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Inflation in U.S. Highest Since 1981; Fed Not Expected to Raise Rates
- Thread starter ByLoSellHi
- Start date
Some attendance figures from yesterdays MLB games.
St. Louis: 44k
Last place Seattle:33k
Dodgers:Just short of 53k
Yank's:54k
Houston:38k
Minnesota:39k
Tampa:33k
Cubbies:41k (every game)
Atlanta 32k
Boston:37k
San Diego:33k
Washington:33k
Not exactly Great Depression type crowds.
St. Louis: 44k
Last place Seattle:33k
Dodgers:Just short of 53k
Yank's:54k
Houston:38k
Minnesota:39k
Tampa:33k
Cubbies:41k (every game)
Atlanta 32k
Boston:37k
San Diego:33k
Washington:33k
Not exactly Great Depression type crowds.
Quote from vv111y:
And what does the outcome look like?
Will it actually look all rosy?
It'll be the same outcome as the past 40 years. Wages and cash will under perform prices and assets (LT) will hold some semblance to global parity.
Think 1970's U.S. with an emerging South American type demographic.
Quote from Pa(b)st Prime:
Some attendance figures from yesterdays MLB games.
St. Louis: 44k
Last place Seattle:33k
Dodgers:Just short of 53k
Yank's:54k
Houston:38k
Minnesota:39k
Tampa:33k
Cubbies:41k (every game)
Atlanta 32k
Boston:37k
San Diego:33k
Washington:33k
Not exactly Great Depression type crowds.
I didnt know we can determine what state our economy is in by looking at the crowd attendance at MLB ballparks.
HMMMMM.
I guess were not in a recession at the moment, hmmmmm.
Nah just kidding, were in a major recession at the moment, dont let those crowds at the ballparks fool you.
Quote from S2007S:
I didnt know we can determine what state our economy is in by looking at the crowd attendance at MLB ballparks.
HMMMMM.
I guess were not in a recession at the moment, hmmmmm.
Nah just kidding, were in a major recession at the moment, dont let those crowds at the ballparks fool you.
I suggest YOU not be fooled. Look at movie reciepts this summer also.
Yea there's some people hurting. There's also millions of people with SHITLOADS of money. For every construction guy laid off there's a nurse making 1500 a week.....
Quote from Jayford:
No, not the election. They've been fudging numbers for quite some time. President doesn't control these numbers anyway.
Golly, and here I am thinking that the White House influence reaches into all sorts of places, whether it belongs there or not.
Or have I got it wrong
jjf
Here is what the Fed will say 08-05-2008
Economy is weak, but holding up well. We expect inflation to moderate. Note they have been calling for inflation to pull back for close to a year now.
Credit conditions are improving as spreads return top more normal levels. How the market reacts is anyone guess.
All I know is mortgage rates are moving higher since they slashed the FF rate to 2.00%. Savings rates have fallen to next to nothing, food and energy have soared. So far all in all it has done noting but make things worse for 75% of the population.
GREAT JOB FED!
Economy is weak, but holding up well. We expect inflation to moderate. Note they have been calling for inflation to pull back for close to a year now.
Credit conditions are improving as spreads return top more normal levels. How the market reacts is anyone guess.
All I know is mortgage rates are moving higher since they slashed the FF rate to 2.00%. Savings rates have fallen to next to nothing, food and energy have soared. So far all in all it has done noting but make things worse for 75% of the population.
GREAT JOB FED!
Quote from Aaron Copland:
Here is what the Fed will say 08-05-2008
Economy is weak, but holding up well. We expect inflation to moderate. Note they have been calling for inflation to pull back for close to a year now.
Credit conditions are improving as spreads return top more normal levels. How the market reacts is anyone guess.
All I know is mortgage rates are moving higher since they slashed the FF rate to 2.00%. Savings rates have fallen to next to nothing, food and energy have soared. So far all in all it has done noting but make things worse for 75% of the population.
GREAT JOB FED!
All I know is that if the Gov/Fed want to reduce inflation figures quickly they need to multiply last months inflation number by say 0.66% and then claim that inflation has been capped and under control.
Given that they are all living at the tax payers expense, from their point of view, inflation is under control.
jjf
The entire f$$king world is devaluing their currencies. Interest should be higher, but FCBs keep recycling savings back into treasuries. This is producing high inflation around the world.
I dont understand why the chinese, indians, etc arnt taking the issue more seriously and letting their currencies appreciate and letting interest rise in the US rise on the long end of the curve.
Maybe a commodities have a 6 month break, but the inflation genie is far from contained or over.
I dont understand why the chinese, indians, etc arnt taking the issue more seriously and letting their currencies appreciate and letting interest rise in the US rise on the long end of the curve.
Maybe a commodities have a 6 month break, but the inflation genie is far from contained or over.