 0.1%
PPI -0.1%
CPI 0.0%
I'll leave it to the reader to see the forest and the trees. All that free money from the Fed sure ain't getting into the hands of people who spend. That's why there's no inflation. As the planet runs out of arable soil and hydrocarbons, with an exponential population growth, prices will rise due to shortage. The Idiots of the Central Banks will be too stupid to see this, and immediately raise interest rates, hoping beyond hope to play the role of Volker the Saviour. But they will only make matters so much worse. A Confederacy of Dunces, I'll say.
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Lyn LeJeune
Ernesto Che Guevara
Ablonde
Tom Cordle
Peter Breschard
Alan Nothnagle
Salon.com
Comments
Had the govt given the bailout money to consumers instead of banksters, I suspect we would be experiencing inflation growth -- and job growth. At the moment, Republicans would like to see the former and not the latter, which is why nothing good is being done in DC.
Looks like 2012 will once again be a battle between the Party of Know and the Party of No. And unless I miss my guess, stupid Americans will once again see to it the Party of No is victorious. God help us, neither voters or politicians will.
If our economy falters -- and there are so many things that could cause it to do just that -- Europe crashes, Israel bombs Iran, oil supplies get cut off in the Mideast, China has a recession -- Obama most likely loses.
The one wild card in the mix is Newt. Should he choose to run as a third-party candidate -- and given his hatred of Mitt I'd say that's a possibility -- he could suck off just enough votes to throw the election to Obama in any event.