But, since the core rate was was relatively low (2.6%), it gave the
Fed the leeway to cut rates.
Inflation has been mitigated by high gas prices. this is because the
consumer has less disposable income and can buy less goods. This
creates a downward pressure on consumer good prices (less demand =
lower prices). Also, the housing slump has dampened consumer spending.
Martin
--- In Dems2008@yahoogroups.com, "citation502" <citation502@...> wrote:
>
>
> "core" inflation EXCLUDES food and energy, and might be an accurate
> measure if we did not eat or consume energy. It ignores for example the
> rise in gasoline, heating oil, wheat, corn, milk, etc., etc. We don't
> LIVE core inflation; we live actual inflation; and hence the Fed itself
> has stopped using core as it measurement.
>
>
>
> --- 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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