GOP and Tea BAggers to force government shutdown
- Thread starter Mission Accomplished
- Start date
Imaginary inflation has been aound every corner for a year. He's hardly the first GOP Fed Chief to make such statements.
A
Agoxlea
Guest
I agree. And while it is certainly possible to have both at the same time, unemployment and inflation tend to have an inverse relationship. There are definitely examples where both are high, but more often than not you get one or the other. I have never been alive when both were outlandishly high, but I would imagine it sucks pretty bad.
What is imaginary inflation?
yeah, it's a foreign concept to most men....
I was, but as I recall, those were good times, though I don't think either factor affected me too much. I do remember long lines at gas stations though, that sort of sucked.
Duck Rodgers
Well-Known Member
Still holding that Silver position?
Yes sir. Laughing all the way to the bank.
Duck Rodgers
Well-Known Member
Good man, good man. After seeing what they did to the guy that created the Liberty Dollar recently, I think taking physical is more justified than ever. The only question is if it should be stored locally where you could potentially spend it or cash out, or somewhere the US government can't confiscate it because if they don't raise rates by hundreds of basis points soon and stop buying the lion's share of treasuries, this train is going to keep rolling.
I bought it from a friend...there is no record of me having it.
There have been predictions of hyperinflation since late 2008. Supposedly it is always just around the corner. Fisher's statement is inflation based, that QE2 has to end in order to stave off inflation. Despite this constant prediction this supposed hyperinflation hasn't materialized. In fact, even moderate inflation hasn't materialized.
2009's core inflation was negative.
2010's core inflation was approximately 1.64%, well below the average and median inflation. (Inflation rates between 2000-2008 averaged about 2.9%).
2011's core inflation for the first three months has been lower than the first three months of 2010. It could click along at 3% every month the rest of the year and still be below the 2000-2008 average.
At the same time, T-Bill yields over the last 3 months are essentially flat. There's virtually no reason why things are now different.
But the strategy seems to be to keep predicting high inflation until it happens and then claim victory at the end while ignoring the 2+ years (and counting) that it's been denied.
That's what I mean by imaginary inflation.
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