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Bernanke Says US Inflation Spike Won't Last
CNBC ^ | 04.04.11

Posted on 04/04/2011 9:18:11 PM PDT by Perdogg

A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: bernanke; bho44; economy; fed; inflation; obama
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1 posted on 04/04/2011 9:18:12 PM PDT by Perdogg
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To: Perdogg

2 posted on 04/04/2011 9:19:36 PM PDT by CommieCutter (Promote Liberal Extinction: Support gay marriage and abortion!)
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To: CommieCutter

LOL


3 posted on 04/04/2011 9:20:14 PM PDT by Perdogg (What Would Aqua Buddha do?)
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To: Perdogg
20% unemployment, $5.00 a gallon gas, 20% spike in food prices:

yeah, he is right , he will not have to worry about rising prices beyond this summer.

4 posted on 04/04/2011 9:21:07 PM PDT by NoLibZone (Impeach Obama & try him for treason / Homosexuals reject diversity / Unions finally caught for theft)
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To: Perdogg

BOHICA!


5 posted on 04/04/2011 9:22:09 PM PDT by Army Air Corps (Four fried chickens and a coke)
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To: Perdogg

Did this trick pony once state that there would be no inflation?

How stupid do they think we are?


6 posted on 04/04/2011 9:26:46 PM PDT by LachlanMinnesota (Which are you? A producer, a looter, or a moocher of wealth?)
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To: CommieCutter

Well now. His prediction about the stimulas kickback scheme getting the economy going keeping unemployment at no more than 8% was so amazingly accurate I guess we can all just breath a big sigh of relief.


7 posted on 04/04/2011 9:27:03 PM PDT by Rashputin (Barry is insane., so handlers keep him medicated and on the golf course.)
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To: Perdogg

So, in other words... he’s saying that the pain of inflation will be “contained,” right?

He keeps using that word. I don’t think it means what he thinks it means.


8 posted on 04/04/2011 9:29:57 PM PDT by NVDave
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To: Perdogg
Bernanke Says US Inflation Spike Won't Last

Probably true, some people are saying that it will be two years max before we implode.

9 posted on 04/04/2011 9:30:33 PM PDT by oldbrowser (Blaming the prince of fools shouldn't blind anyone to the vast confederacy of fools that elected him)
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To: Perdogg
Next the fed will say that ipods are diet food and are good for you.JAIL THE FED!
10 posted on 04/04/2011 9:30:44 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: NoLibZone
No one at the Federal level really cares beyond playing politics. They're like a bunch of rats living in the walls and taking your cash to chew up and make themselves nests with. They all have inflation adjustments built into their pay to cushion inflation and you can't fire them when they're not needed. They're insulated from what the rest of us deal with and it's our money they insulate with.
11 posted on 04/04/2011 9:32:16 PM PDT by Rashputin (Barry is insane., so handlers keep him medicated and on the golf course.)
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To: Perdogg

Pure BS!
This is to keep the population quiet until the ultimate goal is reached, namely, the removal of the US Dollar as the “Global Reserve Currency”! Then it will be too late to protect your family, savings, retirement or anything else! Overnight we will be a Third World economic debtor, unable to repay the debt, and totally subservient to Globalist criminals who have been working on this for over 70 years at a minimum.
You can thank the two controlled puppet parties, the concentration of Corporate power, totally corrupt media, and the hidden hand (as exposed in the book “The Franklin Cover-up”) for the total lost of your freedoms and economic future!


12 posted on 04/04/2011 9:33:14 PM PDT by J Edgar
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To: Perdogg

Kinda like how the income tax was temporary?


13 posted on 04/04/2011 9:34:05 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Perdogg

This dipshit somehow missed the housing mortgage bubble yet he confidently predicts inflation (which he also recently said wasn’t happening...) will be a blip...

Yeah, whatever....


14 posted on 04/04/2011 9:36:53 PM PDT by The Magical Mischief Tour (With The Resistance...)
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To: Perdogg

All they have to do is “let” there be another liquidity event like 2008.

