Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

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

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 » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 10:48 AM
Original message
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.
Printer Friendly | Permalink |  | Top
pansypoo53219 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 11:56 AM
Response to Original message
1. is it stagflation yet?
i a really looking forward to hearing that being denied again. or saying it taint possible.
Printer Friendly | Permalink |  | Top
 
whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 12:09 PM
Response to Reply #1
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.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Apr 29th 2024, 09:38 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) 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