You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #50: Nonsense. CPI is nowhere near 5% with or without food/energy. [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
banned from Kos Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-16-11 09:41 PM
Response to Reply #49
50. Nonsense. CPI is nowhere near 5% with or without food/energy.
Since QE began in 2008 food/energy prices have fallen.

Crude was $147/bbl in 2008 and is now $86. You cannot back that outrageous claim up.
Printer Friendly | Permalink |  | Top
 
  -Matt Taibbi has jumped the shark with his support of Rick Perry/Teabaggers banned from Kos  Aug-16-11 07:12 PM   #0 
  - A case of hysteria. Nt  xchrom   Aug-16-11 07:17 PM   #1 
  - I like Taibbi, but like everyone, he looks at issues through his  gateley   Aug-16-11 07:19 PM   #2 
  - Is this the problem?  CelticThunder   Aug-16-11 07:20 PM   #3 
  - QE is not "surrendering to Wall Street"! In fact QE lowers bond yields and  banned from Kos   Aug-16-11 07:25 PM   #6 
     - Sorry, but you're the one talking nonsense here.  girl gone mad   Aug-16-11 07:40 PM   #13 
     - Yes, we are in a massive deleveraging phase - thus we need more QE!  banned from Kos   Aug-16-11 07:51 PM   #20 
        - Right. It failed twice in the US, multiple times in Japan, so by all means..  girl gone mad   Aug-16-11 08:32 PM   #35 
           - New Deal 2.0 economist agrees with you:  amborin   Aug-16-11 09:16 PM   #46 
     - If QE lowered Wall Street's profit even a little bit, there would not  Fool Count   Aug-17-11 04:55 AM   #80 
  - I'm not for it either as a stimulus and tax substitute, but we have  mmonk   Aug-16-11 07:22 PM   #4 
  - Unrec for misleading OP. Matt is right and he's NOT supporting teabaggers.  EFerrari   Aug-16-11 07:24 PM   #5 
  - delete  joshcryer   Aug-16-11 08:06 PM   #27 
  - Agree...but the "Throw Another One Under the Bus" Crowd...is all over it.  KoKo   Aug-16-11 09:43 PM   #51 
     - I love ignore..  EFerrari   Aug-16-11 09:52 PM   #53 
  - By calling Perry a lunatic? That's Taibbi "supporting" him?  Zenlitened   Aug-16-11 07:25 PM   #7 
  - In the article, Taibbi refers to Perry as a "uniquely thuggish" "Texi-creep"  SteppingRazor   Aug-16-11 07:25 PM   #8 
  - Taibbi is right.  girl gone mad   Aug-16-11 07:28 PM   #9 
  - Taibbi is only right from a dollar hawk goldbug perspective  banned from Kos   Aug-16-11 07:33 PM   #10 
     - Duh. QE2 ended in April.  girl gone mad   Aug-16-11 07:50 PM   #19 
     - Really? Do you understand the difference between the stock of bonds held by the fed, and the flow  BzaDem   Aug-16-11 07:59 PM   #24 
        - Your puzzle is missing some pieces  girl gone mad   Aug-16-11 08:25 PM   #33 
           - Exactly how does QE increase bank liquidity?  banned from Kos   Aug-16-11 08:37 PM   #38 
           - It's right in Koo's piece..  girl gone mad   Aug-17-11 12:52 AM   #55 
           - I was responding to your "QE2 ended" quip. Now you changed the argument. The fact that QE2 ended  BzaDem   Aug-16-11 08:52 PM   #40 
              - You're still missing the point.  girl gone mad   Aug-17-11 12:55 AM   #56 
                 - I'm not the one missing the point. Whatever demand was created by QE did NOT stop just because the  BzaDem   Aug-17-11 01:08 AM   #58 
                    - Get your head out of the textbooks once in a while.  girl gone mad   Aug-17-11 01:24 AM   #63 
                    - They STILL have to look for returns elsewhere, because the cash from the Bernanke put is STILL in  BzaDem   Aug-17-11 01:39 AM   #64 
                       - Again, no net cash was added to the economy..  girl gone mad   Aug-17-11 01:57 AM   #68 
                          - Now you are making a different argument: that the FUTURE Fed sale of treasuries is lowering oil  BzaDem   Aug-17-11 02:02 AM   #69 
                             - My argument has been consistent.  girl gone mad   Aug-17-11 02:13 AM   #72 
                                - Then you are back to your math error. QE2 for all intents and purposes has not ended, since the Fed  BzaDem   Aug-17-11 02:19 AM   #73 
