Rico did you see the PPI today?
Market expected a rise of 0.5% but instead we got a surprise of 1.8% for November.
You NEVER see a surprise that large. Usually it's a fraction of a percent off but this surprised everybody (except me). Get ready for the bloodbath when the CPI comes out. Oh boy that should be fun.
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Ryan Matthews, RB, Fresno State Bulldogs
I saw it in someone else's post. I'm neutral on the issue. Was merely pointing out that last month when you said inflation was crazy it was actually negative. A big jump into positive for Nov could be a bad bad sign.
Do any of the old-timers remember the "Should NB have his moderator status removed" thread before it got deleted?
Lol, neutral? Go home, you don't know what's going on. Go play in the sandbox
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So you don't care if you have to pay higher prices for things? I don't see how anyone can be neutral.Originally Posted by RicoVacilon
By "neutral" I didn't mean "I don't care how the economy turns out." I meant "I'm looking objectively at Kevin's statement." His statement that inflation was out of control (made last month) was simply untenable. This month maybe it won't be. We'll see shortly.
Do any of the old-timers remember the "Should NB have his moderator status removed" thread before it got deleted?
Yay
I hope the entire economy fails.
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Like Mike.........
i can still get 10 loaves of Wonder bread for $8
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LOL it will kill you to admit that I was right.
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Ryan Matthews, RB, Fresno State Bulldogs
I have proven how incredibly wrong you were with empirical data. If that's what you call "being right" then you're in for a shock once you quit living in the comfort of you're own mind.
Do any of the old-timers remember the "Should NB have his moderator status removed" thread before it got deleted?
Don't Worry, Obama will fix it all.
Rico you are kidding yourself. On November 29th I said that inflation was out of control. For the month of November the PPI jumped a ridiculously surprising 1.8%
I just don't understand how I'm wrong. I recognized the fact that prices were rapidly going up, made a comment about it, and the third highest increase in PPI since January of 1999 came in for that month. Shocking.
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Ryan Matthews, RB, Fresno State Bulldogs
Then I can't help you. And it appears no one can. Quit tryin to play with the big boys when you aren't ready for it, son.
A refresher on the empirical data I mentioned so you can circle jerk your way into thinking you were right:
Inflation when you made the statement: -.18% (that dash before the decimal means it's a NEGATIVE NUMBER!)
Inflation today: 1.84%
While the 2% jump in one month is notable, it would be ridiculous to say that either number is "out of control" like you attested to last week.
If you'd like to point to other data that shows how bad the economy is, go for it. I'm sure you'll be able to find plenty. But inflation isn't one of them. . . yet.
Last edited by RicoVacilon; 12-17-2009 at 07:01 AM.
Do any of the old-timers remember the "Should NB have his moderator status removed" thread before it got deleted?
In a good economy inflation around 3% (not monthly) yearly is acceptable. 2% in a month is not good.
Guess who is responsible though, the Federal Reserve. I can't wait until they get audited, I hear they are so scared of being exposed now, they hired a lobbyist for the first time in history, and are planning on running ads in movie theaters against an audit as a PSA.
What could they possibly say in a PSA to get public opinion in their favor against an audit? lol... i'd go to a movie just to see it.
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Probably something along the lines "If you audit us, inflation will skyrocket, and will politicize the Fed."What could they possibly say in a PSA to get public opinion in their favor against an audit? lol... i'd go to a movie just to see it.
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However, the Fed already is very politicized. Bernanke went on TV a few weeks ago to act as a shill for the Obama Administration so he could keep his job. The louder he screams about an audit, the better the legislation probably is.
Bernie Sanders put a hold on Bernanke's confirmation hearing until the Senate votes on their version of Ron Paul's bill.
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