I guess about 8 months ago would have been when US Federal Reserve would have started raising short term interest rates to stave off the inflation we are now seeing in commodities like gold, food and oil.
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Federal Reserve chief Bernanke said he wanted some inflation so he is getting it.
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Prices in houses are still deflating though, odd mix of deflation and inflation going on in different areas of economy.
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you are right, inflation is here and god help us
ReplyDeletebut we have an affirmative acton incompetent president who is good in vacationing and lying- we are going to be ok......