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I think the deflationary pressures from the economic collapse are largely offsetting inflationary pressures. I'm not an American, but that's why I'm not too con
by 9oliYQjP 17y ago
I think the deflationary pressures from the economic collapse are largely offsetting inflationary pressures. I'm not an American, but that's why I'm not too concerned about the fiscal stimulus your country has enacted. I suspect we'll see a lot of see-sawing of monthly inflation in positive and negative directions for the next year. Say what you will about the massive numbers been thrown around by these bailouts; they're a fraction of the numbers they're trying to offset. Moreover, China will prevent the U.S. federal government from keeping the taps open too long. Because of this, I'm not buying into the notion that we'll see explosive inflation in the next few years.
- stuffthatmatter 17y agoActually I believe: There is inflation in things you need (gas, food, energy, utilities) and deflation in things you want (luxury items, car, house)
- 9oliYQjP 17y agoAt least here in Canada, the following was just reported by the government: http://www.statcan.gc.ca/subjects-sujets/cpi-ipc/cpi-ipc-eng.htm http://www.statcan.gc.ca/subjects-sujets/cpi-ipc/cpi-ipc-eng... DEFLATION: -Shelter -Clothing, footwear -Transportation INFLATION: -Food -Household furnishings/equipment -Health and personal care -Recreation, education, reading -Alcohol and tobacco So it's not as clear cut (at least here in Canada over the last year) as necessities seeing their prices go up with luxury items seeing them fall.
- nostrademons 17y agoRents have gone down significantly here in California since the start of the year. That's a necessity... For that matter, gas prices were like 50% higher before this crisis began...
- dan_the_welder 17y agoOk, this is the kind of nuanced information I have been craving instead of the yes/no black/white gibberish on the news.