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AR15.COM
3/16/2008 9:55:22 AM EDT
From an article posted in another thread:


My Money
Friday, Mar. 14 2008
Uptick
Big Bear Scare Swallows Wall Street; Dow Dives 194 Points

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Ahead of the Bear news it appeared the market was poised to open higher. Traders breathed a sigh of relief on the release of the most tame inflation data in six months -- a signal the Fed could be free to cut interest rates next week. The Department of Labor reported CPI was unchanged in February. Also, core CPI, which excludes volatile food and energy prices, came in unchanged -- lower than the 0.2% increase the market had been expecting.

“This is a great reading…Quite frankly, I’m a little incredulous  (Editorial by David0858 - So am I) but whatever the source, we will take good news right now,” John Ryding, chief U.S. economist at Bear Stearns told FOX Business this morning prior to the bailout news.

The CPI report is a rare bright spot for an economy that has dramatically slowed down and is feared to be entering a recession. It was surprising because inflation had been on a steady march upward until this report, as oil prices have soared to over $110 a barrel and prices for everything from wheat to gold have risen dramatically.

The importance is twofold: First, inflation holding steady means consumers didn’t feel an increase in pressure from prices for goods. Consumer spending, which makes up two-thirds of the nation’s economy, has slowed considerably in recent months as individuals deal with tumbling home values, high energy costs and the ongoing credit crunch.


Inflation not up???? Are we talking about the same country???? Does anybody believe this??

Except for some electronics items (and with the fall of the dollar, I think we will see an increase of these, sooner or later), I can't think hardly anything that hasn't increased pretty sharply in peoples day to day living.
3/16/2008 10:01:16 AM EDT
[#1]

Quoted:
Does anybody believe this??


Inflation is not up, and if it actually is up the government will just take those numbers out of the calculation so it won't be up.

Nothing to see here.
3/16/2008 10:02:54 AM EDT
[#2]
Go watch Jerico or American Idol.
3/16/2008 10:05:58 AM EDT
[#3]
I've been noticing rising inflation for the last 2-3 years.  For the longest time in the 90's, prices stayed put.  Then I started seeing mark-ups on fast food every few months.  A dime more her and there.  I noticed the same thing when I was a little kid in the 70's, the prices of the things I bought were always going up.

The cafeteria at work was recently remodeled and the price of almost everything went up.
3/16/2008 10:15:54 AM EDT
[#4]

Quoted:

Quoted:
Does anybody believe this??


Inflation is not up, and if it actually is up the government will just take those numbers out of the calculation so it won't be up.

Nothing to see here.

You know, the funny thing is - with me at least - I trust the gooberment more than I trust the privately owned or corporate media. Now, that's scary because neither are trustworthy. So, where does one turn to get straight, unembellished facts on matters of importance? I don't know that any such source has ever existed in the history of the world, but if anyone finds one, let me know.