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Can't Find Any Inflation? Here's A Place To Start
Lately, there has been much anguished consternation, especially among the tenured US economics professors (primarily those who make 6-digits or more per year) and of course, the Federal Reserve where as we revealed last week, at least 113 government workers make $250,000 (excluding bonuses) and thus all are confined within the cozy cocoon of America's "1%ers", about the so-called complete disappearance and collapse in inflation. So to help these ivory tower-confined individuals in their holy grail to rediscover the inflation that is more than felt by the rest of America, here are two simple charts.
And some observations of how this "non-existant" inflation is impacting the lives of ordinary people, those whose net worth does not rise by the same percentage as the Fed's balance sheet, and thus the S&P500, and are crushed by the inequality with the Fed's Chairmanwoman is so vocally concerned about.
“Our paychecks stay the same, but the food prices keep going up,” fumed Jody O’Toole as she shopped at the Associated Supermarket at Eighth Avenue and 14th Street. “You still gotta feed your family, but meat and milk are too much.”
Colleen Vincent, who lives with her mother in Brooklyn, said she’s avoiding meat and sticking to canned goods and cabbage, which she turned into three meals last week.
“I don’t do big grocery shopping trips anymore,” said Vincent, 37. “I have to buy something that gives me more bang for my buck.
“We used to buy beef — now it’s a special treat,” she added. “There are other things I want out of life. I don’t want to spend everything on food.”
Steve Gould, 68, was picking up seltzer water, bananas and yogurt and said he refuses to buy anything unless it’s on sale.
“I want people to stick their heads out the windows like they did in the movie ‘Network,’ and say, ‘I’m mad as hell and not going it take it anymore,’ ” Gould said.
But how is it that food inflation of over 20% in some cases is so crushing to ordinary Americans and yet the people who are tasked to isolate and remedy precisely such problems are completely oblivious to its impact?
The answer is simple: "Janet Yellen, the No. 2 at the Fed's Board of Governors, and her husband—Nobel Prize-winning economist George Akerlof —had assets such as stocks, bond-fund shares and bank accounts valued at roughly $4.8 million to $13.2 million in 2012, according to financial disclosures released by the Fed on Tuesday."
QE4, er D
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According to the Federal Reserve, wages don't matter.
"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863
"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
Last time I checked, food accounts for <15% of CPI. It is showing up in the stats but it's tiny fraction of overall consumption. See here: http://www.bls.gov/news.release/cpi.t01.htm
Only problem is that for a lot of folks it makes up more than 15% of their income.
Remember the Weimar Republic (Socialism for the rich) it's all fun and games until New York and Silicone Valley get a Nuclear Bomb in the eye...
We make our own butter using cream from our family cow. It's better and essentially free.
Man cannot live on bread alone...
However, having a Country Living grain mill and several buckets of hard red winter wheat is a good start, if things get a little unreliable.
The Law of the Jungle is the only Law the Feral Reserve understands.
The FED lies about "no inflation" are 100% horse shit. We have massive inflation today. ZIRP and the destruction of capital through printing and bailouts ensures massive inflation. But the system is centrally managed and manipulated, so the true barometer of inflation (gold) must be kept in check through paper shenanigans. The UST is also a hoax, totally massaged and managed by TBTF banks playing in the TNX.
The system is horribly controlled. Yet practical, real life shopping speaks otherwise.
The FED lies so bad yet people continue to believe them. Hoping one day that changes.
it's this damn insane bacon inflation that's really pissing me off. I can go without beef and even chicken. But good bacon is about 50% more expensive this year over last year.
Mother fuckers must pay for this outrageous treason!
;-)
I like bacon a lot...
The culmination of the food prices will be when you can't buy bread for dollars, only for government certificates which allow you to purchase two loafs per day. It happened twenty years ago in Yugoslavia.
The way to get value from your bacon is to keep the grease, i use it to cook everything. Steaks cooked in bacon fat delicious
....can you barter it for heart stints?
Heart stents?
It isn't so much eating fat that causes heart disease, as it is a sedentary lifestyle and smoking.
haha riiiight....
O gawd don't get zh'ers started up on the epic salt & butter conspiracies again.......
