Thursday, February 19, 2009


So.. according to the "experts" inflation would rise .1% in January. It actually rose .8%... according to them. Of course 6 months from now they'll revise those numbers again... and their initial prediction will even be more wrong.

The point is... for the first time... they are admiting something is happening on the inflationary front. That doesn't mean its time to panic... but it is the sign a lot of us were looking for.

You can bet when a Keynesian economic group starts releasing info about increasing inflation they are scared. Very scared indeed.

And while we're talking about it... can someone explain why we should trust anyone that is off by 800% to even measure inflation.. much less predict it?

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