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Discussion Starter · #1 ·
Until recently I could browse the financial times and stood a fair chance of finding useful stories about the economic status and the direction our country is in. As if we all don't know, right? Making the information useful from the coverage still required some reading between the lines interpretation but it was there for those that don't require spoon feeding of information from the news media complex. I began to notice a change in wind at about the time of the first BIG corporate bailout, in 2008. The financial press carried the fear mongering words of the Sec Treasury Paulson, sure, yet on the other hand, there were many respectable people that wrote against his position and attempted to expose the farce. Since then, I've noticed submissions that seem to be policy shaping writing here and there, but those whopper takes the cake.

The timing of this story is especially significant; it wasn't even a week ago that an interview with CEO of Walmart, during which he stated that American's haven't seen the inflation in prices of everything that's coming our way in just a few weeks. BTW, the inflation story is one such that didn't get a lick of circulation in the MSM and an example of the quality of information that IMO is only found in the financial press. I can only guess that the comments by Wally World's CEO would help the cause of pressuring Capitol Hill to reign in our debt spending before we fall into the abyss way too much for the main stream press to give it legs.

April 1, 2011, 3:09 p.m. EDT
Spending cuts will cripple jobs recovery
Commentary: March’s upbeat data don’t tell the whole story

By Heather Boushey

WASHINGTON (MarketWatch) â€" The employment data released Friday provide welcome news: The private sector added 230,000 jobs in March â€" adding jobs for the 13th month in a row â€" and the unemployment rate fell to 8.8%.

Manufacturing in durable goods continued to show strong job gains, adding 217,000 over the past year, the Bureau of Labor Statistics reported, which bodes well for the overall economic recovery. Overall, average earnings are flat, however, which means that we can expect little in the way of inflation in the months to come. View a chart about the shrinking unemployment rate.

While policies taken over the past two years have pulled the labor market out of its late 2008 free fall, Congress appears poised to do its best to pull the plug on our slow but steady progress. The looming possibility of spending cuts or a government shutdown will drag down economic growth. Read more about the jobs data.

Government spending after all, helped sow the seeds of recovery we’re seeing today.

http://www.marketwatch.com/story/spendi ... 2011-04-01
The writer is a senior economist for the "Center for American Progress." Do a little research about their outfit and draw conclusions for yourselves.

Wal-Mart CEO Bill Simon expects inflation

U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.

The world's largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.

Still, inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday.

"Every single retailer has and is paying more for the items they sell, and retailers will be passing some of these costs along," Long says. "Except for fuel costs, U.S. consumers haven't seen much in the way of inflation for almost a decade, so a broad-based increase in prices will be unprecedented in recent memory."

http://www.usatoday.com/money/industrie ... ion_N.htm#
Again, draw your own conclusions folks and plan accordingly.
 

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Good catch. Inflation is the "other shoe" in this depression. The problem is you really can't plan for it, other than buy real nice stuff(new suit, new car, GCO life membership) as your money will not go as far in the future so SPEND it. The problem is you need money. One economist said to put 10% more cash than usual in savings to be ready. :screwy: Another option is to put your cash(money you have) in items that appreciate(guns, ammo, land).
 

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Another warning sign of bad times ahead from the CEO of WM:

NEW YORK (CNNMoney) -- Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

With food prices rising, Duke said Wal-Mart is charging customers more for some fresh groceries while reducing prices on other merchandise such as electronics.

http://money.cnn.com/2011/04/27/news/co ... /index.htm
 

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moga said:
The writer is a senior economist for the "Center for American Progress." Do a little research about their outfit and draw conclusions for yourselves.
Did so. Found this site (undueinfluence dot com) - very intersting, esp. for a visual guy like me.

It helps one realize how political influence money can be washed and delivered where it needs to go to do things. (I am sure Repubs have similar vehicles).

There is no level of government (or quasi-gov) that can remain untouched.

Thanks for posting.
 
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