America divided: inflation felt by many while Bernanke fights deflation. Helicopter Ben says inflation is mild but many people’s wallets say differently. Turns out, they’re both right – the unseen problem is that real wages and incomes are falling, so that while prices may be rising modestly, consumers have less and less money with which to buy. “Fixing” one problem causes a different one – surprise!
Author: Bonfire of the Absurdities
After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.
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