"Inflation is...Dead" in USA Today

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SteveR's picture
SteveR
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Joined: Dec 4 2008
Posts: 71
"Inflation is...Dead" in USA Today

Did anyone else read this recent article in the USA?  Some quotes:

Inflation is as dead as the Wicked Witch of the West in a waterfall.

If you're worried about inflation rearing its ugly head soon, relax. Inflation just isn't going to happen in this economy.

To get to inflation, however, you need a humming economy, and the economy is barely breathing.

I'm still trying to understand all of this "economy" stuff, but this article just seems to be blatantly incorrect.  I mean, three of the most famous episodes of inflation (Weimar Germany, 1970s in the US, and Zimbabwe today) occurred in terrible economies.

Can someone give me a sanity check please?

Rising national debt raises prospects of eventual inflation:
http://www.usatoday.com/money/economy/inflation/2009-06-28-national-debt...

SteveR's picture
SteveR
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Posts: 71
Re: "Inflation is...Dead" in USA Today

Forgot to add..

Or is this just TPTB applying soothing salve to the fears of the sheeple, via the mainstream media?

investorzzo's picture
investorzzo
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Re: "Inflation is...Dead" in USA Today

I don't think so!

http://warrenbuffet101.blogspot.com/2009/06/warren-buffett-too-warns-abo...

SagerXX's picture
SagerXX
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Re: "Inflation is...Dead" in USA Today

 If USA Today says inflation is d-e-a-ddead, then I would go to yellow alert and brace for inflation.

Viva -- Sager

Cloudfire's picture
Cloudfire
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Re: "Inflation is...Dead" in USA Today
SagerXX wrote:

 If USA Today says inflation is d-e-a-ddead, then I would go to yellow alert and brace for inflation.

Viva -- Sager

Ditto that . . . This, in my mind, is confirmation, not refutation . . .

JAG's picture
JAG
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Posts: 2492
Re: "Inflation is...Dead" in USA Today

 SteveR,

Do remember the title of the "inflation is Dead" article. I would like to read it and see who wrote it before I comment on it.

Thanks.

JAG's picture
JAG
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Posts: 2492
Re: "Inflation is...Dead" in USA Today

 I'll worry about Hyperinflation when the Dow hits 15,000. Right now, I am more worried about DOW 3600.

agitating prop's picture
agitating prop
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Re: "Inflation is...Dead" in USA Today
SagerXX wrote:

 If USA Today says inflation is d-e-a-ddead, then I would go to yellow alert and brace for inflation.

Viva -- Sager

Isn't that the truth. What it tells me, is the govt. is trying to ease fears of inflation as it continues it's pro-inflation agenda. I don't trust any point of view or numbers, stats radiating from the mainstream, at this point.

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