                                   - The stimulus involved the active purchase of Treasuries..  girl gone mad   Aug-17-11 02:32 AM   #77 
                                      - Monetary stimulus usually refers to amounts -- not rates at which the amounts are changing. But  BzaDem   Aug-17-11 02:35 AM   #78 
                                         - It's not at all clear to me what point you are trying to make here.  girl gone mad   Aug-17-11 04:06 AM   #79 
                                            - This is the critical point: why should we care about the flows?  BzaDem   Aug-17-11 05:00 AM   #81 
                                               - Again, the Bernanke Put is what fueled demand for higher risk assets.  girl gone mad   Aug-17-11 05:36 AM   #83 
                                               - Because they have to put it into something?  BzaDem   Aug-17-11 05:46 AM   #85 
                                               - The Fed is no longer purchaser of first resort..  girl gone mad   Aug-17-11 06:16 AM   #86 
                                               - Sure, I agree that the economy looks weak and therefore they will (independently of QE) take that  BzaDem   Aug-17-11 07:16 AM   #89 
                                               - The Fed is still holding the Treasuries they purchased, but..  girl gone mad   Aug-17-11 02:01 PM   #91 
                    - Just to also correct some of what you are saying here..  girl gone mad   Aug-17-11 01:45 AM   #66 
                       - You are absolutely correct here. But you are completely wrong with respect to the effects of QE  BzaDem   Aug-17-11 01:53 AM   #67 
                          - This is hyperbole.  girl gone mad   Aug-17-11 02:05 AM   #70 
                             - I think the problem is that you are claiming that the Fed started to "withdraw stimulus in April,"  BzaDem   Aug-17-11 02:13 AM   #71 
                                - What changed was the market's expectation..  girl gone mad   Aug-17-11 02:28 AM   #74 
                                   - You are still saying that investors WERE forced to seek returns elsewhere, as if that is past tense.  BzaDem   Aug-17-11 02:32 AM   #76 
     - pick and choose much? what about gold? and who does your food shopping?  Gabi Hayes   Aug-16-11 07:52 PM   #21 
        - Garbage! You say soy and wheat production are down 8-10%  banned from Kos   Aug-16-11 08:07 PM   #28 
           - Where does demand enter into your equation?  girl gone mad   Aug-16-11 08:36 PM   #37 
  - Unrec for false title  sabrina 1   Aug-16-11 07:37 PM   #11 
  - And once again, we have a convergence of the far left and far right. Taibbi's piece is nonsense.  BzaDem   Aug-16-11 07:38 PM   #12 
  - Or maybe Taibbi actually does know what he's talking about..  girl gone mad   Aug-16-11 08:02 PM   #25 
  - Not really.  BzaDem   Aug-16-11 09:05 PM   #43 
     - Where do you get the idea that Taibbi's reading MMT blogs?  girl gone mad   Aug-17-11 01:10 AM   #60 
  - Well, you've said a lot in your comment, but you have not shown  sabrina 1   Aug-16-11 08:09 PM   #30 
  - Taibbi, who has no experience in Economics, is attacking the messengers of Krugman and Diamond and  BzaDem   Aug-16-11 09:07 PM   #44 
     - Not being a bishop in the Church of Economics is one requirement toward actually telling the truth.  JackRiddler   Aug-18-11 03:58 PM   #101 
  - thank you. The fact Taibbi is quoting far-right ZeroHedge is troubling  banned from Kos   Aug-16-11 08:10 PM   #31 
     - Taibbi's a 'grifter'???  Mimosa   Aug-17-11 01:17 AM   #62 
  - I agree. As a matter of fact, I looked up the thief that stole a bunch of stuff  jtuck004   Aug-16-11 07:40 PM   #14 
  - Unrec for use of "jumped the shark".  Luminous Animal   Aug-16-11 07:45 PM   #15 
  - Unrec for misleading headline.  blkmusclmachine   Aug-16-11 07:47 PM   #16 
  - Let everyone be warned.  trumad   Aug-16-11 07:48 PM   #17 
