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Federal Reserve chairman Ben Bernanke is a phony

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firefox_fan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 08:57 PM
Original message
Federal Reserve chairman Ben Bernanke is a phony
Bernanke: Oil prices not a top inflation concern

Swings in volatile energy and food prices will have minimal impact on inflation as long as inflation expectations are held steady, Federal Reserve chairman Ben Bernanke said today in Cambridge.

‘‘If inflation expectations are well anchored, changes in energy prices should have relatively little influence on ‘core’ inflation, that is, inflation excluding the prices of food and energy,’’ Bernanke told the National Bureau of Economic Research.

http://www.boston.com/business/ticker/2007/07/bernanke_oil_pr.html
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firefox_fan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 08:58 PM
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1. The logic is clear.
If you don't include the price of things that go up, inflation is low.
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burythehatchet Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 09:00 PM
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2. bs bs bs
a year ago I got a liter of coke for 99 cents. Now its 1.39
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ljm2002 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 09:08 PM
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3. "excluding the prices of food and energy"...
...yes, by all means, let's exclude the price of the things that people actually need to survive on a daily basis. That will give a solid number. You betcha.
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firefox_fan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 09:09 PM
Response to Reply #3
4. The price of useless stuff stays low because nobody buys it.
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firefox_fan Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 09:10 PM
Response to Original message
5. "If inflation expectations are well anchored"
Edited on Tue Jul-10-07 09:10 PM by firefox_fan
Translation: If you believe things are OK, things will be OK. Like with Katrina.
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whistle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-10-07 09:22 PM
Response to Original message
6. Ben Bernanke is an idiot and a stooge for Big Banks...he will
....over inflate the economy and cause a monetary and economic meltdown within twelve months.
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