Then all the hedge funds and others will unwind there positions. And dump commodities galore.

The real question becomes, how many times can they do that without the dollar falling instead of bouncing up again?

If they DO this, again and again, the confidence will really dry up. Fiat currencies need confidence to work.
We are well on our way to destroying the US dollar.

It has been closing below 76 the last few days.


15 posted on 04/04/2011 9:36:53 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: Perdogg
Inflation, meanwhile, has edged higher. But at 2.1 percent n the year to February, growth in the consumer price index has yet to rise to levels that tend to make Fed officials uncomfortable.

You know, reading this garbage reminds me of reading Pravda 40 years ago.

Although, unlike Bernanke and Co., I don't believe the writers at Pravda actually believed their own propaganda. This bunch is in dire need of Haloperidol (an antipsychotic medication used to treat patients that suffer from delusions, hallucinations, unorganized thought)

16 posted on 04/04/2011 9:37:31 PM PDT by ChildOfThe60s ( If you can remember the 60s....you weren't really there)
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To: Perdogg
[ Bernanke Says US Inflation Spike Won't Last ]

True... soon the prices will be called not a spike..... but normal..

17 posted on 04/04/2011 9:37:51 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole....)
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To: Rashputin

We need to see Bens portfolio and make it public.I bet he’s all in on Asian investments,war materials or metals.


18 posted on 04/04/2011 9:38:08 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: J Edgar

Throw in the Fascist FED too!!!

How long do you think they have to implement their change from US dollars to some NWO currency?


19 posted on 04/04/2011 9:40:04 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: Perdogg

Is he lying now?

Like he’s been lying all along?

Hiding the fact that taxpayer money went to foreign banks without taxpayer’s knowledge, leads me to believe the man is comfortable in lying.

Prove me wrong.

Time to quit paying taxes, huh?

(I heard, tonight, that the movie “Atlas Shrugged” is having a difficult time finding backers that could put the movie into neighborhood theaters....they just don’t want us to know the depth of b*llsh*t we’re in, and the means to take back the country from LOOTERS. Heard this on the Rusty Shackleford....ummm...Rusty Humphrie’s Show.)


20 posted on 04/04/2011 9:40:33 PM PDT by Mortrey (Impeach President Soros)
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To: taxtruth

There had been a rumor in 2008 that Ben had his money in Canadian Treasuries.

Unsubstantiated, of course.


21 posted on 04/04/2011 9:42:39 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: Mortrey

OT

That is a shame. I would like to see that movie.

Maybe they can just go to DVD sales?
What options would they have?


22 posted on 04/04/2011 9:44:35 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: TruthConquers

“How long do you think they have to implement their change from US dollars to some NWO currency?”

One night is my estimate!
Banks will close, new currency will be issued over a few week period, and chaos and riots will issue, with martial law imposed, gold and silver may be confiscated.
It’s already planned, Checkout the Executive Orders that give The Usurper and the Feds total control of every aspect of life in an emergency!


23 posted on 04/04/2011 9:49:54 PM PDT by J Edgar
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To: J Edgar

Let me rephrase that.

When do you think they will do this?

I won’t be surprised that they will let chaos reign for a month or so, hoping that the relief of something being done ( implementing the NWO $$) will blunt the masses from being too mad about it.

The Executive Orders are just the half of it. The ‘regional czars’ that match the FEMA regions, to the Fusion centers, a police state is being put into place. Never mind the TSA goons.


24 posted on 04/04/2011 9:56:05 PM PDT by TruthConquers (.Delendae sunt publicae scholae)
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To: oldbrowser
Bernanke Says US Inflation Spike Won't Last

True. It will be supplanted by a currency collapse...

25 posted on 04/04/2011 10:02:02 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: NVDave

I think he means that his fed is going to raise interest rates....so get stuff paid off if you can...


26 posted on 04/04/2011 10:08:08 PM PDT by cherry
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To: Perdogg

Yeah, the “spike” will become permanent. Thanks Bernak.


