current inflation rate is only at 0.38%
since most people are losing their jobs or taking pay cuts, stuff in the USA is still getting more expensive in away.
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plus the printing press is o
verheating
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pico, 99% of the posters here have no fukking clue what you're talking about.
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crazy drop from aug. 08, crazy, we will see when the increased gov spending hits the economy, this gives me hope in avoiding hyper inflation though...Comment -
We're seeing some weakness in the dollar this week. Made for some nice gains in commodities recently. I pounded SLV (iShares Silver) in the low $12.00's and I already have a nice return.
I'll hold, because inflation will rage and the dollar will continue to weaken..........Comment -
The total money supply has actually dropped the last 2 years - due to decreasing values of homes... You can't borrow as much on homes. Add to that the credit crunch, the money supply has drastically shrunk.
It's a good thing, too. The government is spending 2 trillion more than it has, which increases money supply (and inflation). But until the credit crunch eases, this shouldn't increase inflation.Comment