Inflation Biggest Threat to U.S. Econ...

Inflation Biggest Threat to U.S. Economy in 2010

Posted in the Conneaut Forum

Media Alert

Conneaut, OH

#1 Dec 31, 2009
Inflation Biggest Threat to U.S. Economy in 2010
In 2009, we saw the monetary inflation created by the Federal Reserve's zero percent interest rates drive up the prices of U.S. stocks, without dramatically increasing the prices of U.S. consumer goods. We consider 2009 to have been a brief period of euphoria, before a rapid increase in the prices of food, energy, clothes and other necessities Americans need to live and survive. With Goldman Sachs and JP Morgan employees taking home record bonuses this month, it's only a matter of time before this money works its way through the system.
We saw an artificial boost in the U.S. GDP this year because of government stimulus spending. In our documentary 'The Dollar Bubble' we spoke about how the destructive 'Cash for Clunkers' program accounted for 42% of the U.S. government's reported 3.53% GDP growth in the 3Q of 2009. However, on December 22nd, the U.S. Bureau of Economic Analysis revised 3Q GDP growth down to 2.24%. After this latest revision,'Cash for Clunkers' now accounts for the overwhelming majority of the reported GDP growth in the 3Q. Adjusted for real inflation, U.S. GDP is actually contracting today.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Conneaut Discussions

Title Updated Last By Comments
Josh Million, a murderer? (Feb '14) Jul 18 Truth hurts 130
News Ohio State Fills Three Grape Industry Positions May '16 June 1
News Ohio couple pleads guilty to keeping adopted ki... May '16 June 1
News News Spe's TopCon draws about 155 attendees to ... May '16 June 1
News Trump's potential VP list includes a lot of foes May '16 June 1
News Officers alerted for woman who may have brought... May '16 June 1
Nicholas J vocca to run for vice president unde... May '16 CHIP and DALE 1

Conneaut Jobs

More from around the web

Personal Finance

Conneaut Mortgages