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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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