26 October 2010

26 OCT 2010, Tuesday (PM)

  • Government reported CPI at the close of August showed 1.1% inflation (Psst...remember that the Federal Reserve has said they want this to double to 2%).  Yet the picture above shows the year over year change in prices for many commodities.  Do you want to see those commodities double too?  From their already pumped up prices?
  • The Federal Reserve has been pumping a lot of money into the system.  Only, it's not going into improvement of the economy and job creation.  It's hot money going into speculative trading.  Is the Fed creating more bubbles through easy money?  And at what cost to the average person?  There is no free lunch.  
  • And if manufacturing has to pay these increased prices yet can't pass the price increases on to customers due to low demand...what does that do to their earnings?
  • This crap has got to stop...before it catches up to us regular folks at the supermarket.
  • POMO money stopped the market from falling and brought it back to flat on the day.

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