@hedgeless, I love me some good bacon too. I go to a large smokehouse nearby and pick up a box (15 lbs) of bacon ends. Only 99 cents/lb. I'm not fussy about it looking all purty. Never buy that stuff at the store, a complete ripoff.
As for the health issues, there is significant evidence that cholesterol deposits in blood vessels are a function of the body trying to apply "fix-all" to the inflexible or cracking arteries. This can come about from excessive chlorine in your water, lack of vitamin C, high blood pressure, etc. Of course smoking cigarettes will totally deplete your vits, so that does play a part. High blood pressure can be a big sign of continuous inflamation in the body. Something is wrong, so sitting there taking pills won't fix it. Exercise is the best "pill" you should be taking! Fine, watch TV or comment on ZH if you must, but do sets of situps and pushups. You can get thru your show and be up 100 reps
Wildbear.
They are heart stents, you uneducated diaper wearing fake transcendent yogi bear dipshit Klingon from Uranus.
Get off your dead ass, and on to your dying feet every now and then - like, every motherfucking day.
And do some fucking cardio, before your whole circulatory system clogs up like Obama's ass from all the fudge packing he gets compliments of his boy Reggie.
Remember bacon bits.
You bake some sweet potatoes, mash and butten them. Sprinkle on some bacon bits. Then add a meaningful amount of grilled grouper. Put some boiled kale on the side. You need a Wa;dorf salad.
Here's my point.
It's bacon bits that add a nuance of decadence to an outherwise healthy meal.
Just cooked a steak in bacon grease for the first time last week. It was the best steak I've ever eaten. I got steak defrosted for tonight going to be cooked the same way.
I used to be able to find an affordable ham but I suspect they are all being sent to China.
Homeowner's insurance premiums are going thru the roof, so to speak. Mine doubled in 2 years w/o a claim since the 80's. That's after staying flat for over 10 years. Other companies don't even want to talk. A relative, whose house is 40+yrs old too, has had the same problem. They just learned theirs will go up another 25-30% next year. I'm starting to get the notion they are intentionally dropping older houses to help move all the foreclosures. I even asked one agent if that was a possibility. She said she hadn't thought of that. She wouldn't tell me the real reason, either.
I payed for my house 15 years ago....I didn't know the Gov./...local and federal were going to go NUTTS
You don't pay local taxes they take your house....but how do I also pay for the increase in 1) Health Ins. 2) Home Owners Ins. 3) Food...I paid 1.99lb for hamburger 1/2014....now it is 4.70lb 4)Utilities are....well don't get me started 5)Anything that is related to fun....dinner out or a movie....Break out the Vasoline
As Of late...Just get ready to get Screwed
PS....The Fall of the dollar.....Rant over
If you want to price a market, first break it. House prices need to collapse, but that would hurt banks. So an alternitive is to milk existing homeowners untill they lose their house (having its loans repriced) or just useing that income to patch holes in your balance sheet elsewhere.
Anything that is connected to the system is how they are going to tax the shit out of us. In ancient Rome, people just walked away from thier property. Have a feeling we are in for a similar journey.
Yumm..... bet the chairmanwoman doesn't know the taste of fresh home grown stuff, busy gathering / doling millions.....
Yumm..... Ooopps dup!
Buy on-sale and stock up when it does.
Even in NJ, where I live, skinned-boneless chicken breast $1.99lb.
Beef is on sale at times. Don't pay $5lb for ground beef. Buy a lean chuck roast, less than half the price and have them make it into burger.
Look for mark-downs, a freckled banana won't kill you.
For those of us without cows, $6 for a block of butter is insanity!
Shop smart and you'll be ok.
I feel for any neighborhood in NYC that has no options that can't get out of city and find deals.
if you can't do it yourself find a friend in the country to help.....
Why would anyone downvote this?
Maybe they prefer peanut butter and jealousy?
Maybe it's because the buttons are too small and too close on phone browser!
yeah HH, old school is the way to fly if you can do it. I've got 3 steers out back grazing and one of them is heading for his last round up in a couple of weeks with the other two slated for next spring plus the garden went well.
Hedgeless Horseman.
Fucking Awesome!
BUUUUTTTTEER looks so good!
Two things 1. Hard white wheat is really good too
2 " if things get a little unreliable." ..should be "WHEN things get completely Fucked up"-fixed it for you.
