Ask an expert: Is inflation getting worse?
MSN Money's Anthony Mirhaydari answers Facebook users' questions about consumer prices.
As he answers questions from MSN Money's Facebook community, Mirhaydari also expresses his concerns that we still could be in a recession.
ONE MORE TIME:
Was I dreaming over the last few years, or did I really hear from the Fed that inflation was under control??? Every time I go to the gas pump, the grocery store or anywhere else, I know that inflation is out of control.
Why is all this "new" inflation talk just now coming to light?
Ah, that's right, POLITICS! Shame on the Fed, and our political leaders!!!
Doesn't take a genius or economic expert to answer this question! Baystater7 is exactly right.
Our government is selling us down the river by continuing to bury us in debt and make us indentured slaves to China. Until we become fiscally responsible prices will continue to rise on all necessities and commodities and our dollar will be dumped as the currency of international exchange. Then we will see runaway inflation where it will take a wheelbarrow full of dollars to buy a loaf of bread!
They also screwed those who saved for their retirement by keeping interest rates at 1% or lower for several years now.
It used to be you could safely put your money in CDs and low risk investments and live off the interest, but with the Federal Reserve keeping interest rates so low for so long that is no longer possible.
It used to be that a $10,000 CD would get a person about $500.00 - $600.00 in interest every year, now it’ll get less than $100.00 a year and that’s causing big problems for those who saved for retirement.
Hey, there is no inflation. The US government does not count gas or food prices. It is all just our imagination. Dumping trillions of funny money into our ecomony has nothing to do with it. I am not sure what they use in their numbers. But, look at everything. It is going up a lot. New cars, used cars, shoes, etc. I guess we all need to buy things at Walmart.
In one of Obama's first democratic debates 4 years ago. He stated that gas should be at $4 a gallon. The only problem is that it went there too fast. That price makes it better for alternative fuels. Wow, how did gas end up being at about $4. Does anyone really doubt that he truly believes this now.
Real inflation over 10%( the obama government doesnt count things that go up in price we all pay for like food/gas/anything that moves by truck)
Real Unemployment over 20%( the obama D.O.L doesnt count people whose UE runs out/temp workers/part time workers/long term unemployed)
Real Obama Misery Index over 30%(jimmy carter is proud his MI was 16.2% GWbush was 8% for you moonbat libs who say bush created this mess)
Retarded Obama voters that will vote for him no matter what 40%(the number of people that recieve a government check/government worker/welfare lay-abouts)
And dont believe the BS article the obama media puts out about gas prices going down haha took the wife to the doctor today went by a gas station and noted the price cause everyday it gets higher ,when we drove back 2 hrs later the price went up 6 cents
Well let's see. The Gov position would be: Over all housing costs have fallen by 20-50%. Gasoline, food, utilities and the Obama Phone{ask about that one,please} have only gone up approx 6%, so by the white house reported totals we are in a positive situation on inflation.{no kidding, that figures heavily into the equation}
So tecnically there is no inflation. We all just imagine it.
The only place there’s no inflation is at the Federal Reserve, in the real world where the rest of us live inflation is rampant.
If we used the same methodology to calculate inflation today as we did in the 1980’s it would be over 9%.
The politicians wanted to cut Social Security but they couldn’t cut it outright, so they cut it without anyone noticing by manipulating the CPI. If no changes were made the average Social Security check would be twice what it is today.
Look up the Boskin Commission to see how they use pseudo-science and skewed statistics to come up with an official inflation rate that is far lower than the real rate of inflation.
Everything that moves by truck will soon drive all prices higher, cause odumbos D.O.T is limiting truckdrivers hours forcing trucking companies to raise all freight prices. And the people(democrat voters) getting $2000/month in foodstamps dont care they can buy steak and lobsters( and and in some states like Mass buy booze and ciggarettes) and drive home Usually in a new car to their tax payer fund apartment, use their tax payer funded cell phones, while my wife and I eat chicken with rice.Why the **** would any democrat voter vote for someone(other then democrats)that might make it possilble for them to get off their fat asses and support them selves?
With the deficit at $6 trillion and Obama printing money like junkmail to pay bills, is there anyone stupid enough to think that inflation isn't coming and coming hard. Exactly like "Jimma Carter" the inflation will lead to a recession ..... unemployment will be up to 10% and as the dollar devalues, your expenses will go up and your dollar will be worth less. So .. basically you will be operating on less cash.
And you are dumb enough to continue to go with this type of leadership that will drag you down ... especially the middle class. Don't you care about your kids enough to see that with inflation, companies will be less liquid ... and hiring will slow down!! Don't you owe it to your kids to try to change the disastrous situation we are in?? No ..... OK .. then you tell your kids why they are working at McDonalds even though they have their Masters!!
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