Worst inflation numbers in 17 years, 4.1%, and the geniuses in Washington want to stimulate the ecoomy. Yeah, that'll be great, continue destroying the currency and our standard of living, go ahead, great idea to create even more inflation.

I would hope the Federal Reserve rethinks it's idea of cutting rates. We need higher rates.

Also, people need to realize that a tax cut would be more than offset by inflation, which is the worst tax of all since it decreases the purchasing powr of the dollar.

(Yes, I know, there is a political and economic disconet here, politicians will do what is politically expedient in the short term even if it's bad for America).

Thanks for nothing, President Asshole.

Thanks for nothing, President Asshole.

But....when I said inflation was rearing its ugly little head a few weeks ago I was called all sorts of names by right wingers.....

I think I'll just add this to the file named:

I TOLD YOU SO!

Geez....that file is getting thick!

"But....when I said inflation was rearing its ugly little head a few weeks ago I was called all sorts of names by right wingers..."

I don't know what thread it was, but I would have told you that you were right.

Back in September I remember writing negatively about the Federal Reverse raising rates as a political move only, not base on economics. I saw inflation coming back them and I think will have more if Congress and President Bush get involved.

"Back in September I remember writing negatively about the Federal Reverse raising rates "

lowering rates

I would hope the Federal Reserve rethinks it's idea of cutting rates. We need higher rates.

Posted by member2586
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Absolutely. 100%. Insane.

Energy has fallen 9% in two weeks. Commodities prices are plunging. The food price rise was because of one thing, and ONLY one thing: this ridiculous fixation on ethanol. But money is too tight, and credit markets know there is no demand-pull inflation in the US economy. None, zero. Which is why the TIPS spread is the lowest in history.

Cut rates NOW.