Did you make that bread??? WOW!
mrs_horseman is the bread maker. Wow indeed.
Mr Horsemen,or is it
Mr hedgeless
Does she have a sister?
WOW!
Tell her mom and dad they did a great job!
Just ground up some hard red winter wheat yesterday and made bread. Dipped in Olive Oil,it was delicious. Bread made from ground whole wheat
is high in fiber and minerals and bears no resemblance to the store bought stuff. No wonder many people are so unhealthy, eating the store bought bread...
So true.
Thank the Giant Squid commodity traders that made a metric buttload of money on their gluten-junk-science, short wheat, long corn, investment play for keeping wheat prices down.
Can always count on mr-prepper-instagram when things get rough. Won't be so nice when your fences get stormed, and you run out of ammo to protect your hoard, will it?
Wow! where can I get me one of them free cows, feed, land to roam and shelter?
http://imgur.com/FzR8XN3
You'd really love for that to happen. Right fuckface?
As real income continues to fall vs overall price increases, the amount of CPI spent on food increases.
"food accounts for <15% of CPI"
That is one of the flaws of the CPI.
RE
What's messed up is that once we get to 30-40%, that's when revolutions happen.
The fake CPI even reflects how close we are, nevermind the actual numbers.
That 15% of CPI doesn't take into account that we have a huge disparity in incomes ,, the middle class is being absolutely killed with food and energy costs while the takers grumble as we pay their bills with subsidies and EBT transfers food/cash.. To the 1%ers the increase in food prices means little.
BIS end game...
one world currency!
X
I read the BIS differently...'Currency is only a medium of exchange."
The problems arise when currency (and currency derivatives) are used as stores of value. This allow paper to hold way more wealth than exists. The printer profits but eventually the debt kills the system. If currency were not hoarded (and say gold was) then the currency would circulated and commerce could continue while savers were secure with the alternate SOV.
Have you been reading Silvio Gesell?
See Mexico, in the 80's and 90's, for what happens to those stores of value.
That is a nice explanation.
Wages dont matter to the Rothschilds, who have looted the public wealth of the western world by up to $600 Trillion!,,,,or around $1 million per employed person in the US and Europe.
Power bills in New England will be rising 33% this winter, that's already a done deal. Groceries have become ridiculously expensive this year in particular.
Elsewhere- SA paper blames American "rednecks" for Ebola response:
http://tinyurl.com/o8ngfkg
Good quote, but the Rothschilds had bad grammar (its, not it's).
Nothing changes til shit gets violent...and if this keeps up could be sooner than later. I fear hungry people.
Not going to be a problem:
EBT for ALL!!!
[of course, once the store shelves are empty, you may have trouble finding a place to spend your benefits...]
Maybe the next big business opportunity will be re-decimalization of all these .gov benefit systems in an attempt to keep up. It'll be like Y2K all over again.
How many decimal places are needed before people eat each other?
We have already had two decimal removed from government money, so more then that. Maybe another 2-3 would do it.
The FSA will not give up their wage slaves without a fight.
Food inflation: look at the price of corn, which became ethanol, which led to a spike in cornfeed and meat prices.
Cereals: Labor input costs. Bad crop speculation.
Inflation in retail pricing is due to markups at grocer levels, to offset their structural issues in the grocery industry due to failures in white label & low-end spending growth (see Kraft and other corporate 3Q's for proof of this). Their underlying cash prices for everything in Pork to cornmeal (meat feedstock) to Cargill's margin breakdown is pointing to faltering demand and cash crop margin pressures.
If we look at oil, wages and non-luxury spending (on everything from NPR game sales to clothing) we are in deflation. But this would require a bottoms up approach, and would not be in line with nominal chart posting, which is very easy for a chartist to do. If thats all he was trained to do. Ironically TD has shown delfation is gutting "the middle class", so pointing to some retail numbers is a bit like shooting yourself in the foot.
OMT: Rumor is twitters numbers leaked. Hope the SEC gets on that.
OMT2: Odd that the bond vigilantes are quiet as mice on Brazil and Italian bonds today. Wonder when TDi will get around to posting that.
given the coordinated actions of central banks over the last decade, believing in "bond vigilantes" is akin to believing in fucking unicorns. Good luck with that.
