tag:blogger.com,1999:blog-11719208.post3792264277341676501..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Inflation rises to 5.6 percent, highest in 17 yearsTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11719208.post-33023830387704338292008-08-17T14:11:00.000-07:002008-08-17T14:11:00.000-07:00There is no such thing as "core inflation"----I do...There is no such thing as "core inflation"----I don't know of a single person who doesn't buy food and energy every single month. It's just another lie to make people think inflation isn't as bad as it really is.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-81367275989650256092008-08-15T09:40:00.000-07:002008-08-15T09:40:00.000-07:00After the most recent inflation report the real fe...After the most recent inflation report the real federal funds interest rate is now -3.6%. That is EXTREMELY inflationary. Look back to the 1970's for that type of number. Dangerous experiment the fed is undertaking here! <BR/> http://www.investmenttools.com/thestate/short_rates_minus_inflation_rate.htmAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-34800047809401833152008-08-14T17:00:00.000-07:002008-08-14T17:00:00.000-07:00I wish I could have thirty seconds at a news confe...I wish I could have thirty seconds at a news conference to ask the Secretary of the Treasury,<BR/><BR/>"Please name one monthly or more often bought consumer item, that increased less than six per cent in price during 2007".staghoundshttps://www.blogger.com/profile/05976667812875074135noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-29724994546453915632008-08-14T14:18:00.000-07:002008-08-14T14:18:00.000-07:00Inflation and deflation have become hopelessly con...Inflation and deflation have become hopelessly confused because of the way prices are measured (see <A HREF="http://themessthatgreenspanmade.blogspot.com/2008/08/complete-and-utter-failure-of-owners.html" REL="nofollow">The complete and utter failure of owners' equivalent rent</A><BR/>The period after the Olympics is critical in China because if there is a steep drop off in demand, much of the "global growth" story will be discredited. They are, however, in a unique position of having trillions of dollars just sitting there, waiting to "stimulate" their economy if need be.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-69406971112951569792008-08-14T13:22:00.000-07:002008-08-14T13:22:00.000-07:00Stagflation - I remember talking with you about it...Stagflation - I remember talking with you about it at Ter way back in 2004. At that time when the seeds of Stagflation were being planted, people did not "get it". I also thought that at some point we would get deflation due to demand destruction. Do you think we are at that point? Most people today think China can pull the world along, but you warned me back then about what could happen after the olympics. Whats your thoughts today about China?<BR/><BR/>EUAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-79716576766292697592008-08-14T11:23:00.000-07:002008-08-14T11:23:00.000-07:00And yet those real things that are supposed to be ...And yet those real things that are supposed to be hedges against inflation are getting hammered again. I guess the trade is that the fed HAS to raise rates to combat inflation and that in turn will initiate a selloff in real things.Anonymousnoreply@blogger.com