Inflation is not materializing, still far below the 1970s as the attached PPI graph shows. WTI Oil is $82 today so gas prices should fall further. If companies raise prices then people will not buy so there is a limit what they can charge for non-essentials. Companies are hoarding cash. People are paying off loans instead of spending so recklessly. Rich fat cat gays get lots of money, do not pay taxes, and hoard money or buy luxuries from abroad such as Bentleys, Bugattis, Mansions, Wines, Paintings by dead artists who are not working today, which does not provide jobs for Americans. Government is also cutting back. There is not much demand, not much spending growth. Looks like we are in permanent stagnation with not much inflation except in goods where they rich can screw the poor such as oil, food, medicine, and college. Black Obama’s black bus is like a hearse touring the country, an armada of doom further spreading depressing messages about the depressed economy. “The vehicle looks like a creation out of Batman and the president appears as Paul Revere of the Apocalypse.”
If everybody is fearful and depressed they will hide out at home, not work or spend, and only come out to shoot at each other and thus cause a famine and political breakdown as in dark Africa. Are we in the early stages of a depression or will we just muddle along for years with little movement up or down? Seems the politicians have not changed their tune in years. Do they have any new ideas or is the current stalemate the best they have to offer? Is gridlock better than decisive action? Will our armies returning from victory in Iraq and Afghanistan save the day?
It is hard to get good price indexes for marijuana and other illegals:
Street Prices of Cannabis, Ecstasy and Cocaine at an All-time Low, Sep 10, 2006
The Producer Price Index for finished goods rose 0.2 percent in July, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed a 0.4-percent decrease in June and a 0.2-percent rise in May.