Another forecast for inflation


	Another forecast for inflation

jasonkelly

8-28-2009 8:48 PM

79 views

tags:

economy, politics

jasonkelly says:

Add this one to Warren Buffett's similar forecast made last week, which I clipped. See http://is.gd/2EPd3.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/021ed8e2-03df-4f81-83df-ec7ac14a715f/5F8A8C47-FF6E-48A0-95DB-5321F8C390BA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting" href="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting" style="font-size: 11px;">finance.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting">This week we were warned of a $9 trillion   deficit over the next 10 years.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting">President Obama’s vow not to raise   taxes on the middle class is going to have to be violated.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting">Before the United States gets serious about raising taxes,</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting">inflation will start to seem much more attractive, even if few are willing to   say so publicly. In the past, inflation has enabled the United States to reduce   the burden of repaying existing debt, and China, for one, has voiced fears we   will do it again. Widespread inflation could also make depreciated assets — like   homes — worth more dollars than the owner now owes.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting">Ben   Bernanke got a second term as Fed chairman this week, something he earned   for his evident success in dealing with the financial   crisis.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://finance.yahoo.com/banking-budgeting/article/107622/its-hard-to-worry-about-a-deficit-10-years-out.html?mod=banking-budgeting">In this term, he may find   that inflation-fighting is not the road to popularity.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/5F8A8C47-FF6E-48A0-95DB-5321F8C390BA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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