| Topic: |
Politics > Politics-USA |
| User: |
"Harry Hope" |
| Date: |
14 Jun 2006 07:56:49 AM |
| Object: |
Consumer prices rise again. Core inflation highest since 1995. |
From Bloomberg, 6/14/06:
http://quote.bloomberg.com/apps/news?pid=10000006&sid=av_0cn9ED1pM&refer=home
U.S. May Consumer Prices Rise 0.4%
(Bloomberg) --
Rising gasoline costs and rents propelled U.S. consumer prices higher
last month, increasing speculation that Federal Reserve policy makers
will raise interest rates later this month.
Prices paid by Americans rose 0.4 percent after April's 0.6 percent
increase, the Labor Department said in Washington.
Excluding food and fuel, so-called core prices rose a larger-than-
forecast 0.3 percent for a third straight month.
Core inflation over the last three months was the highest since 1995.
Fed policy makers are leading a worldwide chorus of central bankers
warning of inflation risks.
___________________________________________________
Up and up and up they go. Where they stop nobody knows.
Harry
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| User: "the_blogologist" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 07:24:57 PM |
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"Core inflation highest since 1995."
Yeah, hadn't been this bad since the Clinton years! LOL
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| User: "ZenIsWhen" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 08:17:12 AM |
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"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:st1092tckh9ntebpfj3ss8g28t0inlucqh@4ax.com...
From Bloomberg, 6/14/06:
http://quote.bloomberg.com/apps/news?pid=10000006&sid=av_0cn9ED1pM&refer=home
U.S. May Consumer Prices Rise 0.4%
(Bloomberg) --
Rising gasoline costs and rents propelled U.S. consumer prices higher
last month, increasing speculation that Federal Reserve policy makers
will raise interest rates later this month.
Prices paid by Americans rose 0.4 percent after April's 0.6 percent
increase, the Labor Department said in Washington.
Excluding food and fuel, so-called core prices rose a larger-than-
forecast 0.3 percent for a third straight month.
Core inflation over the last three months was the highest since 1995.
Fed policy makers are leading a worldwide chorus of central bankers
warning of inflation risks.
Yea - but the oil magnates are happy!!!
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| User: "Neil Harrington" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 08:46:06 AM |
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"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:st1092tckh9ntebpfj3ss8g28t0inlucqh@4ax.com...
Up and up and up they go. Where they stop nobody knows.
Consumer prices have been rising for 60+ years that I know of, Harry.
They're never going to stop rising unless we get deflation, which no one
wants.
As for "core inflation," we're just coming out of a period of
*exceptionally* low inflation, virtually zero inflation by some measures,
such as most of us have never seen before in our lifetimes. Inflation is now
returning to about normal.
This is nothing to worry about -- compare with the Jimmy Carter years, when
inflation rose to 14% and gave us 19% prime rates! That was not only the
worst inflation we've had in peacetime, it was even worse than during most
of our war years.
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| User: "Political Pagan" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 12:41:12 PM |
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"Neil Harrington" <not@home.today> wrote in
news:74KdneK6A8GDjg3ZnZ2dnUVZ_tmdnZ2d@comcast.com:
Consumer prices have been rising for 60+ years that I know of, Harry.
They're never going to stop rising unless we get deflation, which no one
wants.
Unfortunately wages have been stuck for the last 20 years.
--
"To announce that there must be no criticism of the President, or that we
are to stand by the President, right or wrong, is not only unpatriotic and
servile, but is morally treasonable to the American
public." - Theodore Roosevelt
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| User: "Kent Allard" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 01:02:09 PM |
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Political Pagan wrote:
"Neil Harrington" <not@home.today> wrote in
news:74KdneK6A8GDjg3ZnZ2dnUVZ_tmdnZ2d@comcast.com:
Consumer prices have been rising for 60+ years that I know of, Harry.
They're never going to stop rising unless we get deflation, which no one
wants.
Unfortunately wages have been stuck for the last 20 years.
Real wages have dropped over 5% since Bush and the Neoclowns took over.
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| User: "Kevin Cunningham" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 09:04:25 AM |
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"Neil Harrington" <not@home.today> wrote in message
news:74KdneK6A8GDjg3ZnZ2dnUVZ_tmdnZ2d@comcast.com...
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:st1092tckh9ntebpfj3ss8g28t0inlucqh@4ax.com...
Up and up and up they go. Where they stop nobody knows.
Consumer prices have been rising for 60+ years that I know of, Harry.
They're never going to stop rising unless we get deflation, which no one
wants.
As for "core inflation," we're just coming out of a period of
*exceptionally* low inflation, virtually zero inflation by some measures,
such as most of us have never seen before in our lifetimes. Inflation is
now returning to about normal.
This is nothing to worry about -- compare with the Jimmy Carter years,
when inflation rose to 14% and gave us 19% prime rates! That was not only
the worst inflation we've had in peacetime, it was even worse than during
most of our war years.
Except the Fed Reserve is raising rates to stop the present inflationary
spiral from getting worse. This is an effect of to much dept and war
spending.
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| User: "ouroboros rex" |
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| Title: Re: Consumer prices rise again. Core inflation highest since 1995. |
14 Jun 2006 09:44:59 AM |
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"Neil Harrington" <not@home.today> wrote in message
news:74KdneK6A8GDjg3ZnZ2dnUVZ_tmdnZ2d@comcast.com...
"Harry Hope" <rivrvu@ix.netcom.com> wrote in message
news:st1092tckh9ntebpfj3ss8g28t0inlucqh@4ax.com...
Up and up and up they go. Where they stop nobody knows.
Consumer prices have been rising for 60+ years that I know of, Harry.
They're never going to stop rising unless we get deflation, which no one
wants.
As for "core inflation," we're just coming out of a period of
*exceptionally* low inflation, virtually zero inflation by some measures,
such as most of us have never seen before in our lifetimes. Inflation is
now returning to about normal.
Consumer prices, however, are not.
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