LOGO
General Discussion Undecided where to post - do it here.

Reply to Thread New Thread
Old 11-05-2009, 10:02 AM   #1
actioliGalm

Join Date
Oct 2005
Posts
439
Senior Member
Default Inflation and Obama's trillion dollar plans
Is there any inflation happening because of so much money being printed?

I checked online forexs and looked at the prices at Amazon.com, but the exchange rate and online prices do not indicate that any inflation has even taken place.

Is something going on here?
actioliGalm is offline


Old 11-05-2009, 10:35 AM   #2
ReginaPerss

Join Date
Nov 2005
Posts
489
Senior Member
Default
Data is only available up to the month of March. But, going on the data from March, the answer is no, none at the moment. In fact, there seems to have been a little deflation.

http://stats.bls.gov/news.release/cpi.nr0.htm


CPI for All Urban Consumers (CPI-U)


The Consumer Price Index for All Urban Consumers (CPI-U) increased
0.2 percent in March, before seasonal adjustment, the Bureau of Labor
Statistics of the U.S. Department of Labor reported today. The index has
decreased 0.4 percent over the last year, the first 12 month decline since
August 1955. The exchange rate between the USD and the Euro seems to be stable too. The act was signed into law in Feb of 2009.
http://www.oanda.com/convert/fxhisto...L&redirected=1
ReginaPerss is offline


Old 11-05-2009, 10:48 AM   #3
Karpattaisp

Join Date
Oct 2005
Posts
367
Senior Member
Default
in my area, gasoline has gone up from 1.65 a gallon( two months ago) to 2.15 a gallon(today)
Most things that had their taxes raised on them have gone up in price. But the things that didnt have a tax hike, have stayed the same or lowered in price. So, it seems the only inflated prices are the ones the government taxed heavily.( so far)
Karpattaisp is offline


Old 11-05-2009, 11:05 PM   #4
blackjackiisre

Join Date
Oct 2005
Posts
507
Senior Member
Default
Is there any inflation happening because of so much money being printed? not yet, USD can float on borrowed money. as long as debt is brought, they don't need to print money. this was the argument used by the bush administration, it only collapse when China and Japan start collecting their debt, which they won't do because they are having more fun buying up the world. billions of USD is given to chinese companies to fund their takeover operations...

the US government watches on, this is afterall 'investment' into USA, it is 'good' of the economy... obama is more that willing to sacrifice corrupted US company to save the economy. the indian lobby has been screaming in the past weeks due to obama's plans to tax outsourcing, which most of it goes to india. it hurts US company but save jobs; it is pretty much heading toward becoming "sweden".

dunno if it is the right decision but i am sure the republican hate it.
blackjackiisre is offline


Old 11-06-2009, 01:42 AM   #5
timgillmoreeztf

Join Date
Oct 2005
Posts
341
Senior Member
Default
in my area, gasoline has gone up from 1.65 a gallon( two months ago) to 2.15 a gallon(today)
Most things that had their taxes raised on them have gone up in price. But the things that didnt have a tax hike, have stayed the same or lowered in price. So, it seems the only inflated prices are the ones the government taxed heavily.( so far)
What is that supposed to mean? The price of gas has gone up because the price of oil has gone up and the price of oil is directly linked to the strength of the dollar. It has pretty much nothing to do with taxes.

Twelve month chart GB Pound vs US Dollar
Twelve month chart WTIC oil price

Are you seeing any patterns there?
timgillmoreeztf is offline


Old 11-06-2009, 01:49 AM   #6
Pinkman

Join Date
Oct 2005
Posts
593
Senior Member
Default
in my area, gasoline has gone up from 1.65 a gallon( two months ago) to 2.15 a gallon(today)
Most things that had their taxes raised on them have gone up in price. But the things that didnt have a tax hike, have stayed the same or lowered in price. So, it seems the only inflated prices are the ones the government taxed heavily.( so far)
That doesn't make any sense...
Pinkman is offline


Old 11-06-2009, 01:58 AM   #7
timgillmoreeztf

Join Date
Oct 2005
Posts
341
Senior Member
Default
Is there any inflation happening because of so much money being printed?

I checked online forexs and looked at the prices at Amazon.com, but the exchange rate and online prices do not indicate that any inflation has even taken place.
I guess it really depends on how you define inflation. Most of the money is going to prop up deflated assets prices and failed companies. Because of this little of the money is actually getting into the system and isn't able to effect consumer prices in the usual way an increase in the supply of money would do.

As far as looking at Forex to try and look for inflation it's a worthless venture for two reasons. One, the dollar has been strengthening due to it's safe haven quality and two all countries are out to devalue their currencies as much as they possibly can so what you are looking for may not show up there. I'd say in the long run though expect inflation because that is what governments/central banks are desperate to create and the moves in the long end of the bond yields is point that way.
timgillmoreeztf is offline


Old 11-06-2009, 02:16 AM   #8
Wheegiabe

Join Date
Oct 2005
Posts
411
Senior Member
Default
Inflation is coming, rest assured.
Wheegiabe is offline



Reply to Thread New Thread

« Previous Thread | Next Thread »

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 

All times are GMT +1. The time now is 06:38 PM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.6.0 PL2
Design & Developed by Amodity.com
Copyright© Amodity