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Bearish Kaletski Article

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Possibly of some interest. Briefly he is talking about the risk of inflation to the US economy and inaction on the part of Ben Bernanke. Apologies if this duplicates another thread (this is a follow up article to last Friday's and not the same one).

Shame Kaletski does not pick up on the fact that the Fed should have raisd IR's more in the past to control inflation more today or he could have asked to what level the Fed are prepared to let inflation raise to before kicking in with punative IR hikes?

My view is that the Fed are leting inflation take hold - I do hope not itherwise wave goodbuy to your money if you are a saver - saver get kicked in the teeth for not spending when they are supposed to - you saves your fiat money you pays your price.


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Headline inflation jumped to 4.3 per cent, the figure excluding energy and food jumped to 2.6 per cent and the Cleveland Fed’s median inflation index (generally seen as a better indicator than the ex-energy and food figure) rose to 3.5 per cent.


Yet Mr Bernanke seemed unperturbed and unrepentant. He did not apologise for the fact that inflation is far above the Fed’s targets and still rising. Instead, he suggested that the figures could be made to look better by removing “distorting” factors such as energy and rents.

So that's how you fix inflation, just remove the "distorting" factors.

Genius. He won't be the first or the last Bank Governor to realise this marvel of finance.

Edited by BandWagon

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
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      • up 5%

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