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  • No Inflation Proves Critics of Fed’s Bernanke Wrong

    From bloomberg.com

    So much for the inflation warnings. Two years ago, Federal Reserve Chairman Ben S. Bernanke suggested he would embark on a second round of asset purchases, sparking criticism in the U.S. and abroad that he risked a rapid acceleration in prices. Since then, inflation has held near the Fed’s goal of 2 percent, and bond traders predict prices will accelerate at about that rate during the next five years. “There are other problems to worry about other than inflation,” said John Silvia, chief economist at Wells Fargo Securities LLC in Charlotte, North Carolina. “I’m worried about the European situation and the ... (full story)

Obviously the writer of this piece does not have to purchase gas or food. Sure the "official" government standard for inflation shows none. But the true standard, my wallet, says otherwise.
Mark ... Everything you have been told is a LIE
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  • | IP XXX.XX.85.157
There's no inflation because the fed has decided to stick its head in the sand and ignore ignore energy prices ie oil. As if the massive rise in oil prices and speculation have absolutely no effect on the health of the American consumer .... how convenient. Personally I think the fed is not really "ignoring" these corresponding run ups in oil after qe. If they were ignoring it they would have pulled the trigger on more qe. IMO oil around $100 = no QE
Quoting spzd
Obviously the writer of this piece does not have to purchase gas or food. Sure the "official" government standard for inflation shows none. But the true standard, my wallet, says otherwise.
I agree completely. And have you noticed all of the grocery package items are smaller? The price has not gone up but the product is smaller. The Fed inflation figures are a clever deception.
  •  Guest
  • | IP XXX.XX.85.157
There's plenty of inflation but the fed doesn't want to see it up in there ivory towers. More QE will provide little if modest job creation. And that's only if it doesn't send oil to $150-$170 a barrel. Then QE will do more damage than good.
And the earth is flat....right?
Hej.
  •  Guest
  • | IP XX.XXX.119.38
No. But the inhabitants of the earth knew it was not flat nor the center of the earth but governments would still kill those that said otherwise. There were also those ignorant enough to believe it was flat cause the powers that be told them ... I wonder what one of those u would be stitch?
  •  Guest
  • | IP XX.XXX.119.38
Typo. Earth was not the center of universe.
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  • Story Stats
  • Posted: Aug 20, 2012 5:00pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 7  /  Views: 1,736