and I suspect it didn't *start* with Bush II, but like many things in
this administration, messing with economic statistics has gone on
steroids. I recommend (http://www.shadowstats.com/) Shadow Gov't
Statistics, if you want to compare apples to apples, rather than price
indices that, for example, allow for substitution of cheaper products
that meet the same need (e.g. hamburger for sirloin stakes).
Click on the alternative data link under Alternative Data Sources on
that web page; that'll be quite an eye-opener for you.
--- In Dems2008@yahoogroups.com, "citation502" <citation502@...> wrote:
>
> Mark you have to stop listening to Jim Cramer for your insights on
> the economy; it's hazardous to one's health. The Fed is very
> concerned about inflation, as their minutes and statements
> accompanying rate cuts evidence. BUT they are saying at this point
> that the risks of a major slowdown and the RISKS of a credit meltdown
> outweigh (in the short-run) the risks of inflation.
>
> That is not an implication that inflation is not a problem. That is
> a signal that the concerns with the credit and capital markets, and
> the slowing economy, are SO ENORMOUS that they dwarf the inflation
> concern. Our problem is the likelihood of return to what we
> experienced in the 70s, which went by the name "stag-flation" --
> stagnant growth COUPLED WITH high inflation.
>
> --- In Dems2008@yahoogroups.com, "mmshlevi" <mmshlevi@> wrote:
> >
> > Core inflation rose by 2.4 percent for all of 2007, down slightly
> from
> > a 2.6 percent increase in 2006.
> >
> > These are number from the Federal Reserve -Check them out.
> >
> > This is why the Fed has cut the Discount rate. It would not have if
> > inflation a problem.
> >
> >
> > Martin
> >
> > --- In Dems2008@yahoogroups.com, "citation502" <citation502@> wrote:
> > >
> > > Mark, excuse me, but I won't respond further to your posts. You
> just
> > > make things up.
> > >
> > > --- In Dems2008@yahoogroups.com, "mmshlevi" <mmshlevi@> wrote:
> > > >
> > > > I thought someone would bring up the price of crude oil. Crude
> oil
> > > has
> > > > been rising at double digit rates for over two years.
> > > >
> > > > Guess what? inflation has remained low the entire time. Core
> > > inflation
> > > > has remained at around 2% despite the rise in crude price. The
> > > > inflation fear mongers have all been wrong.
> > > >
> > > > The Fed has validated this because it has lowered interest in
> face
> > > of
> > > > rising oil prices. The Fed would not do this if there was
> inflation.
> > > > Paul Volcker raised interest rates in a recession and inflation
> > > period
> > > > in '79, so don't think it isn't possible.
> > > >
> > > > Martin Levi
> > > >
> > > >
> > > > --- In Dems2008@yahoogroups.com, Citation <citation502@> wrote:
> > > > >
> > > > >
> > > > >
> > > > > The chief near-term impact of a weak dollar is the
> > > > inflation impact. The most-obvious recent example is the price
> of
> > > > crude oil, now bordering on $100 bbl. Crude oil is priced in
> U.S.
> > > > dollars worldwide, and it is not happenstance that the rapid
> descent
> > > > of the dollar in the last year has coincided with crude oil
> running
> > > > from the mid-$60s to near $100. The chart on the dollar is
> almost a
> > > > perfect inversion of the chart on crude oil.
> > > > >
> > > > > Most who follow those markets will agree that perhaps $25-
> 30 in
> > > > the price of a barrel of crude is a direct result of the
> devaluation
> > > > of the U.S.DOLLAR.
> > > > >
> > > > >
http://tinyurl.com/34oxv9
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > >
> > > > > ---------------------------------
> > > > > Never miss a thing. Make Yahoo your homepage.
> > > > >
> > > >
> > >
> >
>
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