Torygraph: Bernanke will make things a lot worse by repeating Greenspan's mistakes

WTF?_2

setmefree2 wrote: »

Thanks for this article. I have to say that I find it less than convincing. In particular this quote:-

"Really? The US still has a big inflationary problem. And now we have both a monetary and fiscal policy that is wildly expansionary. That could easily spark more inflation, despite the economic slowdown, undermine real income and prolong America's slump. "

Inflation? Where? 25% falls in HPs, 40% falls in stock markets, 40% falls in pension funds, the collapse of car prices? Please where is the inflation?

That could easily spark more inflation? WHAT INFLATION?

Monetary inflation caused by 'money printing' (justified by TPTB as being a response to credit led deflation)

Consumer Price Inflation caused by the recent slide in the dollar - it only recovered ground in the last few months as other major economies started to suffer their own economic crises - the yanks were a year ahead of the rest of the world. The dollar
was very weak before these recent events.

setmefree2

!!!!!!? wrote: »

Monetary inflation caused by 'money printing' (justified by TPTB as being a response to credit led deflation)

Consumer Price Inflation caused by the recent slide in the dollar - it only recovered ground in the last few months as other major economies started to suffer their own economic crises - the yanks were a year ahead of the rest of the world. The dollar
was very weak before these recent events.

I'm sure you'd agree that these inflation indices really don't tell us anything about real inflation do they? Inflation indicies in the UK & US showed we had hardly any inflation when HPs and the stock market were going through the roof....