New Jobless Claims Down, Wholesale Prices Up

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison


Will you be the first to scream deflation if oil prices drop in the future? I wont deny people will pay more heating oil and transportation, but this is only 1 factor in the report.

For crying out loud, talk about Waffling. Just a few short months ago the guy you worship Greenscum was screaming "Deflation, Deflation, Deflation" .

No such thing and you know it. Can't believe the massive drop in quality of your posts, they used to be not half bad even if wrong.

I dont worship greenspan, but I know he has a better clue of what the economy is doing as opposed to the nonsense you post.

I am not the writer or Economist's. Just like Clinton is not The President.

 

[Bowfinger]

Originally posted by: charrison

Originally posted by: Bowfinger

Originally posted by: charrison

Originally posted by: Bowfinger

Originally posted by: charrison

Originally posted by: Bowfinger

Originally posted by: charrison
I say like, minus oil, prices are stable and inflation is not an issue.

I don't understand your reasoning. How does the fact that oil prices are the major factor mitigate the threat of inflation?

Did you bother reading the report? Rising oil prices were the main cause of the rise in the PPI report. Minus oil prices, prices are stable.

Actually, they're increasing at an annual rate of about 3.7%, but that's not my point. How can one arbitrarily decide to exclude energy prices just because they increased? People will still pay more to heat their homes and fill their gas tanks. That's less money in people's pockets, increasing pressure on wages. What other factors can we ignore if they increase: food, clothing, housing?

I'm not trying to argue with you. I'm trying to understand your reasoning. How does the fact that oil prices are the major factor mitigate the threat of inflation? What makes oil special, that it can be excluded?

Will you be the first to scream deflation if oil prices drop in the future? I wont deny people will pay more heating oil and transportation, but this is only 1 factor in the report.

Chill. Take off your partisan hat for a moment. I am not screaming anything. That was uncalled for. I'm not even saying you are wrong. I'm asking a question. If you don't know the answer, just say so.

Yes, I would expect that if lower energy prices bring down the overall rate of inflation, I would acknowledge it. What am I missing? Why would I consider energy to be different from the myriad other factors in the PPI? It's not a challenge. It's just a question.

Well when a myraid of factors are stable and one is rising, I dont think this means it is time to sound alarm bells.

Well, that was a lot of work.

In essence, I think you're saying a one-month spike in one measure of producer prices does not prove there is a problem with inflation. If that's the gist, I agree. Like so many other things related to the economy, it's long term, sustained changes that are significant. For now, it's just something to watch.

Sorry for all the contention. I was simply trying to understand your comment.