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Inflation rises 2% in March (18.7% for food and fuel)

Discussion in 'Economics and Financials' started by padre31, May 3, 2010.

  1. padre31

    padre31 Premium Member Luxury Box

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    inching to 100k posts
    http://www.breitbart.com/article.php?id=CNG.f4ca4a183df2102e9ad9338f1c9b7c75.171&show_article=1

    Most will see this and say "ho-hum" those who know a touch about Economics know this is merely the beginning of what is about to happen in the US Economy, the Fed is forced to keep interest rates low as the article mentions, however the Spending has already happened and Jobs have not been created, meaning the rates will remain low.

    Which will cause a sort of Catch-22 spiral, cannot find a job, prices increase to the point once a job is found Wages will have not only lost ground to Inflation, but there is no upwards pressure on Wages meaning one's spendable income pie will grow smaller and smaller as Inflation corrodes the value of the money one is paid with...which is what happened under the Carter Administration.
     
    Ludacris likes this.
  2. Stringer Bell

    Stringer Bell Post Hard, Post Often Club Member

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    Yet the 10 yr rate has gone down to 3.69%
     
  3. Zach13

    Zach13 Season Ticket Holder

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    Welcome back Carter!
     
  4. 2socks

    2socks Rebuilding Since 1973

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    Atlanta
    keep spending....maybe we could reach 5% inflation a month

    Now that would be change you can count on!!!!!!
     

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