Inflation rant

[kev374]

This administration is robbing those who have been responsible and saved up for a rainy day and rewarding those that have lived the high life and racked up credit card debt. If this continues, in a few years those that have lived beyond their means will see the relative value of their debt obligations reduced at the expense of the savings of those who have been responsible.

My question is this…do you think in the future there will be a sudden interest rate spike that would be needed to correct the imbalances of today? similar to what Paul Volcker did in the late 70s/80s. Will this spike in interest rates compensate for value erosion of savings occuring today?

What can we do today to protect the value of our savings?

[gandalf]

Kev, man. That is such a good question. Just came up the board the other day.

I used to think there would be big-time inflation. No other way to get out from underneath all the debt that’s been piled up last decade. 10% for 5-10 years or so.

On the other side, inflation causes oil to spike, which depresses activity further, etc. We’re walking a pretty thin tightrope to keep our economy out of a very severe recession, holding an economic meltdown at bay.

Bottom line is I don’t know what’s going to happen anymore.

If inflation becomes the order of the day, you’re exactly right. Speculation is rewarded, and people who worked and saved and built wealth in the value-based economy are penalized. An absurd economic outcome.

[gandalf]

Kev, man. That is such a good question. Just came up the board the other day.

I used to think there would be big-time inflation. No other way to get out from underneath all the debt that’s been piled up last decade. 10% for 5-10 years or so.

On the other side, inflation causes oil to spike, which depresses activity further, etc. We’re walking a pretty thin tightrope to keep our economy out of a very severe recession, holding an economic meltdown at bay.

Bottom line is I don’t know what’s going to happen anymore.

If inflation becomes the order of the day, you’re exactly right. Speculation is rewarded, and people who worked and saved and built wealth in the value-based economy are penalized. An absurd economic outcome.

[gandalf]

Kev, man. That is such a good question. Just came up the board the other day.

I used to think there would be big-time inflation. No other way to get out from underneath all the debt that’s been piled up last decade. 10% for 5-10 years or so.

On the other side, inflation causes oil to spike, which depresses activity further, etc. We’re walking a pretty thin tightrope to keep our economy out of a very severe recession, holding an economic meltdown at bay.

Bottom line is I don’t know what’s going to happen anymore.

If inflation becomes the order of the day, you’re exactly right. Speculation is rewarded, and people who worked and saved and built wealth in the value-based economy are penalized. An absurd economic outcome.

[gandalf]

Kev, man. That is such a good question. Just came up the board the other day.

I used to think there would be big-time inflation. No other way to get out from underneath all the debt that’s been piled up last decade. 10% for 5-10 years or so.

On the other side, inflation causes oil to spike, which depresses activity further, etc. We’re walking a pretty thin tightrope to keep our economy out of a very severe recession, holding an economic meltdown at bay.

Bottom line is I don’t know what’s going to happen anymore.

If inflation becomes the order of the day, you’re exactly right. Speculation is rewarded, and people who worked and saved and built wealth in the value-based economy are penalized. An absurd economic outcome.

[gandalf]

Kev, man. That is such a good question. Just came up the board the other day.

I used to think there would be big-time inflation. No other way to get out from underneath all the debt that’s been piled up last decade. 10% for 5-10 years or so.

On the other side, inflation causes oil to spike, which depresses activity further, etc. We’re walking a pretty thin tightrope to keep our economy out of a very severe recession, holding an economic meltdown at bay.

Bottom line is I don’t know what’s going to happen anymore.

If inflation becomes the order of the day, you’re exactly right. Speculation is rewarded, and people who worked and saved and built wealth in the value-based economy are penalized. An absurd economic outcome.

[capeman]

I believe all of this inflation to be temporary. Incomes are not keeping up and haven’t been in almost a decade and credit is disappearing quicker than banks could ever imagine. Once the foreign economies finally take their dive the dollar will strengthen and deflation will occur. Problem is that credit will be very hard to find and costly and those with cash will be king.

[capeman]

I believe all of this inflation to be temporary. Incomes are not keeping up and haven’t been in almost a decade and credit is disappearing quicker than banks could ever imagine. Once the foreign economies finally take their dive the dollar will strengthen and deflation will occur. Problem is that credit will be very hard to find and costly and those with cash will be king.

[capeman]

I believe all of this inflation to be temporary. Incomes are not keeping up and haven’t been in almost a decade and credit is disappearing quicker than banks could ever imagine. Once the foreign economies finally take their dive the dollar will strengthen and deflation will occur. Problem is that credit will be very hard to find and costly and those with cash will be king.

[capeman]

I believe all of this inflation to be temporary. Incomes are not keeping up and haven’t been in almost a decade and credit is disappearing quicker than banks could ever imagine. Once the foreign economies finally take their dive the dollar will strengthen and deflation will occur. Problem is that credit will be very hard to find and costly and those with cash will be king.

[capeman]

I believe all of this inflation to be temporary. Incomes are not keeping up and haven’t been in almost a decade and credit is disappearing quicker than banks could ever imagine. Once the foreign economies finally take their dive the dollar will strengthen and deflation will occur. Problem is that credit will be very hard to find and costly and those with cash will be king.

[barnaby33]

I believe, I truly believe, testify brother, that inflation as you all are talking it up, is a myth; I believe it as surely as I believe my last sentence was a run-on.

Repeat after me, the Fed does NOT fight inflation with 2% interest rates, period. Never has, never will.

[barnaby33]

I believe, I truly believe, testify brother, that inflation as you all are talking it up, is a myth; I believe it as surely as I believe my last sentence was a run-on.

Repeat after me, the Fed does NOT fight inflation with 2% interest rates, period. Never has, never will.

[barnaby33]

I believe, I truly believe, testify brother, that inflation as you all are talking it up, is a myth; I believe it as surely as I believe my last sentence was a run-on.

Repeat after me, the Fed does NOT fight inflation with 2% interest rates, period. Never has, never will.

[barnaby33]

I believe, I truly believe, testify brother, that inflation as you all are talking it up, is a myth; I believe it as surely as I believe my last sentence was a run-on.

Repeat after me, the Fed does NOT fight inflation with 2% interest rates, period. Never has, never will.

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