Long Term Treasury Yields Likely to Rise, Pressuring Dollar Lower [View article]
Let's get for real here. The inflation that is coming will be double-digits, and yes, it is INTENDED. Inflation will be rampant, and it will be the saving grace for the Obama Administration, because they will be able to report higher personal income increases than ever before. The $30k a school teacher now makes will be $70k in the next few years.
They believe that inflation will solve our problems. E.g., it will lead to higher housing prices and spur demand back into housing, and it will inflate personal incomes and salaries all to the point where we can all afford our debt. This new "government" bubble will buy time for consumers and our government to dig out from their debt and then the next deflation/crash will (supposedly) relatively mild because more consumers will have a healthier balance sheet in which to re-inflate themselves. At least, that is the current administration's thinking.
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Let's get for real here. The inflation that is coming will be double-digits, and yes, it is INTENDED. Inflation will be rampant, and it will be the saving grace for the Obama Administration, because they will be able to report higher personal income increases than ever before. The $30k a school teacher now makes will be $70k in the next few years.
May 02 14:56 pm
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All Comments by Timmothy Posey »Long Term Treasury Yields Likely to Rise, Pressuring Dollar Lower [View article]
They believe that inflation will solve our problems. E.g., it will lead to higher housing prices and spur demand back into housing, and it will inflate personal incomes and salaries all to the point where we can all afford our debt. This new "government" bubble will buy time for consumers and our government to dig out from their debt and then the next deflation/crash will (supposedly) relatively mild because more consumers will have a healthier balance sheet in which to re-inflate themselves. At least, that is the current administration's thinking.