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Pessimistic Consumers’  

By: Zimbler0 in POPE | Recommend this post (3)
Sat, 03 Sep 11 4:41 AM | 85 view(s)
Boardmark this board | (The) Pope's for real stock market report 		Msg. 42614 of 65535
(This msg. is a reply to 42612 by Zimbler0)
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Zim: Not too long ago in this forum was posted
something attributed to a harvard dignitary . . .
Something about the turd thought high inflation might
be a good thing . . . (But WE know better. High
inflation is a BAD thing.)

http://finance.yahoo.com/blogs/daniel-gross/pessimistic-consumers-fears-high-inflation-exaggerated-160554393.html

Are Pessimistic Consumers’ Fears of High Inflation Exaggerated?

Buried at the bottom of August's disappointing Conference Board consumer confidence report is a troubling nugget. Consumers expect inflation of 5.8 percent for the coming 12 months.

That dire projection, which could help explain consumers' sour mood, is much higher than the prediction of the professional forecasters surveyed by the Philadelphia Fed. They see inflation of about 2 percent over the next four quarters. And it's much higher than the Federal Reserve's forecast. As Fed Chairman Ben Bernanke said in his speech last week, "we expect inflation to settle, over coming quarters, at levels at or below the rate of 2 percent, or a bit less."

. . . . .

Here's the irony. Many experts believe that a higher level of inflation would be helpful given the macroeconomic circumstances — low interest rates, slow growth, high levels of debt. Economists like Harvard's Kenneth Rogoff, co-author of This Time is Different, have called for the Federal Reserve to target "moderate inflation of, say, 4 to 6 percent, for several years." Actual inflation — an interaction of rising prices and rising wages — makes it easier for people and companies to pay down fixed-rate debt. It also encourages businesses and consumers to spend now, rather than later.

>>>>


Zim: Look. I do not care what numb nutzed idiots
form harvard think or claim. High inflation is NOT
good. It is, in fact, bald faced theft from folks
who have been frugal and saved for their golden
years.

Should Grandma, with her arthritic knees, have to go
back to work scrubbing floors because her savings ran
out due to high inflation?

Or, perhaps you would like to have YOUR retirement
nest egg stolen to provide for every body elses
Grandma . . . and when your turn to retire comes
along, and your kids revolt at the thought of their
paychecks and retirement funds being stolen . . .
Are you gonna be willing to scrub floors on your
arthritic knees?

Trust me, high inflation is BAD.

And, policymakers who think it might be good need
to be taken out and shot.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Hezbollah in Cuba ?
By: Zimbler0 in POPE
Sat, 03 Sep 11 4:04 AM 		Msg. 42612 of 65535

http://globetribune.info/2011/09/01/hezbollah-setting-up-shop-in-cuba/

The following is a free translation of an article that appeared in Corriere Della Sera. It deals with the disturbing news that Hezbollah has set up shop in Cuba, using it as a base of operations for actions in Latin America.

There are three of them. One man uses a strange nickname, “Agave Tequilana”. They belong to the foreign section of Hezbollah, Lebanon’s pro-Iranian movement. The trio has recently moved from Mexico to Cuba for the purpose of establishing a bridgehead on the island.

In a few days, Hamia, who was selected by a high level operative in Hezbolah name Talal, will in turn supervise 23 Hezbollah members in clandestine activities. The posting of three is expected to be permanent. Hamia, with the approval of Hezbollah Secretary Hassan Nasrallah, has decided to open a “base” in Cuba. Nasrallah has made available a generous budget of over one and a half a million dollars for the implementation of the plan, known as the “Caribbean dossier”.

The landing at ‘Havana is not surprising. For years, the ‘Hezbollah, often on behalf of’ Iran has been active in the various countries of ‘Latin America. It has a strong presence in Ciudad del Este (Paraguay) and in Brazil,

The extremists have been installed in many border towns and in Venezuela. Their operation raises funds, and maintains sleeper cells that are ready to act against opponents. Hezbollah, assisted by Iran has twice struck in Argentina. Most infamous of all their actions are the bombings of the Israeli embassy and the headquarters of the ‘Jewish association in Buenos Aires.

(Article does continue.)

Zim.

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