[Dems2008] Re: Falling dollar >> inflation (e.g. crude oil]

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.
> > >
> >
>

Yahoo! Groups Links

<*> To visit your group on the web, go to:

http://groups.yahoo.com/group/Dems2008/

<*> Your email settings:
Individual Email | Traditional

<*> To change settings online go to:

http://groups.yahoo.com/group/Dems2008/join

(Yahoo! ID required)

<*> To change settings via email:
mailto:Dems2008-digest@yahoogroups.com
mailto:Dems2008-fullfeatured@yahoogroups.com

<*> To unsubscribe from this group, send an email to:
Dems2008-unsubscribe@yahoogroups.com

<*> Your use of Yahoo! Groups is subject to:

http://docs.yahoo.com/info/terms/