Remember the "Inflation Crisis"?

[S-Chrome]

Oct 23, 2008 8:28:38 GMT -5 erisi236 said:

and NBA players were tripping over themselves to sign to any European team because the Euro was so awesome.

Seriously, in the span of three months, the Euro has went from worth $1.59 to just $1.25

[Mr. Backlund]

The problem was the $ was getting beat up extremely bad in those months, which is why Oil went insane-o high (amongst a number of other reasons) and a lot of commodity goods went up, as well. The US was where Europe and Asia are now as far as tanking economies go, so everything is washing out and they're "catching up" to us, leading to the $ getting stronger relative to these other currencies. I haven't seen anything but gas go down significantly and you'd probably not want to see the bottom fall out on everything, as that'd be bad. That's deflation and that's a really big problem to have.

Also, our Canadian friends are in major trouble and the Canadian $ is going to go down significantly soon.

[Bob Schlapowitz]

Inflation Crisis? Is that DC's annual company wide crossover?

[Jay Peas 42]

Hmm, good name for a New Frontier Style Comic set in the seventies. White Clad Wonder Women teams up with depowered Superman, Green Lantern and Green Arrow and Speedy the Junkie, and Black Lighting to deal with the New Gods who destroyed Apollo 11 and sent Earth into chaos.

The Inflation Crisis was tied up with the Oil Crisis. You see, rises in the price of oil drives the price of goods up by increasing transportation costs, and it benefits no one, besides, well someone (I'm not sure where the primary beneficary of high oil prices is, that is to say, extraction, the futures market, refining, the owners).

The second problem is, this is an election year. A tried and true method of opposition party to play up the failures of the ruling parties's economic policy, diminish their sucesses, and claim their own policies will leave a chicken in every pot, and a car in every garage. The argument is rarely consistant with the facts.

[H-Fist]

Oct 24, 2008 0:40:11 GMT -5 Aceorton said:

Oct 24, 2008 0:37:49 GMT -5 H-Fist said:

We will likely see a bit of a sideways/upward trend over the course of the next year or three, with the mild but noticeable upswing starting somewhere in the 7-10 month range. Then we are in for a big downswing.

So in 7-10 months it'll seem better, but then it will really start to suck? Please clarify.

The numbers will start to look better as the major takeovers and buyouts, facilitated by the federal government's actions, slow down. Stability, in addition to a new administration, will allow for some confidence that will help things appear to improve. The underlying problems, however: fossil fuel dependence, bad mortgages, way too much credit card debt, inefficient health care and insufficient SS for those who wish to retire, excessive military spending, poorly structured state/local budgets that suck funds from the federal budget, Detroit's heel-dragging and the death of American industry...these things all remain the same. And eventually the confidence of the American people and the death of the true middle class will force the next downward wave (market economies operate cyclically in a recurrent wave pattern) that likely will be much more catastrophic for individuals and for the country at large. The timeline is an estimate, but we could well see a decent bit of time through maybe 2010, and the timing of the moves will effect a great deal of change in whichever major election they precede. The market operates cyclically and, if not predictably, at least with noticeable trends. Greenspan opts for bubble on top of bubble, thus delaying the downward moves we have seen recently.

[Bravo Echo November]

Well there is one good thing about the recession... gas is only $2.28 here!

[BK From WV]

Bread is still around 1.99-2.19 a loaf here,milk is about 2.59 a gallon,and gas is 2.89. This stuff has went down in price but it's still outrageous.

[Aceorton]

Oct 24, 2008 23:33:27 GMT -5 H-Fist said:

Oct 24, 2008 0:40:11 GMT -5 Aceorton said:

So in 7-10 months it'll seem better, but then it will really start to suck? Please clarify.

The numbers will start to look better as the major takeovers and buyouts, facilitated by the federal government's actions, slow down. Stability, in addition to a new administration, will allow for some confidence that will help things appear to improve. The underlying problems, however: fossil fuel dependence, bad mortgages, way too much credit card debt, inefficient health care and insufficient SS for those who wish to retire, excessive military spending, poorly structured state/local budgets that suck funds from the federal budget, Detroit's heel-dragging and the death of American industry...these things all remain the same. And eventually the confidence of the American people and the death of the true middle class will force the next downward wave (market economies operate cyclically in a recurrent wave pattern) that likely will be much more catastrophic for individuals and for the country at large. The timeline is an estimate, but we could well see a decent bit of time through maybe 2010, and the timing of the moves will effect a great deal of change in whichever major election they precede. The market operates cyclically and, if not predictably, at least with noticeable trends. Greenspan opts for bubble on top of bubble, thus delaying the downward moves we have seen recently.

Wow.

That blows.

