Inflation Numbers.....
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Inflation Numbers.....

  1. #1
    Senior Member Ron Hill's Avatar
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    Default Inflation Numbers.....

    Bernanke says current inflation is below 2 percent. Admittedly, Bernanke's not alone in touting this fiction; it's more or less official government policy, ever since the Bureau of Labor Statistics began excluding food and energy costs from its official "core inflation" measure. Yes, you read that right: The government's inflation index excludes food and energy. (This is the same model Al Gore uses to prove his diet is working.)

    So the price of your labor is holding steady. It's the price of the things you need to buy that's skyrocketing.

    Here, then, are some inflation figures concurrent with his "60 Minutes" appearance that Bernanke could pretend were irrelevant to his "official" inflation measure:

    Oil prices are up 21% in the last year


    Corn is up 49% in the last year


    Wheat is up 41% in the last year


    Beef is up 28% in the last year


    Sugar is up 32% in the last year


    Coffee is up 40% in the last year

    In other words, inflation is already raging.

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  3. #2
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    Quote Originally Posted by Ron Hill View Post
    Bernanke says current inflation is below 2 percent. Admittedly, Bernanke's not alone in touting this fiction; it's more or less official government policy, ever since the Bureau of Labor Statistics began excluding food and energy costs from its official "core inflation" measure. Yes, you read that right: The government's inflation index excludes food and energy. (This is the same model Al Gore uses to prove his diet is working.)

    So the price of your labor is holding steady. It's the price of the things you need to buy that's skyrocketing.

    Here, then, are some inflation figures concurrent with his "60 Minutes" appearance that Bernanke could pretend were irrelevant to his "official" inflation measure:

    Oil prices are up 21% in the last year


    Corn is up 49% in the last year


    Wheat is up 41% in the last year


    Beef is up 28% in the last year


    Sugar is up 32% in the last year


    Coffee is up 40% in the last year

    In other words, inflation is already raging.

    It costs so much just to live any more not have some fun just live,eat and buy gas

  4. #3
    Senior Member SConA's Avatar
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    But the important things are coming down in price, like boats!

  5. #4
    Senior Member SBjet's Avatar
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    Supposedly some of the increases are offset by lower prices in other areas, like housing. Btw, Applebees has a 2 for $20 deal going.
    Quote Originally Posted by Tom Brown View Post
    I'm still chuckling at being "poo-pooed" for straying off topic. Awesome.

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