Dr. Keynes Was Right

It's the Distribution, Stupid
MAY 15, 2012 10:21AM

Dee Feat is in Dee Flation, Part 18

Rate: 2 Flag

Well, the Flation Numbers came out this week and last.  And, as usual, the Prosperity Through Austerity And Inflation's The Issue folks can't be happy.  Here they are:
Core PPI 0.2%
Core CPI 0.2%
PPI -0.2%
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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A confederacy bound and determined to impose on the world the austerity rules that will strengthen them to further their on purposes, whatever they may be.California will be the first state to test the self imposed boundaries of what they will find acceptable.
after that it will be the rest of us.
will we or won't we, ...that begs the question....
Meanwhile, JP Morgan stockholders approve another $22 million in compensation for Jamie Dimon despite being aware of a $2+ billion dollar casino-bet loss on his watch. Is crapitalism great or what?
Ms. Drew, I learned since I penned this, was given ("earned" is a bit of a stretch) $14 million for her annual efforts, most recently. If there were ever a bunch of yahoos who act the part of Welfare Queens (and Kings) it is this bunch. And they continue to claim that only they can run an economy intelligently. They should all be required to undergo a phrenology exam.