Also LOVING the LYING and DECEPTIVE HEADLINES!!!
"Core inflation.... showed a small 0.1 percent rise in July and over the past 12 months has risen 1.5 percent.... average price at the pump is $2.65 per gallon, up from $2.50 a month ago.... Airfares rose 2.1 percent in July, while clothing costs jumped 0.6 percent.... The Labor Department said prices were flat in July"
Related: Government Can't Add When it Comes to Goldman Sachs
That's why I NO LONGER BELIEVE MSM or GOVERNMENT on ANY ISSUE -- EVER!!!!!
"Frugal consumers bring inflation to zero" by Martin Crutsinger, Associated Press | August 15, 2009
Sigh, pffffft!
WASHINGTON - Consumer prices have fallen more in the past year than in any 12-month period in nearly six decades - a huge break for shoppers but also a reminder that prices are being restrained by weak spending that is likely to slow an economic recovery.
The recession and lower energy costs kept a lid on prices last month, causing consumer inflation to fall to zero. Most economists think prices are now in a sweet spot:
Yup, LOCATED RIGHT UNDER that HOLE in the OUTHOUSE, AmeriKa!!
OPEN UP!!!!!!!!!!!!!!!!!!!
Can you TELL I'M ANGRY at the INSULTS today!!!!!!!!!!!!!??????????
Related: Debt-Loving Americans
Wall Street remained nervous that recession-battered consumers could short-circuit any economic rebound after the Reuters/University of Michigan index of consumer sentiment posted a significant drop for the first part of August. It was a much weaker showing than expected.
Yeah, RELEASED before a SLOW SATURDAY when NO ONE is PAYING ATTENTION!
Related: Boston Globe Knows About News Suppression
And LOOK at the ELITIST STINK-RAG BLAMING YOU, jobless and foreclosed upon American, for killing the recovery!!!
In yesterday’s report on consumer inflation, the Labor Department said....
Who cares what those liars said?
Core inflation, which excludes volatile energy and food prices, showed a small 0.1 percent rise in July and over the past 12 months has risen 1.5 percent - right in the Federal Reserve’s comfort zone.
Oh, well, it is NICE TO KNOW the FED is COMFORTABLE!
The current decline reflects a 28.1 percent plunge in energy costs, which peaked at this time a year ago, when oil hit a record $147 per barrel and gas was more than $4 per gallon.
Oh, well, if you TAKE the HIGHEST POINT of ANYTHING then there IS NOWHERE TO GO BUT DOWN, isn't there? Yes, I AM SICK of the DECEPTIVE BULLSHIT and LIES, sorry, readers!!!!!!!!!!!!!!
Since then, energy prices have tumbled. Other price pressures have disappeared, too, as the country struggled to cope with layoffs and the worst recession since World War II.
One day it is the worst since the Great Depression, the next since WWII. Fuck you!!!!
Gasoline prices, on a seasonally adjusted basis, fell 0.8 percent in July. The average price at the pump is $2.65 per gallon, up from $2.50 a month ago but well below the record high of $4.11 in July 2008.
And YOU THINK MY LANGUAGE is INSULTING?
What about this BRAZEN, OUTRAGEOUS, unbeLIEvable BULLSHIT shoveled by the AmeriKan MSM and Globe here?
Airfares rose 2.1 percent in July, while clothing costs jumped 0.6 percent - two rare examples of big price gains in the month.
Translation: ALL PRICES WENT UP regardless of what this lying shit rag is saying -- and I'm tired of it. You should be, too, readers.
The low prices could pinch retirees. Because inflation has hit zero, economists expect the country’s 50 million Social Security recipients will get no annual cost-of-living increase in their benefit checks next year.
Even though PRICES are STILL GOING UP, even LAST MONTH!!!! Sigh!!!!!!
That would be a marked change from this year, when benefits rose 5.8 percent, the biggest jump in more than a quarter-century.... “This year will be payback time,’’ said Mark Zandi, chief economist at Moody’s Economy.com.
For the OLD PEOPLE?!!!!!
Yeah, it looks like the ONLY ONES who DON'T HAVE TO PAY ANYTHING BACK are BANKS and WAR LOOTERS!!!!!!!
Chew on this cord, America: War Looter's Wednesday: Electrifying Bonus
Some analysts said Congress might include a boost to Social Security in another stimulus package.
Why not? They got away with the FIRST LOOTING!
But others said they doubted that would happen, given the huge budget deficits from the previous stimulus spending.
Why? The American people get rolled and f***ed time after time by those weasels; why would this time be any different?
The Labor Department said prices were flat in July, after a 0.7 percent jump in June.
Food costs fell 0.3 percent, the sixth straight month they have dropped or been unchanged. Since when?
Yeah, somehow that and the jiggered oil stats made inflation zero -- as prices rose because your dollar is shitting the bed, 'murka!
--more--"
I would link stuff, but better than that, go to my business blogs and just start scrolling and reading.
And ABOUT the OIL PRICES....
"Amid US gloom, oil posts biggest loss in two weeks" by Reuters | August 15, 2009
NEW YORK - A report showing weak US consumer confidence dropped to the lowest level since March darkened the economic outlook and tanked stocks on Wall Street. Stocks tumbled on the news, as investors grew concerned that sluggish consumer activity would prolong the recession.
After all that HORSE SHIT about coming out of one, Globe?
Oil prices remain more than double their winter lows below $33 in December, with most of the support for commodities markets this year finding root in economic optimism.
But they are WAY DOWN when compared to the HIGH WATER MARK ABOVE!!!
You know the drill, readers....
1. Pull up to pump
2. Get out of car
3. Drop pants
4. Insert gas pump into ass
Data Thursday showed Germany and France had posted second quarter growth, ending their recessions in April-June.
You can STOP IT with the SMOKE-BLOWING, okay, MSM?
Doesn't work when I'm bleeding a river of gas out my ass.
--more--"
And why the Globe removed this from the website is beyond me:
"Nervous consumers are going to short-circuit the economic recovery"
Oh, right, when the ENGINEERED and PLANNED DOUBLE-DIP DEPRESSION OCCURS it will be YOUR FAULT, UNEMPLOYED Amurkn!!!!
Have YOU had it with the insults?
And I'm not glum, I'm ENRAGED, OUTRAGED, and ANGRY that THIS SLOP passes for "news" and "journalism" here in AmeriKa !
I'm also EMBARRASSED, world!