If you believed in that, please explain to the classroom what is driving yields to negative rates, on non-pomo days. Better yet, if the fed reserve was focused on coordinated actions, please explain how ECB and JP are being coordinated.
There is plenty of cash or "cash derivatives" controlled by the central banks floating around. You think everything the shadow banks are doing or hold as assets is published? LMFAO!!! Go back to sleep.
Serious question here, I'm honestly trying to figure out your view. Most would say that all this debt monetization is hyper-inflationary waiting to happen. But I gather from your posts that you see it as just a bandaid on a submarine, correct? Basically if that's the case you can forget Weimar/Zimbabwe, instead we will see serious Great Depression shit on steroids globally?
Either the banks survive or people do. Place your bets.
200 trillion in obligations, if that is intended to be paid in produced things and not in printed things then you need to show me how. Otherwise...those obligations will not be met. Print or default. Thats the only question that remains unanswered as of yet.
When that question is anwered the market will react.
Panem et Circus
Oversimplified
Because you have a loaded question.
As long as the dollar remains the global reserve currency (traded, and mostly offshore), NO hyperinflation
As long as these foreigners keep buying US Treasuries, NO hyperinflation
However,
US appetite is large, and the US economy CAN NOT produce enough to self maintain, so the Fed prints. The elites (bankers, speculators on the stock market, corporations, government bureaucrats, the military and its contractors) live like royalties, while the rest of society (Detroit, small business, retirees) fall into a Hell-trap.
Here’s the problem
The next 2008.
Where will the trillions and trillions of dollars come from, to cover the dollar global illiquidity?
IMF SDR.
Here’s your dollars crashing. That’s why China is buying gold. To offset China’s dollars coming loses.
Then, the worthless offshore dollars will be coming back to America looking for hard assets, instead of paper (US Treasuries).
Here’s your hyperinflation in America.
“Hyperdeflation will come before hyperinflation” -- Hugh Hendry
Yields driven to negative in anticipation of the ECB corporate bond buying program. ECB and JP are coordinated through their meetings at Jackson Hole et al. Is that clear enough for you?
The solution is obvious: Price controls on Food.
Yep, that's working wonderfully in Venezuala.....
/s for the slow ones.
That is the Only Way to have a True Revolution, anything else is just posing.
Just look at the countries that experienced "Peaceful Revolutions" (and I don't mean 0 casualties just say less than 1000), they all reverted back into Despotism a few years later sometimes even months after the supposed successful Revolutions.
Unless you Castrate the Old Ruling Class with a sharp knife they will simply go into hiding till they feel safe enough to return wearing different clothes and assume the rule again.
Much to disagree with your statement. Armed revolution destroys lives and property and only serves the bankers and weapons manufacturers.
In America people can declare their freedom from the corrupt government in Washington, DC by NOT VOTING in the midterm elections on November 4, 2014.
If you don't vote they can't come into power. Let the system collapse without firing a shot. Voting only continues to give the elitists permission to abuse the nation's citizenry.
Send a clear message to the thugs and war mongers in the central government by withholding your vote which is a national vote of, "No Confidence".
I have to go to the polls to vote 'no' on a referendum to have the taxpayers of my county pay to build a new place to park yachts on the international waterway near Matagorda Bay. We are already taxed to support the existing one and they want a newer bigger better one. Staying away from the polls will not solve everything. I think it won't actually solve much of anything at all. I don't think voting or not voting makes much difference either way, but I am going to vote a 'no'. Maybe if I make the black mark on the ballot bigger and bolder it will mean something.
" In America people can declare their freedom from the corrupt government in Washington, DC by NOT VOTING in the midterm elections on November 4, 2014. If you don't vote they can't come into power."
I get this feeling that you voted for Oboma two years ago and will vote for Hitlery two years from now.
...and I get this feeling that you voted for senile John McCain six years ago, voted for richie-rich Mitt Romney two years ago, and will vote for Jeb Bush 2 years from now.
WTF is your point tenpanhandle?
I don't blame people for NOT voting, but I still vote because of local propositions, and I support third party candidates I like for shits and giggles. I don't waste my vote on an R or D unless its someone like Ron Paul.
Yes and a lot of us didn't want to vote for McCain and thought that allowing a shill like Obama to win would illustrate to the non thinking how bad it could get...and then he was re-elected. There is always a choice and seldom a good choice, but it is a choice. If you saw the republican running as unworthy of your vote because they were not conservative enough, then you helped elect his liberal alternative. There is no circumstance where you do not vote. If you fail to fill out a ballot, then you have placed your vote. No politician is disenfranchised by the lack of voter participation unless they lose the election. Many may believe there is no difference between left and right bit I do. Not nearly as much as I would like bit in an imperfect world, I will still choose what I believe to be the lesser of two evils.
I didn't vote for McCain or Obama in 2008, I wrote-in Ron Paul.
If you're going to play the lesser of 2 evils fallacy, then I'm glad Obama won, because senile McCain makes Obama look like a choir boy (which he is with that teleprompter)
McCain is anti-gun, hyper pro-war, pro amnesty, pro-bankster (remember Keating 5?), pro big government, supports mega-entitlements for his elderly base, supports corporate welfare, supports austerity for the 99%, the guy is beyond joke level bad, I don't understand how he is lesser than evil. That makes no sense, because McCain is the definition of an evil politician.
McCain should have been disposed of after the Keating Five scandal, and this walking dead nutcase is still running Arizona. And he makes deals with terrorist groups now? My gosh. This lesser of 2 evils argument is child-like naivety, especially if you're a commenter on Zero Hedge. You should know better.
"Lesser" of two evils??
What you say could only be true in a world where nobody votes. This place does not exist. Your point is irrational. Please rethink and come back with a theory that has at least a .01% chance of working.
No, it doesn't. When enough people stop voting out of principle, things will change.
When asked if I vote, I say no, and THEN explain why.
If even 75% of the people were to vociferously not vote (as opposed to apathetically not vote), would you see smarmly scumbags walking around talking about a mandate?
Why do most people act nicely towards cops? Because THEIR lives are in danger. Imagine if politicians acted the same way?
As it is now, mostly old people vote, and then only to insure their transfer payments keep coming. Not their fault, although unjust, it was a compact.
But the time is coming when people say no. And mean it.
I do accept that it is moral to vote no for any bond referendum or policy that a direct up or down vote will authorize.
pods
Not voting is the only rational, peaceful and non-violent way to end the corruption in Washington, DC.
America could elect 10 or even 100 congressmen who stand up for small government and the restoration of civil liberties and it would not make one bit of difference in the U.S. House of Representatives. The rules of the assembly allow the Speaker who is elected by the majority party as dictator to have the power to appoint the heads of important legislative committees based not on fair and unbiased government principles but on pure party loyalty.
The politicians easily stall legislation in committee that goes against the status quo. One example is a bill to audit the Federal Reserve which still has not been enacted into law even though it has nothing to do with partisan politics. The Congress does not want the American people to know their tax money is going oversees to prop up the European banking system.
The republic is being destroyed because the citizenry keep electing the same perfidious and unprincipled individuals to represent them but who in fact stand up for international bankers, multinational corporations and foreign State lobbyists, i.e., the "deep state" who keep them in power.
By voting you give their mendacious system life, to go on and continue to steal your money, property and freedoms.
It must be ended, it must die and the only sensible way is to stay away from the elections on November 4 and thereby declare yourself free men.
Jesus people, just get some damn assets already!
.. or choose your Parents more wisely!
Even salt is expensive.
Check Amazon prime, much cheaper on there (and free shipping).
25 pounds for $3.49 is expensive?
Humperdinck
Humperdinck
Humperdinck
Persiflage!
Price stability.
2% inflation it the "stability" target... doulbes prices in 35 years...
so, QE worked as planned. afterall, inflation is good...NO MATTER WHAT!!!
"Let them eat cake ! "
cake abuse leads to cancer,ebola,beheading.
this was a message from CDC in collaboration with WHO, NATO,FED [..............] .
I used to pay very little for my groceries because of combining coupons with big sales. Now there are very few coupons worth using, and even fewer good bargains. My grocery bill has skyrocketed.
Saving 35 cents on a product is not even worth clipping out anymore.
Fuck the Ivory Tower Assholes
Fuck the FED
Fuck the 1%
But be sure and wear a condom.....
That's a wide range for Janet's bank account assets...mine are generally worth between $1000 and $1M
“Our paychecks stay the same, but the food prices keep going up,”
Can you think of any other way to steal labor and force people into debt servitude?
actually, yes. give them... credit. without collateral and for sure without non-recourse. as much as they want
ancient Athens had a crisis because of a little "oh, poor people, why are they forbidden to get credit?". it took Solon's reforms to get out of that mess
works like a charm, every time, and every time if you oppose it, you are a damn "poor people" basher
in a similar tone, you might want to instill a sense that "everybody ought to own a home", and subsidize homeownership
it's not as good or efficient as the first method, but it sure burns mountains of money
but if you do both, you are 100% on the right path to serfdom. even things like corporations into their employees healthcare become side-issues
I have two classess of debt I am taking out:
1) Debt I plan on paying off.
2) Debt I don't plan on paying off.
It is part of my plan to be my own country....
Didn't you all hear Mr Yellen ? Go open your business and be rich!
I decided to get rich parents instead.
"They're poor because they're not ambitious," was what some Billionaire said recently. I think it was Charlie Chan.
Anyone can be a millionaire, if they CHOOSE to do so.
It takes the average millionaire around 20 years to make their 1st million. If by chance they should lose that 1st million, it only takes less than a year to make the 2nd million!
IOW, Life is a state of mind!
Pasta is cheap. $1.55 to eat for two days. Throw some sauce and a sprinkle of cheese on there too.
Being unhealthy is very expensive.
Junk food will keep you alive for a while, but you will be sick and miserable all the way eatin it. And than you kill over with a heart attack or cancer in your 40tys
he wrote pasta. if pasta is junk food, then explain to me why Italians are so damn healthy and live so long lifes
in fact, there was this "fad" about the Mediterranean Diet which US Food Inc swallowed, digested and spat it out in corrupted form in various money-making forms
and yet, it's based on little meat (twice a week), lots of pasta (of high quality "durum" wheat), huge amounts of vegetables and one glass of wine per day. all of course in small portions, to be eaten slowly, without distractions like TV
People on the Fatkins diet gave you your downvotes. /sarc
Pasta is a provider of macro nutrients. That is all it is.
Same as chicken, fat, beef, bacon, ribs, any meat. Maybe a little iron.
The amount of nutrients you get from these foods is nowhere near what your body requires. (nutrients, not calories)
So, yes, in 40-50 years, or even your kids (if you are a woman) you will see the results of eating like this.
Unless you are eating wheat like HH, with the outer hull on (actual whole wheat) you aren't getting shit in terms of nutrients, except maybe some vitamins and minerals which you are probably taking in excess anyways.
I saw this term used and it fits everyone to a T:
"People will go to great lengths to prove their preferred eating style is healthy."
-Dr. Fuhrman
NOISE
That this noise goes up and to the right is pure chance
Pay checks don't stay the same. the fed collected record taxes this year . obamacare and other head&payroll taxes have increased.
prices of insurance premiums mandatory for driving and having access to roads , increased. costs of new york city subway unlimited fair incrased.
The way the system can "reset" is through higher prices.
That's why falling prices matter.
Of course there is inflation. But more importantly you have LEVERAGE. Since the base impulse of Wall Street is to never stop trading the default setting is to "trade inflation." Didn't the Fed itself say they saw no problem in housing in 2008?!!!!!
AT THE SAME TIME PHUCKING JEWS WERE INVERTING THE YIELD CURVE?!!
Well...at least everyone admitted that such an inversion is a recession indicator. And phuck you too Lehman Brothers! And don't let our financial collapse kick you on your way out the door bitch!
I mean seriously. Everyone of these phucks is an expert until we're all diagnosed with Ebola...financial or otherwise.
The rent is too damn high
I agree. If rents/mortgages were 30% of net income instead of being like 50% or 60%, then an increase in food wouldn't be that big of a deal.