27 posted on 04/04/2011 10:12:19 PM PDT by Paladin2
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To: Perdogg
What the article doesn't do a good job of saying is that the current inflation has a lot more to do with oil supply and demand than it does with the Fed's QE2 program.

30 years of a "do nothing" energy policy has left us dependent on foreign oil and very vulnerable to oil price shocks like the one that caused the current economic crisis.

Unfortunately the Federal Reserve will probably take the brunt of the blame for inflation, when a lot of the inflation would have happened if the FED had done nothing.

I suppose at some point alternatives do become cheaper than oil. But I don't know how high oil goes before that becomes true. The inflation caused by the FED's QE2 should indeed be limited and a one time occurrance. The inflation caused by energy, will probably continue, until we get serious about pursuing proven viable sources of energy like nuclear.

28 posted on 04/04/2011 10:19:03 PM PDT by DannyTN
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To: Perdogg

“Bernanke Says US Inflation Spike Won’t Last”

Wait a second, weren’t they telling us just LAST MONTH that there WAS no inflation, we were just dreaming it?

ORWELL LIVES....


29 posted on 04/04/2011 10:28:33 PM PDT by tcrlaf (2012 Slogan: "You'd Have To Be Insane, To Vote For Hussein!")
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To: NoLibZone

Call me a stickler, but I don’t think this is inflation. The price rises we are seeing are the result of shifts in the supply curve of various commodities, not the devaluation of currency.


30 posted on 04/04/2011 10:30:55 PM PDT by dr_lew
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To: dr_lew

If you’re an investor, it’s a supply curve shift. If you’re buying gas at the pump and more for groceries, it’s inflation.


31 posted on 04/04/2011 11:11:09 PM PDT by Thebaddog (Shakey Jake said, " The hippies will never survive!")
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To: Perdogg
Feb. 18, 2011:

"Federal Reserve Chairman Ben Bernanke said the central bank's attempts to restore the credit markets were aiding the economic recovery without stoking inflation"

http://www.reuters.com/news/video?videoId=98951

Today:

"Bernanke Says US Inflation Spike Won't Last"

Tomorrow:

"Bernanke Says Cannibalism 'Not bad grub if you can get it.'"

32 posted on 04/04/2011 11:12:04 PM PDT by Uncle Miltie (0bamanomics: Trickle Up Poverty.)
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To: J Edgar

“Globalist criminals who have been working on this for over 70 years at a minimum.”

Man, they must really be old by now.


33 posted on 04/04/2011 11:51:34 PM PDT by SaxxonWoods (Throw away your papers, blow up your TV...and set yourself free.)
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To: dr_lew
"...supply curve of various commoditiesa"

Yes.

Oil.

34 posted on 04/05/2011 12:18:34 AM PDT by NoLibZone (Impeach Obama & try him for treason / Homosexuals reject diversity / Unions finally caught for theft)
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To: Perdogg; M. Espinola; stephenjohnbanker
Listen to Several Soundbites By The Famous Mr B Here
35 posted on 04/05/2011 1:37:25 AM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
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To: Perdogg

You lie!!!!


36 posted on 04/05/2011 2:05:18 AM PDT by org.whodat
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To: CommieCutter

Perfect!


37 posted on 04/05/2011 2:56:52 AM PDT by MCF
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To: J Edgar

Bernanke is god, don’t you know? He can predict Iran will play nice and the US military will keep trade and... oh, no he cannot. Basicaly that idiot is telling the wife lies about his job prospects while he is losing it long term.

Full Monty for Bernanke soon, clown for clown.


38 posted on 04/05/2011 4:02:48 AM PDT by JudgemAll (Democrates Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: org.whodat

Indeed he lies to cover from previous lies. It’s not statement about current trends but a “gain time” make believe so he can desperately keep his now rotten job.

Rogue trader with a hidden bloat account comes to mind. He is not talking about the real puker factor that will take the institution down.

