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Arraya.
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February 23, 2008 at 12:22 PM #11904February 23, 2008 at 12:51 PM #158302
JWM in SD
ParticipantJWM in SD
The Fed is “…flirting with Inflation” because Bernanke is desparately trying to stave off a rapid descent into a vicious deflationary spiral. All he can do is slow it down though because the fuse was lit 12 months ago when Merrill Lynch brought down New Century by calling bullshit on the loans they were selling to them.
February 23, 2008 at 12:51 PM #158595ParticipantJWM in SD
The Fed is “…flirting with Inflation” because Bernanke is desparately trying to stave off a rapid descent into a vicious deflationary spiral. All he can do is slow it down though because the fuse was lit 12 months ago when Merrill Lynch brought down New Century by calling bullshit on the loans they were selling to them.
February 23, 2008 at 12:51 PM #158604ParticipantJWM in SD
The Fed is “…flirting with Inflation” because Bernanke is desparately trying to stave off a rapid descent into a vicious deflationary spiral. All he can do is slow it down though because the fuse was lit 12 months ago when Merrill Lynch brought down New Century by calling bullshit on the loans they were selling to them.
February 23, 2008 at 12:51 PM #158612ParticipantJWM in SD
The Fed is “…flirting with Inflation” because Bernanke is desparately trying to stave off a rapid descent into a vicious deflationary spiral. All he can do is slow it down though because the fuse was lit 12 months ago when Merrill Lynch brought down New Century by calling bullshit on the loans they were selling to them.
February 23, 2008 at 12:51 PM #158686ParticipantJWM in SD
The Fed is “…flirting with Inflation” because Bernanke is desparately trying to stave off a rapid descent into a vicious deflationary spiral. All he can do is slow it down though because the fuse was lit 12 months ago when Merrill Lynch brought down New Century by calling bullshit on the loans they were selling to them.
February 23, 2008 at 1:26 PM #158322kewp
ParticipantSure seems that way given the M3 reconstruction data:
http://www.shadowstats.com/alternate_data
Look at where gold and oil are going as well. My own personal experience is that just about everything is getting more expensive; heck every restaurant has white-out over the prices on the menu.
February 23, 2008 at 1:26 PM #158616ParticipantSure seems that way given the M3 reconstruction data:
http://www.shadowstats.com/alternate_data
Look at where gold and oil are going as well. My own personal experience is that just about everything is getting more expensive; heck every restaurant has white-out over the prices on the menu.
February 23, 2008 at 1:26 PM #158624ParticipantSure seems that way given the M3 reconstruction data:
http://www.shadowstats.com/alternate_data
Look at where gold and oil are going as well. My own personal experience is that just about everything is getting more expensive; heck every restaurant has white-out over the prices on the menu.
February 23, 2008 at 1:26 PM #158632ParticipantSure seems that way given the M3 reconstruction data:
http://www.shadowstats.com/alternate_data
Look at where gold and oil are going as well. My own personal experience is that just about everything is getting more expensive; heck every restaurant has white-out over the prices on the menu.
February 23, 2008 at 1:26 PM #158706ParticipantSure seems that way given the M3 reconstruction data:
http://www.shadowstats.com/alternate_data
Look at where gold and oil are going as well. My own personal experience is that just about everything is getting more expensive; heck every restaurant has white-out over the prices on the menu.
February 23, 2008 at 5:46 PM #158553Eugene
ParticipantMy take (sorry for being repetitive)
* U.S. is not Zimbabwe
* “Schiff says it’s because the Fed is printing more money than Exxon Mobil” – not only BS but easily disprovable BS – just look at our monetary base. M2 and M3 reflect numerous other economic processes beyond the actual “printing”.
* In todays economic environment, allowing (monetary) inflation to get out of control would be suicidal (all housing problems we had so far, times ten).
* Gold is a bubble. All metals are bubbles. All grains are bubbles. Every commodity that can be cheaply stored for extended periods of time is a bubble. They are bubbles because people read too much Schiff and decide to put their money into commodity futures. (often indirectly via commodity ETFs)
* One exception is oil which may or may not be a bubble. (see “peak oil” theory)
* The only reason we see (price) inflation is because of appreciating oil and bubbles in various commodities.February 23, 2008 at 5:46 PM #158843ParticipantMy take (sorry for being repetitive)
* U.S. is not Zimbabwe
* “Schiff says it’s because the Fed is printing more money than Exxon Mobil” – not only BS but easily disprovable BS – just look at our monetary base. M2 and M3 reflect numerous other economic processes beyond the actual “printing”.
* In todays economic environment, allowing (monetary) inflation to get out of control would be suicidal (all housing problems we had so far, times ten).
* Gold is a bubble. All metals are bubbles. All grains are bubbles. Every commodity that can be cheaply stored for extended periods of time is a bubble. They are bubbles because people read too much Schiff and decide to put their money into commodity futures. (often indirectly via commodity ETFs)
* One exception is oil which may or may not be a bubble. (see “peak oil” theory)
* The only reason we see (price) inflation is because of appreciating oil and bubbles in various commodities.February 23, 2008 at 5:46 PM #158854ParticipantMy take (sorry for being repetitive)
* U.S. is not Zimbabwe
* “Schiff says it’s because the Fed is printing more money than Exxon Mobil” – not only BS but easily disprovable BS – just look at our monetary base. M2 and M3 reflect numerous other economic processes beyond the actual “printing”.
* In todays economic environment, allowing (monetary) inflation to get out of control would be suicidal (all housing problems we had so far, times ten).
* Gold is a bubble. All metals are bubbles. All grains are bubbles. Every commodity that can be cheaply stored for extended periods of time is a bubble. They are bubbles because people read too much Schiff and decide to put their money into commodity futures. (often indirectly via commodity ETFs)
* One exception is oil which may or may not be a bubble. (see “peak oil” theory)
* The only reason we see (price) inflation is because of appreciating oil and bubbles in various commodities.February 23, 2008 at 5:46 PM #158865ParticipantMy take (sorry for being repetitive)
* U.S. is not Zimbabwe
* “Schiff says it’s because the Fed is printing more money than Exxon Mobil” – not only BS but easily disprovable BS – just look at our monetary base. M2 and M3 reflect numerous other economic processes beyond the actual “printing”.
* In todays economic environment, allowing (monetary) inflation to get out of control would be suicidal (all housing problems we had so far, times ten).
* Gold is a bubble. All metals are bubbles. All grains are bubbles. Every commodity that can be cheaply stored for extended periods of time is a bubble. They are bubbles because people read too much Schiff and decide to put their money into commodity futures. (often indirectly via commodity ETFs)
* One exception is oil which may or may not be a bubble. (see “peak oil” theory)
* The only reason we see (price) inflation is because of appreciating oil and bubbles in various commodities. -
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