Thread: Deflation
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Old 01-25-2009, 03:39 AM
  #6  
jungle
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Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
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Originally Posted by TimoC View Post
Not sure where you are going, but keep smoking what you are smoking..

Funny, but why not try an argument that is supported by facts?



"The annual rate of U.S. inflation plunged to 0.1% in 2008, with consumer prices driven down by falling energy prices. The cost of living dropped for Americans as prices dipped for the third straight month, and showed the slowest 12-month gain since 1954, the Labor Department reported Friday.

The Consumer Price Index (CPI), the most closely watched gauge for inflation, fell by 0.7% in December after dropping 1.7% in November. Economists had expected the number to come in at 0.8%. "


Not much support there for an inflation argument at this time.
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