Then use the headline rate. That's how the CPI is calculated and it includes food and energy.
Only a goldbug would believe the rate of inflation is really 10-14%.
Posted on 11/25/2007 5:15:20 PM PST by Travis McGee
BTTT
After debt settlement, invest in land, food and firearms. Not necessarily in that order.
This is an interesting analysis.
~~Harvard Economic Society, October 19, 1929
“Several brokerage houses tumbled; blue-sky investment companies formed during the happy bull market days went to smash, disclosing miserable tales of rascality; over a thousand banks caved in during 1930, as a result of marking down both of real estate and of securities; and in December occurred the largest bank failure in American financial history, the fall of the ill-named Bank of the United States in New York.”
~~Only Yesterday: An Informal History of the 1920’s by Fredrick Lewis Allen
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
~~Ludwig von Mises
Some are stuck on stupid. Anything is possible in our economy. I, however, am bullish, buy, buy, buy.
Congratulations, you have just become the 1,000,000th fear-monger to involk comparisons to 1929. Every crisis since the 1930's brings about such cries from the chicken little crowd.
I’m just glad that my house is paid off and I ignored the hucksters who said I should sell, take out a big loan and find a bigger and better house.
Telling your sitcom-watching neighbors about a hurricane warning doesn’t mean one is “for hurricanes.”
Conversely, ignoring hurricane warnings won’t provide any safety to the wearers of rose-colored glasses.
Sorry, but there is always some expert proclaiming its 1929 all over again. It really hard to take them seriously. We have solid growth, low interest rates, low inflation, high employment. The housing/financial crisis is serious, but it ain’t 1929 or even 1973.
Interesting read. Was it Asimov’s Seldon Plan that dictated “when in danger, hesitate?” Perhaps the Fed should also.
If you are worried about inflation, why pay off debts early? How would you like to be holding a 30 year note at 6% with an inflation rate of 17%?
Seldon was the Foundation series. I don't remember that saying from those books. Not my favorite series either....
Glad to see you’re a fan of Mises. I’m afraid his wisdom falls on deaf ears.
Just in case no one thinks we’re in some trouble, a couple of weeks ago, a dear friend attempted to cash in a CD to buy a motor home. It took two weeks to actually get the cash! another-—recently I withdrew a small amount of money from a passbook savings account and recieved a nasty letter from the bank saying I could only make a with drawal twice in a quarter. Yikes! This was a PASS BOOK Savinigs account I use only for emergencies that only pays .70 percent interest!!!
Can’t remember the economist, but recently learned the Fed has now skipped printing all the money. Probably the reason the Ded no longer report M3 money supply. they just add the requisit number of zeros to the computers and now only print five percent of the cash they’re stoking the economy with. Anyone know about that???
What if you have no job due to inflation’s impact?
“...low inflation rate...”
Were you aware the touted inflation rate is only the “core” inflaation rate. Food and energy were taken off the table since they were “too volotile?”
Many of us only spend our money on food and energy. The actual inflation rate is closer to 10-14 percent, or more.
The dollar has lost a third of it’s value in the last three years. That’s really your true inflation rate.
Huh?? I have never heard of such a thing. I have to ask what fine institution did this occur.
Then use the headline rate. That's how the CPI is calculated and it includes food and energy.
Only a goldbug would believe the rate of inflation is really 10-14%.
I could’t transfer money on Saturday, excuse, account is showing up as dormant. Buh By bankie.
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