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#1
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economist blames wall street for collapse
On 09/05/2010 12:46 PM, bpuharic wrote:
On Sun, 09 May 2010 13:28:59 -0400, wrote: On Sun, 09 May 2010 12:42:16 -0400, wrote: by the way...what's the rate of inflation nowadays? oh. there isn't any. Bought any oil based products lately? (everything is oil based) There is certainly inflation going on. The fed is just ignoring it and borrowing to hide it by printing money. really? got any proof? or is the only proof you need listening to limballs? Not that you want to see, but with unemployment going 9.7 to 9.9 and GDP is reputed to be growing, it has historically been a 100% hit rate on pending inflation. Read some good books. Not the kenesian BS, some good books with lots of straight up historical real events and discussions. Like the one that says a recession/depression is coming when real interest rates on savings goes below real unadjusted inflation. And discussions on why bonds go down near the end. Right now, if you are into loaning money in CDs, t-bills, or whatever, good time to get the frack out. Interest rates have only one way to go and it isn't down. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
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#2
posted to rec.boats
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economist blames wall street for collapse
On Sun, 09 May 2010 17:21:05 -0600, Canuck57
wrote: On 09/05/2010 12:46 PM, bpuharic wrote: On Sun, 09 May 2010 13:28:59 -0400, wrote: really? got any proof? or is the only proof you need listening to limballs? Not that you want to see, but with unemployment going 9.7 to 9.9 and GDP is reputed to be growing, it has historically been a 100% hit rate on pending inflation. fine. when it hits you be sure and let me know, OK? the reason inflation hasn't been rising is that the rich have been screwing the living **** out of the middle class for the last 10 years and ensuring we live paycheck to paycheck Read some good books. Not the kenesian BS, sorry sport. i did my grad work reading rudiger dornbusch of MIT. i now read simon johnson, of MIT, joseph stiglitz, nobel prize winner, paul krugman, of princeton, nobel prize winner, nouriel roubini of NYU who predicted the crash, herbert simon who taught at the university where i spent my freshman year...and who won the nobel prize... you? you listen to limballs and keynesianism? gaining a WHOLE LOT of respect among conservatives since friedman has been shown to be full of bull**** some good books with lots of straight up historical real events and discussions. Like the one that says a recession/depression is coming when real interest rates on savings goes below real unadjusted inflation. gee. the rich have engineered this by stealing middle class 401K's, destroying pensions, trying to stave off middle class health insurance, etc all teh while ensuring they get protected for ****ing up the economy And discussions on why bonds go down near the end. Right now, if you are into loaning money in CDs, t-bills, or whatever, good time to get the frack out. Interest rates have only one way to go and it isn't down. depends on how the rich think they can screw the middle class again |
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