“Barnacle” the slimey sick scavenger is crawling backwards into his nasty shell of cr’p.


39 posted on 04/05/2011 4:19:50 AM PDT by JudgemAll (Democrates Fed. job-security Whorocracy & hate:hypocrites must be gay like us or be tested/crucified)
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To: Uncle Miltie
Was he lying then or is he lying now? The answer is probably "YES."

He's (overly) optimistic in public to avoid panic but plenty already noticed the inflation. Can't deny it now, just claim it won't last. Walmart's CEO has a more pessimistic view.

This recovery is taking far too long but any uptick makes Obama that much more impervious in 2012.

40 posted on 04/05/2011 4:50:43 AM PDT by newzjunkey (Obama will be president until Fri, Jan 20, 2017.)
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To: Perdogg

This is coming from the same idiot who asserted that there was no INFLATION?! =.=


41 posted on 04/05/2011 4:57:39 AM PDT by cranked
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To: org.whodat

You lie!!!!

That is just what I was thinking.


42 posted on 04/05/2011 5:26:18 AM PDT by 2001convSVT (That Beck guy was right about gold, too.)
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To: dr_lew
"...don’t think this is inflation. The price rises we are seeing..."

Me too.

Most comments on this thread have nothing to do with prices, their pure politics.  The routine here is that the church-of-doom sings a chorus of  "We Got Hyperinflation" and when a newcomer mentions actual prices (you know, like money) the congregation goes wild.

Those of us just watching overall price trends know actual real life inflation dangers are nothing compared to this child like hyperinflation scare.  Like watching libs at a global warming rally.

43 posted on 04/05/2011 5:28:28 AM PDT by expat_panama
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To: Perdogg

Not to worry, they’ll temporarily “fix” it during barry’s campaign.


44 posted on 04/05/2011 5:30:32 AM PDT by jersey117
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To: Perdogg
Man this guy is either world class idiot or in such denial it is unbelievable or my personal favorite - he is making buttloads of money off the inflation curve.
45 posted on 04/05/2011 5:32:38 AM PDT by mad_as_he$$
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To: Perdogg

Such BS. They are already planning the next QE 3, or is it QE 4.


46 posted on 04/05/2011 5:35:51 AM PDT by dforest
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To: ChildOfThe60s
This bunch is in dire need of Haloperidol (an antipsychotic medication used to treat patients that suffer from delusions, hallucinations, unorganized thought)

I'm stealing this fact for my tagline.

47 posted on 04/05/2011 5:40:58 AM PDT by The Theophilus (Obama's Key to win 2012: Ban Haloperidol)
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To: Perdogg

-——saying inflation would probably remain moderate.-———

To eat the debt with compounded moderated inflation, the inflation must be prolonged. It must be global.

International linked currency deflation must occur at a tolerable rate for as long as necessary to absorb the debt imbalance


48 posted on 04/05/2011 5:57:14 AM PDT by bert (K.E. N.P. N.C. D.E. +12 ....( History is a process, not an event ))
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To: bert
"...eat the debt with compounded moderated inflation..."

It's true that price trends affect the impact of the burden of debt, but the idea here is to handle public debt with economic growth, not inflation.  The moderate inflation is only needed for preventing deflation.

49 posted on 04/05/2011 7:26:04 AM PDT by expat_panama
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To: Perdogg

In other news, The Onion, an organization that reports news events in a satirical and cynical vein declared bankruptcy today. The Onion’s chief editor, I. M. Stuned is quoted as saying, “Who can compete in this market with these megamasters of bulls#!t news reporters such as CNBC, CNN, MSNBC, AP, Reuters, and the like? There’s no longer any credible way the reading public can discern between what we use to write in a tongue-in-cheek manner and today’s bizarre reality.”


50 posted on 04/05/2011 7:39:57 AM PDT by OB1kNOb (Solution to Libya's problem: They want a new Muslim leader, I say, give them ours...2 problm solved!)
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