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Inflation Will Accelerate Next Decade, Economists Say

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posted on Aug, 31 2009 @ 03:59 PM

The price gauge tracked by the central bank will rise 3 percent a year on average from 2014 through 2018, according to the median estimate in a poll taken by the National Association for Business Economics.
The rate exceeds the 2 percent pace that the respondents said was the Fed’s unofficial target.

The report is in line with surveys of consumers and indicates the central bank may have to work harder to damp inflation expectations after pouring more than $1 trillion into credit markets in a strategy known as quantitative easing.

Economists in the survey also said the Obama administration’s $787 billion stimulus program would push consumer prices higher.

No way!! This isn't possible. I thought this was free money we were spending!

INFLATION = TAXES matter what Obama tells you....he has raised taxes. You WILL pay for the stimulus package. WE ALL WILL....not to mention all the money for both the war in Iraq and Afganistan....our massive TRADE DEFICIT because of NAFTA.

And just to think...Social Security will be broke in a few years.

Here it comes...and I find it hard to believe that inflation will only increase 3 percent over each year before the next...but whatever the case.

Prices WILL go up.

Too bad many of us will STILL BE UNEMPLOYED and NOT MAKING ANY MORE MONEY!!!!!!!!!!!!!!!!!!!!!!!!!!


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