Once the rent/mortgage is paid, one has to pinch pennies to buy virtually everything else.
food does not count!!! (errr I should say IS NOT counted) So what is all the fuss about eating anyway? You people are so demanding. Robby Robot never complains.
so-long as people keep voting in dems, i don't wanna hear about the "middle class" bitching about the high prices of shit. while i got no love for the repubs, romney at least was on record as saying he wudda shit-canned bernanke and his entire lab experiment. since theres no test to take before you vote, EVERYONE has a responsibility to themselves to research & understand the pros/cons of the economics of the candidate in historical terms. ie. obama clearly a keynsian: so if you don't research how its only worked out positive for the lower & middle classes NEVER, then you have only yourself to blame when shit like whats going on now happens.
repubs most likely take back the senate but IMO they don't have a guy who can knock hillary off. running bush is flat-out suicide because this country is so fucking dumb, all dems have to do is run nono-stop ads "which economy do you want??? bill clintons or GW bushes??? dem supporters like john harwood from CNBC - when they say they are "scared" of jeb running means THEY ARE DYING for him to run because THEY KNOW where that bread trail leads.
"so-long as people keep voting in politicians,"
I think that may be a better opener.
@astoriajoe - at least the repubs are the ones during bernanke/yellen's testimony on capital hill who are relentlessly bashing them for this "no inflation" line. the dems always fall into line behind the keynesian model because at the very heart of the issue, they believe the fed can impact wage inflation when there is nothing they can do to up it (asides from getting out of the asset buying, ZIRP business). thats the point i was trying to make.
"relentlessly bashing them"
Who in the GOP is bashing Yellin and the Fed? Who in the GOP is an Austrian economics supporter? Get real. You are full of shit with this Red/Blue nonsense and propaganda.
not propoganda, its fact. go listen to the last 3 house & sentate hearings and then come back for a grown-up conversation.
ron paul, rand paul, richard shelby - those 3 should get you started.
and for the record, im neither blue or red; im about common friggin sense. you know, as in buying bonds with money that doesn't actually exist HAS GOT TO BE A BAD THING because IT DOESN'T MAKE ANY FUGGIN SENSE. to their credit, several repubs have at least brought it up. i have yet to hear 1 dem speak out against bernanke/yellen but i could be wrong.
Redacted due to your edit
Ron Paul is retired, so that adds nothing to your argument. And I supported him for over 20 years, so please don't lecture me on his political career.
The other two you mention will do nothing to resolve anything concerning the Fed. Rand Paul is a poor example of his father. Not even close in Libertarian principles and especially his voting record. And even mentioning Shelby proves beyond the shadow of a doubt that you are still within the false red/blue paradigm, and do not understand anything about the GOP as it is today.
Come back when you actually have a valid point.
+1 Bay of Pigs
i do have a valid point and your "lecture" proves nothing. fact is there are people on the republican side who have spoken out AGAINST the fed & their policies. not nearly enough however but i do call it down the middle. if someone makes a valid point, i will recognize it. im not one of those people who simply say "congress doesn't do anything!" is rand his father, no. he has probably been 1 of the more outspoken current members of congress speaking out against the fed although he's been drown-out because he doesn't know how to position himself with regards to foreign affairs which have ticked-up in both temperature & public opinion. he continues to find himself behind the 8-ball on both because unlike his father, he cares about what the polls say rather than simply standing on what he believes.
regarding the GOP, i think im pretty sure i understand an thing or 2 about them. will any of these guys resolve anything about the fed, nope. if u read any of my other posts, you might have picked up on that because in the end, the overwhelming majority of these guys crap their pants when markets are crashing and im betting that once the next crash (50%+) comes, ill be soaking that one up because there is no doubt in my mind they will bow back down to the fed to save them & give her the power to outright purchase equities. none of these guys are gonna wanna be responsible when the next blow-up comes to not having at least "tried to do the right thing" even when the right thing is allowing the market to clear, NOT simply finding another 'quick fix' to re-flate equity prices.
Agreed on Ron Paul. No argument with you there.
But Rand Paul endorsed the dishonest, immoral, consumate flip flopping liar, Mitt Romney. It is nothing personal my friend. The GOP is dead.
https://www.youtube.com/watch?v=v0m_xXvQlvg
We'rs going to be vomiting dem's come November.
Vomit for me! I'm your man!
Vomit early, vomit often!
November will be a historic match between:
FSA vs Middle Class (private sector)
"so long as people keep voting in lawyers'
They are the real plague.
Wrong. The GOP is dead. No answers or solutions coming from them either. Romney is a 1%, a liar and a hack. So is Jeb Bush.
The GOP is beyond useless.
The GOP candidates are 1%ers who want to impose austerity on their voters and their talking points are completely out of touch to the working class Joe. GOP will never win the majority on that platform.
It's getting to the point now where the Republican-Democrat paradigm will be done away with, and the banks are going to a pure one-party system of Democrat-only. The American public is so apathetic, that the left-right paradigm is just wasting the banksters time and energy, so they're going the one-party route with the help of illegals and vote fraud.
The TEA party went from its Ron Paul and 9/11 truth roots, and quickly devolved into pro-war neocon social conservatives flying Israeli flags at their rallies. #Occupy was totally ineffective. As far as the big boys are concerned the steam valves did their job and the opposition to their agenda is toast.
The GOP sideshow is becoming more irrelevant by the day. Their support for the second amendment is the only issue keeping them the slightest bit relevant. If the GOP caves in, which they already did by having super anti-gun Mitt Romney as their most recent candidate. Then the GOP nailed itself in its own coffin.
When I saw that the NRA endorsed anti-gun Romney in 2012, I knew the GOP was done. As a "gun guy" I cannot vote Romney, and went with Gary Johnson. I wish America would wake up and go third party, but wishful thinking is just fallacious.
Virtually everyone I know personally who is registered Republican, is so because of the gun issue. If Republicans turn anti-gun, they're done!
Oh come on! We all know there is inflation, or at least anyone who goes to the grocery store themselves and doesn't have "people" for that. CPI doesn't mean shit. But here is a theory...
As QE is set to end this month and the market has started to crack, suddenly buying stocks may not be the best "trade" for the banks with all that QE money that they are "sitting on" and not pushing into the economy. (which has been the excuse for why there isn't any inflation, or so they claim). If stocks begin to stop going higher, we very well might see the banks decide that pushing that money out in the form of loans of various sorts, might be a better bet for them. So in the face of falling commodities, in the face of a cracking market, declining GDP across the world, and everyone central bank being terrified by the deflation we are seeing, we will then see price inflation anyway. And boy will that be a disaster. http://alchemyfinancials.blogspot.com/2014/10/under-weather.html
Yeah, Al.
Headline Economic News, ala 2020: Minimum wage set at $1,500,000/hr. Most agree it is insufficient.
Craig
Inflation is for the little sheeple; you gonna believe us or you lyin' eyes?
www.traderzoo.mobi
Soylent Green is made out of people!
"“You still gotta feed your family, but meat and milk are too much.”"
Beans baby. Buy em raw, soak them yourself to save even more money.
Be your own "Value Add" chain!!!
I am eating a ton of potato lately.
somebody tell Krugman...
We end up paying for our parents pensions with our savings and we leave nothing to our kids except from debt.
commodities are assets
bubble be a bursting
I really don't care about paper commodities. By all means, deliver on to me that cheap diesel.
Yellen is fighting deflation. It's for your own Good , even if you starve.
I have a dream, it's claw back. From every fucking Tribe member in Finanace , banking and economics. Every last penny.
You are much kinder than I
Haven't you seen the news? Most prefer death over being poor.
Inflationary rises in food products is just the tip of the iceberg and they're relatively easy to capture. But to get a real view of inflation one has to look carefully at the rising price or cost of many services, not products. IE: fees, charges and taxes levied by local and central governments and institutions of government, charges by household tradesmen including motor car repair garages and assorted professionals and airline ticket prices etc. This is where much price inflation occurs year on year but is rarely recorded by the statistics people. Then there's energy prices.
True ... but a recession will take care of prices for many services.
around 2009 in my hood, an existing building was bidded out for makeover into police station.
The winning bid?
Came in about HALF of expected price tag
Yes sir. Also add new and/or higher vehicle registration fees, inspection fees, safety requirements, license fees, checkpoints, speed traps, DSS/CPS interventions, and more asset forfeiture et al.
Since the locals can't print money like their big Uncle, they have to get it somewhere and that somewhere is us.
After all, how else are they going to fund their salaries, health care, and pensions?
I'm tellin ya we're gettin' it from both ends!
Energy is only counted when it goes down - when it goes up it is volatile.
Hockey sticks!