It's INFLATION speeding toward us like a run-away freight train!!!! Look at the signs, investors are moving to commodities like oil which is above $80/barrel for the first time in almost a year. It's not demand for oil driving the price (inventories are higher than normal) but investors seeking low risk investments. Gold is at an all time high as more investors flee the bond and equity markets. The value of the dollar is dropping faster than the democrats approval rating. Then there's unemployment by some estimates above 10% already, but the real driver is President Hussien's record deficit spending. As the next budget is being crafted with a likely $1trillion spending gap finding buyers for US debt will require premiums aka HIGHER INTEREST RATES, this will drive up the cost of everything at the same time higher energy costs are driving up costs. It looks like the one year mark of the Obama administration could see all my predictions about the Liberal agenda come true.

I predicted double digit unemployment, already there, double digit interest rates coming soon, double digit inflation probably not till 3rd quarter 2010, but we'll have to see how high crude oil prices climb, and how fast the dollar drops, it could come sooner.

If this is the democrat definition of recovery, I don't want to see what an economic collapse looks like.

U.S. government is bankrupt

http://ncaabbs.com/showthread.php?tid=394024

Not a believer in INFLATION. Noticed today the producer price index contracted 0.6%.

People and BANKS are HOLDING on to their money. The velocity of money is under severe retracement and billions of dollars are being destroyed. Consumer & bank balance sheets are under stress and that is NOT the time to take the money out and spend or INVEST. Deflation is brutally painful and politically unacceptable, but it is the reality we need for positive long term change / investing.

(10-20-2009 09:30 PM)NIU05 Wrote:  Not a believer in INFLATION.

Might wanna start.

If inflation means the gov't pays back it's debt with cheaper dollars, then deflation means the gov't pays back it's debt with more expensive dollars.

(10-20-2009 07:43 PM)THE NC Herd Fan Wrote:  It's INFLATION speeding toward us like a run-away freight train!!!! Look at the signs, investors are moving to commodities like oil which is above $80/barrel for the first time in almost a year. It's not demand for oil driving the price (inventories are higher than normal) but investors seeking low risk investments. Gold is at an all time high as more investors flee the bond and equity markets. The value of the dollar is dropping faster than the democrats approval rating. Then there's unemployment by some estimates above 10% already, but the real driver is President Hussien's record deficit spending. As the next budget is being crafted with a likely $1trillion spending gap finding buyers for US debt will require premiums aka HIGHER INTEREST RATES, this will drive up the cost of everything at the same time higher energy costs are driving up costs. It looks like the one year mark of the Obama administration could see all my predictions about the Liberal agenda come true.

I predicted double digit unemployment, already there, double digit interest rates coming soon, double digit inflation probably not till 3rd quarter 2010, but we'll have to see how high crude oil prices climb, and how fast the dollar drops, it could come sooner.

If this is the democrat definition of recovery, I don't want to see what an economic collapse looks like.

Yeah. It is ALL Obama's fault.

(10-21-2009 02:02 AM)RobertN Wrote:  

(10-20-2009 07:43 PM)THE NC Herd Fan Wrote:  It's INFLATION speeding toward us like a run-away freight train!!!! Look at the signs, investors are moving to commodities like oil which is above $80/barrel for the first time in almost a year. It's not demand for oil driving the price (inventories are higher than normal) but investors seeking low risk investments. Gold is at an all time high as more investors flee the bond and equity markets. The value of the dollar is dropping faster than the democrats approval rating. Then there's unemployment by some estimates above 10% already, but the real driver is President Hussien's record deficit spending. As the next budget is being crafted with a likely $1trillion spending gap finding buyers for US debt will require premiums aka HIGHER INTEREST RATES, this will drive up the cost of everything at the same time higher energy costs are driving up costs. It looks like the one year mark of the Obama administration could see all my predictions about the Liberal agenda come true.

I predicted double digit unemployment, already there, double digit interest rates coming soon, double digit inflation probably not till 3rd quarter 2010, but we'll have to see how high crude oil prices climb, and how fast the dollar drops, it could come sooner.

If this is the democrat definition of recovery, I don't want to see what an economic collapse looks like.

Yeah. It is ALL Obama's fault.

I believe it was Obama that said the "stimulus" package would hold unemployment to 8%, hows that working. It was Obama's budget with a $1trillion deficit that has investors running from traditional investments to commodities like Oil and Gold. One of two things is about to happen with the annual budget deficit, higher interest rates to finance the out of control spending, or monetize the debt, where da Dems literally print $1trillion of extra currency to pay for stuff. In the US a dollar is still a dollar but since most of non agricultural products are imported it will take more dollars to buy that Toyota, Dell PC, Sony Playstation etc. and that is inflation.

Guess who has been purchasing at least 15% of T-Bills at the past 3 auctions?

The Federal Reserve. That's very bad news.

(10-21-2009 06:43 AM)WMD Owl Wrote:  Guess who has been purchasing at least 15% of T-Bills at the past 3 auctions?

The Federal Reserve. That's very bad news.

The FED was the primary cause of this economic mess.

The FED is in WWIII in its battle against the market forces of deflation. It is a battle where "we the people" can not win. IMO the market forces will force the FED to stop and life will take its brutal deflationary course. The alternative is if the FED wins, we become a banana republic.

It is beyond my belief that we would allow the FED to destroy us.