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10:00 am NPR News reports November inflation hit 8/10 percent

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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 09:48 AM
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10:00 am NPR News reports November inflation hit 8/10 percent
...That's the beginning effects of Helicopter Ben Bernanke's inflationary money supply bailouts designed to rescue mortgage banks and hedge fund speculators while hundreds of thousands of homeowners can expect to pay higher monthly payments or be evicted.

If unchecked the inflation now represents double a digit number of ten percent, the cruelest of taxes against savings and the majority of middle income earners, the elderly who live on fixed incomes and the poor.
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pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 10:56 AM
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1. is it stagflation yet?
i a really looking forward to hearing that being denied again. or saying it taint possible.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 11:09 AM
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2. Stagflation occurs when wages end up chasing price increases
...but wages are just never able to close the gap and thus all positive economic indicators begin to fall substantially while unemployment increases at an accelerated rate and the economic output stagnates while prices just keep going in one direction, up! We are very close to that point.
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