DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
7 comments:
Inflation is going to occur. If not we'd still be buying bread for 5 cents a loaf. Don't put all inflation on this administration. Inflation is a "people" problem. We want to get paid more and more every year. Where do you think that money comes from?
The ability to raise and lower the interest rate is a valuable tool. But that sword has two edges. After 9/11 the feds saw the need to lower the interest rate to stimulate the economy. OK.....I can see that BUT lower it a little and WAIT. Wait for the results to play out. The rates were lowered, then lowered again, and again, etc. People (once again) became greedy. They thought they were seeing an opportunity to become rich quickly. It started with property values going up - way too high. As inflation took hold the feds saw the need to raise the rates. As the rates were raised, the economy slowed - dramatically. In my opinion, we wouldn't be where we are now if the interest rates were lowered slowly and in small increments and they subsequently wouldn't have been lowered to the point to which they were. The housing market would not have had a "bubble" and subsequently there would have been no bubble to burst. With no bubble to burst, no one would have felt compelled to shift their investments to oil making stock in oil so expensive and driving fuel prices through the roof. Truth of the matter is though that with interest rates as low as they are, inflation would be worse if fuel prices were low. If fuel prices should start to come down substantially, the interest rates will have to be raised to keep inflation at a bearable level.
"Don't put all inflation on this administration. Inflation is a "people" problem. We want to get paid more and more every year..."
Keep drinking the kool aid, Dude.
"This administration," including the Congress and especially the Fed, have royally f**ked the savers, retirees and working folks of this country, their children and grandchildren.
the dollar was weakened the minute nixon did away with the gold exchange, we have been heading hear ever since. eventually the world will trade with the euro, not the dollar. economic collapse is just around the horizon, the american credit card debt is so much more than the mortage crises, wait til that goes bust.
On the home front, I might add a to what Ron Paul was saying.
I'm just as concerned at the explosive rate of Government growth, both, Federal & State, and County.
Our County budget in Wicomico was at 99 million in 2004 and this years projected budget is 132 million or approximately 33% over the span of 4 years. Now that is alarming.
make's ya wanna get your money out of the bank and bury it in the yard doesn't it? cash it all in on the euro now and bury it don't wait for the "adjustment." I spent a whole winter in mexico when their peso crashed, lived like a king in 1982 on $10 a day
Wages are like many others things, you get paid according to the demand. You can't demand people to pay you what you want, but you can get what they are willing to pay if you play your cards right. Jobs are part of the free market.
"Why can't we all just get along?"
Rod
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