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#1 |
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http://online.wsj.com/article/SB1000...NewsCollection
The Federal Reserve spent the past three decades getting inflation low and keeping it there. But as the U.S. economy struggles and flirts with the prospect of deflation, some central bank officials are publicly broaching a controversial idea: lifting inflation above the Fed's informal target. __________________________________________________ ________________________________________ Why? Because we hate savers, that's why.. Because FUCK YOU, that's why.. |
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#8 |
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#9 |
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Prices are high enough as it is, especially in this economy were many are either on unemployment or have had their salaries or hours cut. Such a move will defineatly push many people over the edge. Food prices are a good example of this...They rose sharply because of transportation cost a couple of years back due to the so-called oil shortages, then fuel prices fell back down to their levels before the so-called shortages, but food prices still remain the same.
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#10 |
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Oil just hit 84 bucks a barrel.
Another 150 surge will PWN a lot of people who aren't in the investor class (Which will declare it a good thing, and oil "undervalued" till they see the knock on effects) raise prices across the board, cost jobs, etc. These people aren't willing to address the policy side of this.. they want a quick fix so the party can rock on unhindered. It's not going to happen. |
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