  - thanks. not much of a surprise, considering the wildly misleading assertions  Gabi Hayes   Aug-16-11 07:56 PM   #22 
  - Yep. n/t  Marr   Aug-16-11 08:31 PM   #34 
  - Why Would The Banks Lend the Money Out?  Yavin4   Aug-16-11 07:49 PM   #18 
  - Democrats who support trickle down socialism which does nothing but  dameocrat67   Aug-16-11 07:56 PM   #23 
  - This thread totally sucks.  Shagbark Hickory   Aug-16-11 08:04 PM   #26 
  - Derp.  WilliamPitt   Aug-16-11 08:09 PM   #29 
  - The problem isn't the supply it is that the spigot was cut off at a high level  underpants   Aug-16-11 08:21 PM   #32 
  - False title as usual  Bluebear   Aug-16-11 08:34 PM   #36 
  - I don't read Taibbi for financial insights  Canuckistanian   Aug-16-11 08:42 PM   #39 
  - Not this loyalist. Love my Taibbi  Autumn   Aug-16-11 08:54 PM   #41 
  - Support is shown by calling Perry a creep and lunatic?  JVS   Aug-16-11 09:04 PM   #42 
  - Taibbi supports their POLICY of monetary tightening and lack of  banned from Kos   Aug-16-11 09:10 PM   #45 
  - Manchester Guardian: "quantitative easing good for the rich, bad for the poor"  amborin   Aug-16-11 09:20 PM   #47 
  - Paul Krugman "We need $8-10 trillion of QE"  banned from Kos   Aug-16-11 09:28 PM   #48 
  - Printing more money means higher inflation and a lower dollar value.  MadHound   Aug-16-11 09:35 PM   #49 
  - Nonsense. CPI is nowhere near 5% with or without food/energy.  banned from Kos   Aug-16-11 09:41 PM   #50 
     - Food/energy prices have fallen?  MadHound   Aug-16-11 09:48 PM   #52 
        - You know, solar flares have been increasing lately. But I am not going to blame that on the Fed.  BzaDem   Aug-17-11 12:10 AM   #54 
           - If I measure inflation in a way that accounts for any number of variables,  MadHound   Aug-17-11 06:22 AM   #87 
  - "handing it to the corrupt financial sector" is whats wrong  grahamhgreen   Aug-17-11 01:05 AM   #57 
  - That's what I read, too.  SusanaMontana41   Aug-17-11 01:12 AM   #61 
  - I don't think he's against stimulus. He's against corporate welfare.  SusanaMontana41   Aug-17-11 01:08 AM   #59 
  - Exactly. The misleading title of this thread is a disgrace. More trillions to bankers...  JackRiddler   Aug-17-11 02:32 AM   #75 
     - That is a total lie. QE was a purchase of GSE debt and Treasuries  banned from Kos   Aug-17-11 02:09 PM   #92 
        - Whoo-boy!  Iggo   Aug-17-11 02:13 PM   #94 
        - You fail to acknowledge..  girl gone mad   Aug-17-11 08:32 PM   #96 
           - Also, a minimum of $30 billion in commissions to the primary dealers.  JackRiddler   Aug-18-11 03:52 PM   #99 
              - $30 billion? Five percent of QE2? source that please.  banned from Kos   Aug-18-11 03:57 PM   #100 
              - Not to mention that the Fed now pays interest on those excess cash reserves..  girl gone mad   Aug-18-11 05:56 PM   #103 
                 - It's hilarious, isn't it?  JackRiddler   Aug-18-11 06:32 PM   #104 
                 - .25%? Not a big deal - although it should be none at all.  banned from Kos   Aug-18-11 06:43 PM   #105 
  - I think he jumped the shark with 911, but reading the article I don't see support for Perry  jakeXT   Aug-17-11 01:41 AM   #65 
  - you're spinning. why?  indurancevile   Aug-17-11 05:19 AM   #82 
  - I kind of disagree with Taibbi  sfpcjock   Aug-17-11 05:44 AM   #84 
  - I don't understand what's wrong with that statement about printing 2 trillion dollars.  Vinca   Aug-17-11 06:29 AM   #88 
  - If you don't even know the difference between a fiscal stimulus and a monetary infusion to the banks  JackRiddler   Aug-17-11 01:49 PM   #90 
  - You're trying too hard.  Iggo   Aug-17-11 02:09 PM   #93 
  - !  Bluebear   Aug-18-11 02:32 PM   #98 
  - Dana Houle... Is That You ???  WillyT   Aug-17-11 08:18 PM   #95 
  - Reject for slander, falsehood etc  Bluenorthwest   Aug-17-11 08:51 PM   #97 
  - This thread title is disingenuous, to say the least.  marmar   Aug-18-11 03:59 PM   #102 
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC