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Alan Greenspan Sees Inflation

Tuesday, October 22, 2013 - 6:51 AM
From the NYT Economix Blog
The latest volley, from [Alan Greenspan's] new book, “The Map and the Territory,” is a warning that the Fed’s balance sheet expansion — $3.8 trillion and counting — may unleash inflation.
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Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800
1. Tuesday, October 22, 2013 - 4:45 PM
CD interest is going up a little so either the economy is picking up and more money is needed for lending or----
Ally6770Ally6770944 posts since
Jan 16, 2010
Rep Points: 2,745
2. Tuesday, October 22, 2013 - 6:20 PM
#1:  Afraid to say the "I" word?  I hate to be selfish but if inflation will allow CD rates to go up a bit so I can lock in more 5 yr CDs at higher than 2%, I will be a happy camper.  Without inflation and CD rates staying in the trash can, there is only so much more prudent I can be on saving money on bills.  With Inflation if I get higher interest checks, I can use the money to pay bills and cut back on other spending to make up for the higher cost of purchases.  Sooo if I had a choice, at this point, I would take a bit higher inflation and accept higher prices for which I would make sure I get items at only sale prices and with coupons and have the extra income and not be as hurt by inflation as I might otherwise be.  There are more ways to get around inflation than there are low interest rates.   Stores will always put what we need on sale.  We just have to be deligent and make sure we never pay the higher inflated prices.  It may not be everyone's way to survive, but it works for me.
paoli2paoli21,406 posts since
Aug 10, 2011
Rep Points: 6,152
3. Tuesday, October 22, 2013 - 6:20 PM
double posted.
paoli2paoli21,406 posts since
Aug 10, 2011
Rep Points: 6,152