Americans Finally Worried About Inflation

AbbieT · Coal Joined: Mar 18, 2008 Posts: 13

http://money.cnn.com/2008/03/18/news/economy/cnn_poll_inflation/index.htm?section=money_topstories

Its about time the herd starts thinking about inflation. It seems like usually people think it doesn't really affect them. In fact I bet most people will cheer when the fed comes out with its next big interest rate cut.

Can anyone say, Stagflation!!

patience · Expert Joined: Jan 04, 2008 Posts: 1503

By the time most people catch up to the fact of prices going up, they'll be headed down again. Unfortunately, by then the economy will be so bad, they will be even less able to buy. Well, that's my thesis anyway--first a crackup boom, then, deflation lasting for the foreseeable future.

If I'm right, then when prices are going up, we should be saving for when they go down again. If I follow that strategy and I'm wrong, then I lose a lot of buying power.

Place your bets, ladies and gentlemen!
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CheerUp · Coal Joined: Mar 18, 2008 Posts: 1

The Western World is slowly waking up to the fact that the guy making a million dollars a year and Joe six pack making 60 grand shouldn't be living the same relative lifesytle... Nice house, couple cars, eating really well, and Disney vactions of course. Why not money is free !

Middle class "Joe" needs to be very afraid. With homes at best not a liquid all of a sudden, and vertually everything inching up in price, inflation probably should keep Joe up at night.

Rest assured though as soon as the masses start fretting about inflation, it will be stagflation that should be on our minds.... but Joe likes being one step behind.

"Cheer up, the worst is yet to come."

heroineworshipper

In Calif*, houses R up to $3 million. Anything under $3 million doesn't sell, so they've been delisted. When builders realized the executive market was booming, they stopped making $1 million Japan towns & focused on $3 million executive mansions. They don't need middle class incomes to sell houses anymore. Executives R scoring, thanks to free credit, subprime & loan bailouts, & leverage to raise prices. Workers & their subprime woes R just getting left behind.
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There will be enslavement, cannibalism, & zombie invasions.

Falconoffury · Expert Joined: May 25, 2004 Posts: 1420

Too bad they didn't wake up earlier, before Ron Paul lost all hope of becoming the Republican candidate.
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