So is there realistically anything that can save us?

[The Booty Disciple]

Oct 25, 2008 0:15:10 GMT -5 BK From WV said:

Bread is still around 1.99-2.19 a loaf here,milk is about 2.59 a gallon,and gas is 2.89. This stuff has went down in price but it's still outrageous.

That's too bad. I'd hate to think it's only the upper crust of our society that can afford goods. I'd hate to have to loaf around the second hand stores because I knead some goods too.

[Aceorton]

Oct 25, 2008 1:11:59 GMT -5 The Booty Disciple said:

Oct 25, 2008 0:15:10 GMT -5 BK From WV said:

Bread is still around 1.99-2.19 a loaf here,milk is about 2.59 a gallon,and gas is 2.89. This stuff has went down in price but it's still outrageous.

That's too bad. I'd hate to think it's only the upper crust of our society that can afford goods. I'd hate to have to loaf around the second hand stores because I knead some goods too.

You really don't think you'll have enough dough? Or are you just saying that to get a rise out of us?

[The Line]

Oct 25, 2008 0:21:03 GMT -5 Aceorton said:

Oct 24, 2008 23:33:27 GMT -5 H-Fist said:

The numbers will start to look better as the major takeovers and buyouts, facilitated by the federal government's actions, slow down. Stability, in addition to a new administration, will allow for some confidence that will help things appear to improve. The underlying problems, however: fossil fuel dependence, bad mortgages, way too much credit card debt, inefficient health care and insufficient SS for those who wish to retire, excessive military spending, poorly structured state/local budgets that suck funds from the federal budget, Detroit's heel-dragging and the death of American industry...these things all remain the same. And eventually the confidence of the American people and the death of the true middle class will force the next downward wave (market economies operate cyclically in a recurrent wave pattern) that likely will be much more catastrophic for individuals and for the country at large. The timeline is an estimate, but we could well see a decent bit of time through maybe 2010, and the timing of the moves will effect a great deal of change in whichever major election they precede. The market operates cyclically and, if not predictably, at least with noticeable trends. Greenspan opts for bubble on top of bubble, thus delaying the downward moves we have seen recently.

Wow.

That blows.

So is there realistically anything that can save us?

Jericho

[Aceorton]

Oct 25, 2008 3:08:00 GMT -5 The Line said:

Oct 25, 2008 0:21:03 GMT -5 Aceorton said:

Wow.

That blows.

So is there realistically anything that can save us?

Jericho

Two hours and forty-seven minutes later, someone can't resist.

[Jay Peas 42]

Oct 24, 2008 23:33:27 GMT -5 H-Fist said:

Oct 24, 2008 0:40:11 GMT -5 Aceorton said:

So in 7-10 months it'll seem better, but then it will really start to suck? Please clarify.

The numbers will start to look better as the major takeovers and buyouts, facilitated by the federal government's actions, slow down. Stability, in addition to a new administration, will allow for some confidence that will help things appear to improve. The underlying problems, however: fossil fuel dependence, bad mortgages, way too much credit card debt, inefficient health care and insufficient SS for those who wish to retire, excessive military spending, poorly structured state/local budgets that suck funds from the federal budget, Detroit's heel-dragging and the death of American industry...these things all remain the same. And eventually the confidence of the American people and the death of the true middle class will force the next downward wave (market economies operate cyclically in a recurrent wave pattern) that likely will be much more catastrophic for individuals and for the country at large. The timeline is an estimate, but we could well see a decent bit of time through maybe 2010, and the timing of the moves will effect a great deal of change in whichever major election they precede. The market operates cyclically and, if not predictably, at least with noticeable trends. Greenspan opts for bubble on top of bubble, thus delaying the downward moves we have seen recently.

Your analysis is good, I only three major objections. First, new administrations will probably lead to a brief downturns. Most foreign investors don't quite expect the same orderly transition of power Americans take for granted. Second, Military spending is about 3%-4% of GDP, comparable to most western nations. That's not the problem, the massive decifit financing to pay for it, well, that's a problem, but a drop in the bucket kind of one. Three, American industry is not dying. In absolute terms, it's as strong as it's ever been, the problem is that it doesn't employ as many people as it used to due to automation.

[The Booty Disciple]

Oct 25, 2008 3:00:13 GMT -5 Aceorton said:

Oct 25, 2008 1:11:59 GMT -5 The Booty Disciple said:

That's too bad. I'd hate to think it's only the upper crust of our society that can afford goods. I'd hate to have to loaf around the second hand stores because I knead some goods too.

You really don't think you'll have enough dough? Or are you just saying that to get a rise out of us?

Well, I'd like to think that I could afford to live on the upper crust, but in all reality, things are looking just a bit crumby right now.