July 15, 2008
– Comments (6)
retail sales barely move, but wholesale inflation jump 1.8%.
Cardigan sweaters, double nickels and malaise, anyone?
Instant replay of the late 70's, though with the added twist of the potential for global financial collapse.
I keep telling my wife that we'll be fine, as long as there isn't a global financial collapse.
I hate global financial collapse.
By the way, Seth, that 1.8% was just from last month, the yoy number was 9.2% inflation of wholesale goods. But, don't worry, bond yields are really low, so all those professionals don't expect any inflation, so it obviously isn't happening.
hahahahahaha. Yes this is wonderful!!!!!! Except for one detail, the fraud infidel leaders of your government hides true inflation of 20% or more in money supply increase and price of goods increase. Price of gas and food went up huge! But inflation is only up 1.8% because of cheaper CD players and such! Hurray you can feed your family and build your home with CD players!!!! This is an indicator of true standard of living increase!
I guess it bears repeating.