Tagged: Inflation

What’s happening with our economy

Bush knows best

Let’s see, Bush says the country is not head into a recession.

Yet today, the market fell 315 pts on recession fears, oil pushed past $103 for the first time, the dollar hit another low against the euro, US Midwest manufacturing activity “plummeted” in February, consumer setiment slumped to a 16 year low.

Yep, Bush knows best.

Stagflation = Start Saving Your Money

Stagflation = Stagnation + Inflation. Which is where we are heading right now. It means, high prices for food and commodities, while at the same time, there’s no economic growth, no job growth. It also means, start saving. Hold off on big ticket items if they’re not necessary. Cut short the vacation, maybe start thinking about a backup if you lose your job. Reign in spending. Do you really need all those premium channels with your cable TV? Do you really need cable? Maybe you don’t need a land-line if you have a cell phone. Maybe it’s time to get a COSTCO or BJ’s membership and buy in bulk. Eat breakfast at home and bring your lunch to work. Don’t eat dinner our all the time.

Save money. The worst part of stagflation is that it makes it harder and harder to save any money. The more cash you have to call upon in an emergency, the less desperate or destitute you’ll be.

The Next Great Depression

Although the author advocates Ron Paul for president, who I doubt will get the nomination, he explains here why we’re heading into the next Great Depression, why we may be heading into WWIII with Iran, how inflation is likely, and how we will no longer be the world’s superpower.