Author Topic: Insane inflation predictions...  (Read 2727 times)

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2184
  • Abstract Artist
    • View Profile
Insane inflation predictions...
« on: September 03, 2014, 01:17:08 PM »
http://knoema.com/kyaewad/us-inflation-forecast-2013-2015-and-up-to-2060-data-and-charts

WHAT THE f###

QE [pick any number] has no concequences ??  >:(
Mr. Mackin

Mackin USA

  • Inner Core
  • Hero Member
  • *
  • Posts: 2184
  • Abstract Artist
    • View Profile
Re: Insane inflation predictions...
« Reply #1 on: September 03, 2014, 01:36:07 PM »
Mr. Mackin

littleman

  • Administrator
  • Hero Member
  • *****
  • Posts: 3920
    • View Profile
Re: Insane inflation predictions...
« Reply #2 on: September 03, 2014, 03:37:26 PM »
Quote
Economist Michael Pento, a frequent and harsh Fed critic, believes the St. Louis group has some of its assumptions wrong, particularly its understanding of why people aren't spending money. He sees it more as a function of high levels of debt that are constraining spending.

There are still plenty of people who are under water on their properties.  I believe a lot of people who were living large on their credit cards will be reluctant to do that again.  Also, consumer spending is tied to employment and many are still under employed.

Brad

  • Inner Core
  • Hero Member
  • *
  • Posts: 2207
  • What, me worry?
    • View Profile
Re: Insane inflation predictions...
« Reply #3 on: September 03, 2014, 09:28:04 PM »
Littleman I think you are spot on. People around here are still paying off credit cards and are at the line on their mortgages.  A lot of healthcare debt out there too.