What happened to all of the doom and gloom economic threads?

[mercury14]

oh wait, you don't really have to do that much as you work for the government

Says the unemployed woman. Or wait, "retired". Then you said unemployed again.

Now you're writing a book which is going to be just a bit of an uphill battle considering the second-rate quality of your writing on Lit, your low level of education, and the vacuous crap in your head.

Perhaps you were gearing up to document Obama's election results this November?

 

[mercury14]

Actually...

...smart money says the dollar has lost 12% in just the last year.

Against what? The Euro? Rupees? Pesos? It's all relative.

 

[NeverEndingMe]

UD/mercMORON gets his facts straight from spooky dude, they have to be right.

Merc doesn't like to be wong, he'll have to rewrite his fiction....I mean his post on GB

 

[RobDownSouth]

Actually...

...smart money says the dollar has lost 12% in just the last year.

Prove it.

 

[unregistered]

 

[mercury14]

Okay, just wanted to make sure what you were babbling about.

So you're holding President Obama responsible for any and all inflation now?

How does his performance compare to those of the past 10 years?

BLS statistics:
http://www.photorox.com/images/robdownsouth/vettebitch.jpg

Looks like you're cooking the books.

p.s. Extra Credit: what level of inflation is acceptable? Hmmmm?

Consider also that Obama is dealing with a Fed that's keeping interest rates at nearly 0%. Of course according to Vette NOTHING has an impact on inflation except printing more money.

 

[NeverEndingMe]

If Bush were in the WH, you wouldn't be as accommodating as you imply I ought to be, but then again you are a hypocrite.

well that does it. now Rob will come back with some man on man love comments

 

[RobDownSouth]

If Bush were in the WH, you wouldn't be as accommodating as you imply I ought to be, but then again you are a hypocrite.

I asked you what you believed an acceptable rate of inflation was.

 

[RobDownSouth]

well that does it. now Rob will come back with some man on man love comments

I'm asking Vetty to tell us what an acceptable rate of inflation is.

Want to answer that question too?

 

[NeverEndingMe]

you still miss the main point. we need the economy to move forward. bring home over seas money, get consumers back to work and spending.

shall we watch the obama invest another 500 million into a green company (and the owner that is a bed buddy with the obama), then months later we can read about this obama pet project file for bankruptcy

so far the obama has proven he's in over his head when it comes to the economy and jobs

Consider also that Obama is dealing with a Fed that's keeping interest rates at nearly 0%. Of course according to Vette NOTHING has an impact on inflation except printing more money.

 

[mercury14]

If Bush were in the WH, you wouldn't be as accommodating as you imply I ought to be, but then again you are a hypocrite.

Wow, defend your bullshit point and stop deflecting? You made claims and challenged your opponents to counter them. Well we did. Just admit that you either made a bunch of crap up because you pay more for your All-Bran than you did in 1958.

 

[RobDownSouth]

Wow, defend your bullshit point and stop deflecting? You made claims and challenged your opponents to counter them. Well we did. Just admit that you either made a bunch of crap up because you pay more for your All-Bran than you did in 1958.

Since none of our conservative brethren seem to have sufficient manly essence to answer the question, I'll ask you Merc:

What's an acceptable rate of inflation?

Personally, I think somewhere between 1.5 and 3.5 percent would be ideal.

 

[unregistered]

 

[RobDownSouth]

Zero.

I rest my case, folks.

 

[NeverEndingMe]

Since none of our conservative brethren seem to have sufficient manly essence to answer the question, I'll ask you Merc:

What's an acceptable rate of inflation?

Personally, I think somewhere between 1.5 and 3.5 percent would be ideal.

about right

 

[RobDownSouth]

about right

Tell Vetty what happens in a zero inflation economy over time, please.

 

[Sean Renaud]

Zero.

Wouldn't that mean that nobody is creating any new jobs? OR that you're simply enriching the rich more and more because since we have the same amount of dollars as before but more people, more jobs and in general more stuff that yeah the value of a penny would eventually rise enough that you'd have people breaking into junkyards to search the couches but. . .that doesn't sound ideal to me.

 

[mercury14]

Zero.

Shooting for 0% inflation is a terrible idea as it puts us at risk for deflation because of either normal fluctuations or a negative economic event.

What Vette isn't aware of is that zero or very low inflation means a very low level of growth in prices and economic growth. A healthy, growing economy has prices that increase at a slow but steady amount every year. Long-term financial holdings are the only aspect of the economy that I can think of that benefit from 0% inflation.

Personally, I think somewhere between 1.5 and 3.5 percent would be ideal.

I'd go a little broader with 1%-4%.

 

[NeverEndingMe]

Wouldn't that mean that nobody is creating any new jobs? OR that you're simply enriching the rich more and more because since we have the same amount of dollars as before but more people, more jobs and in general more stuff that yeah the value of a penny would eventually rise enough that you'd have people breaking into junkyards to search the couches but. . .that doesn't sound ideal to me.

wow, what's your beef with the rich? jealous? or what... help me understand

 

[unregistered]

 

[Disgustipated]

Remember, this is the idiot that thought it was even possible for someone to spend $200 million a day for 10 straight days. Econ is not his friend.

 

[RobDownSouth]

Shooting for 0% inflation is a terrible idea as it puts us at risk for deflation because of either normal fluctuations or a negative economic event.

What Vette isn't aware of is that zero or very low inflation means a very low level of growth in prices and economic growth. A healthy, growing economy has prices that increase at a slow but steady amount every year. Long-term financial holdings are the only aspect of the economy that I can think of that benefit from 0% inflation.

Many ignorant "gold bugs" have no idea that deflationary pressure is every bit as dangerous as rampant (6% plus) inflation.

Workers saving for retirement would not reap much benefit from compound interest rates near zero, which would only serve to put pressure on investors to make speculative investments, thus further undermining the financial system.

Scared older men on social security (Vetty's demographic) seem to be the only ones advocating for zero inflation.

 

[Sean Renaud]

Remember, this is the idiot that thought it was even possible for someone to spend $200 million a day for 10 straight days. Econ is not his friend.

I could spend 200 million a day for ten straight days. It might be difficult but I promise you give me that much money and I will find away to spend it. Even if it means leaving million dollar tips at Denny's.

 

[unregistered]

 

[mercury14]

I could spend 200 million a day for ten straight days. It might be difficult but I promise you give me that much money and I will find away to spend it. Even if it means leaving million dollar tips at Denny's.

Think of the calories you could consume.