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4plexownerParticipant
from Richard Russell’s daily missive today:
“The Bernanke Fed must be thinking about how we are going to cope with that debt. My bet is that we will cope with the debt through the device that the Fed is best at, and that device is steady, systematic inflation. The Fed probably thinks it can move inflation up to about 5% to 6% a year, and at the same time tell the American public that the phoney “core inflation rate” is only 2 to 3% a year. The Fed will use the “frog in the pot” method. Inflation will creep up annually at the rate of 6% a year and the ignorant American public won’t realize that their being silently robbed. “
4plexownerParticipantfrom Richard Russell’s daily missive today:
“The Bernanke Fed must be thinking about how we are going to cope with that debt. My bet is that we will cope with the debt through the device that the Fed is best at, and that device is steady, systematic inflation. The Fed probably thinks it can move inflation up to about 5% to 6% a year, and at the same time tell the American public that the phoney “core inflation rate” is only 2 to 3% a year. The Fed will use the “frog in the pot” method. Inflation will creep up annually at the rate of 6% a year and the ignorant American public won’t realize that their being silently robbed. “
4plexownerParticipantfrom Richard Russell’s daily missive today:
“The Bernanke Fed must be thinking about how we are going to cope with that debt. My bet is that we will cope with the debt through the device that the Fed is best at, and that device is steady, systematic inflation. The Fed probably thinks it can move inflation up to about 5% to 6% a year, and at the same time tell the American public that the phoney “core inflation rate” is only 2 to 3% a year. The Fed will use the “frog in the pot” method. Inflation will creep up annually at the rate of 6% a year and the ignorant American public won’t realize that their being silently robbed. “
4plexownerParticipantfrom Richard Russell’s daily missive today:
“The Bernanke Fed must be thinking about how we are going to cope with that debt. My bet is that we will cope with the debt through the device that the Fed is best at, and that device is steady, systematic inflation. The Fed probably thinks it can move inflation up to about 5% to 6% a year, and at the same time tell the American public that the phoney “core inflation rate” is only 2 to 3% a year. The Fed will use the “frog in the pot” method. Inflation will creep up annually at the rate of 6% a year and the ignorant American public won’t realize that their being silently robbed. “
4plexownerParticipant“Sorry, I don’t care much for pseudoscience”
that’s pretty funny, Eugene
if John William’s recreation of the pre-Clinton era CPI methodology is ‘pseudoscience’, how would you describe hedonic adjustments and substitution? or do you even understand what they are?
4plexownerParticipant“Sorry, I don’t care much for pseudoscience”
that’s pretty funny, Eugene
if John William’s recreation of the pre-Clinton era CPI methodology is ‘pseudoscience’, how would you describe hedonic adjustments and substitution? or do you even understand what they are?
4plexownerParticipant“Sorry, I don’t care much for pseudoscience”
that’s pretty funny, Eugene
if John William’s recreation of the pre-Clinton era CPI methodology is ‘pseudoscience’, how would you describe hedonic adjustments and substitution? or do you even understand what they are?
4plexownerParticipant“Sorry, I don’t care much for pseudoscience”
that’s pretty funny, Eugene
if John William’s recreation of the pre-Clinton era CPI methodology is ‘pseudoscience’, how would you describe hedonic adjustments and substitution? or do you even understand what they are?
4plexownerParticipant“Sorry, I don’t care much for pseudoscience”
that’s pretty funny, Eugene
if John William’s recreation of the pre-Clinton era CPI methodology is ‘pseudoscience’, how would you describe hedonic adjustments and substitution? or do you even understand what they are?
4plexownerParticipant‘Before we condemn average people for making a “poor economic decision”, remember that the drum to buy, with the messaging that “housing will never go down”, because “it never does”, and “if you don’t buy now, you’ll be priced out forever” was beating loudly for several years. Banks, realtors, and the Corporate Media all colluded to fool the public.’
there were MANY people who weren’t fooled by any of this – why should they suffer because of the fools?
there were even those of us who tried to talk some sense into these fools and, for our efforts, were called ‘doom and gloomers’, ‘conspiracy theorists’, etc – we were also told that we didn’t know what we were talking about, that it was ‘different this time’, etc
and now we are supposed to roll over and wet ourselves while the fools get bailed out with our tax money?
4plexownerParticipant‘Before we condemn average people for making a “poor economic decision”, remember that the drum to buy, with the messaging that “housing will never go down”, because “it never does”, and “if you don’t buy now, you’ll be priced out forever” was beating loudly for several years. Banks, realtors, and the Corporate Media all colluded to fool the public.’
there were MANY people who weren’t fooled by any of this – why should they suffer because of the fools?
there were even those of us who tried to talk some sense into these fools and, for our efforts, were called ‘doom and gloomers’, ‘conspiracy theorists’, etc – we were also told that we didn’t know what we were talking about, that it was ‘different this time’, etc
and now we are supposed to roll over and wet ourselves while the fools get bailed out with our tax money?
4plexownerParticipant‘Before we condemn average people for making a “poor economic decision”, remember that the drum to buy, with the messaging that “housing will never go down”, because “it never does”, and “if you don’t buy now, you’ll be priced out forever” was beating loudly for several years. Banks, realtors, and the Corporate Media all colluded to fool the public.’
there were MANY people who weren’t fooled by any of this – why should they suffer because of the fools?
there were even those of us who tried to talk some sense into these fools and, for our efforts, were called ‘doom and gloomers’, ‘conspiracy theorists’, etc – we were also told that we didn’t know what we were talking about, that it was ‘different this time’, etc
and now we are supposed to roll over and wet ourselves while the fools get bailed out with our tax money?
4plexownerParticipant‘Before we condemn average people for making a “poor economic decision”, remember that the drum to buy, with the messaging that “housing will never go down”, because “it never does”, and “if you don’t buy now, you’ll be priced out forever” was beating loudly for several years. Banks, realtors, and the Corporate Media all colluded to fool the public.’
there were MANY people who weren’t fooled by any of this – why should they suffer because of the fools?
there were even those of us who tried to talk some sense into these fools and, for our efforts, were called ‘doom and gloomers’, ‘conspiracy theorists’, etc – we were also told that we didn’t know what we were talking about, that it was ‘different this time’, etc
and now we are supposed to roll over and wet ourselves while the fools get bailed out with our tax money?
4plexownerParticipant‘Before we condemn average people for making a “poor economic decision”, remember that the drum to buy, with the messaging that “housing will never go down”, because “it never does”, and “if you don’t buy now, you’ll be priced out forever” was beating loudly for several years. Banks, realtors, and the Corporate Media all colluded to fool the public.’
there were MANY people who weren’t fooled by any of this – why should they suffer because of the fools?
there were even those of us who tried to talk some sense into these fools and, for our efforts, were called ‘doom and gloomers’, ‘conspiracy theorists’, etc – we were also told that we didn’t know what we were talking about, that it was ‘different this time’, etc
and now we are supposed to roll over and wet ourselves while the fools get bailed out with our tax money?
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