Re: Wholesale Inflation Rate Soars
- From: Rumpelstiltskin <PleaseDoNotReplyByEmail@xxxxxxxxxxx>
- Date: Sat, 01 Mar 2008 05:50:07 GMT
On 29 Feb 2008 20:55:37 GMT, awouk@xxxxxxxxxxxxxxxxx (arthur wouk)
wrote:
In article <sf8es3thk0g5m5gh955qvqu26f16gq75pk@xxxxxxx>,<snip>
Rumpelstiltskin <PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote:
:>:>by the way, by doing this we are also expofting inflation to the rest of
:>:>the world. that is why they are complaining about inflation there too.
:>:
:>:
:>:
:>: I'd think the major hurt to other countries would be if they
:>:buy our bonds, or fail to cash in the ones they have before
:>:things get worse, but maybe there's something else I'm not
:>:appreciating.
:>
:>no. they inflate their currencies so that their products are not priced
:>out of markets.
:>
:>if you read financial pages you would know that food and other commodity
:>costs are increasing at rapid rates around the world, and the poor almost
:>everywhere are complaining abiyt their inability to eat.
:
:
: I knew it was happening here, and since the USA is one of the
:world's major food producers, I expect that would affect the rest
:of the world. I thought it was mostly due to using crops for fuel
:in the USA. That seems to me a terrible idea, because we're
:burning up the products of topsoil and not replenishing it, at a
:greater rate than if we were growing crops for food, I expect.
:
: I wasn't aware other countries were inflating their currencies - it
:sure isn't happening in Europe and Britain and Canada and
:Australia, since the dollar is sinking at a frightening rate of speed
:against those currencies. I wish the other countries would inflate
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
:their currencies, then the USA wouldn't be so badly off by
^^^^^^^^^^^^^^^^^^
:comparison. Of course, everybody who has assets in cash is
:screwed when the currency inflates, but lately real estate seems
:to be faring even worse, since the value of things in dollars is
:dropping on top of the value of the dollar dropping.
they are, just not quite as fast as we are doing it. the pound is not moving
much relative the the us$, canada and the EU are holding the line on
inflation, so they are appreciating. it is not clear how much longer they can
do so.
I'd invest in foreign currencies except that one really has to
make it a "job" to do that successfully, which I'm not willing to
do, and even if I did I don't know if I'd be any good at it.
I sure wish I'd converted everything I had to just about
anything except American dollars in 2000, though, given the
advantage of hindsight. I'd have close to twice as much
money in real value as I have now. I'm very hesitant about
that stuff though, because I never really understand it. I
don't know how the American dollar held up as long as it
did, and I have no idea if the Euro would collapse as soon
as I bought Euros. My whole plan was based on having a
reliable currency that I didn't have to spend any time
thinking about, but that's sure shot to hell now.
<snip>
when questioned about $4/gallon gas, he was surprised. we will all be
surprised this summer, however, since that is what is forecast for the driving
season unless the economy crashes vefore then.
no one in the whitehouse has the guts to tell him whar is coing on in the
country.
Maybe they do tell him but he doesn't listen.
.
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