Chris Martenson
In justifying the massive money printing operations of the Fed, Bernanke used inflation data to bolster his case that the Fed’s actions are both prudent and worth continuing.
Here’s what he said:
Recent data show consumer price inflation continuing to trend downward. For the 12 months ending in November, prices for personal consumption expenditures rose 1.0 percent, and inflation excluding the relatively volatile food and energy components–which tends to be a better gauge of underlying inflation trends–was only 0.8 percent, down from 1.7 percent a year earlier and from about 2-1/2 percent in 2007, the year before the recession began.
(Source)
Why I Don’t Trust the Official Inflation Numbers (and Neither Should You)
PREVIEWIn justifying the massive money printing operations of the Fed, Bernanke used inflation data to bolster his case that the Fed’s actions are both prudent and worth continuing.
Here’s what he said:
Recent data show consumer price inflation continuing to trend downward. For the 12 months ending in November, prices for personal consumption expenditures rose 1.0 percent, and inflation excluding the relatively volatile food and energy components–which tends to be a better gauge of underlying inflation trends–was only 0.8 percent, down from 1.7 percent a year earlier and from about 2-1/2 percent in 2007, the year before the recession began.
(Source)
Chris and I spent last week down in Charleston, SC at a gathering of thought leaders. Participants included politicians, scientists, economists, diplomats, astronauts, financiers, media personalities, entrepreneurs, entertainment executives, and others of specialized expertise. It was a humbling group to mingle with.
The general purpose of the event was to share observations about the opportunities and challenges our society faces, and to spark new thinking as to how to address them.
Chris and I spent several days attending and participating in panel discussions (there were hundreds to choose from) as well as in private conversation with many of the luminaries there. Our detailed observations from Day 1 and Day 2 are available for our enrolled members (enrollment required).
The experience was valuable for us: it sharpened our thinking on a number of fronts. We think it will be useful for you to understand how, so you have a sense of where our minds are as we look forward to the year ahead. What follows are our high-level observations and generalizations. As always, something gets lost when you reduce a rich experience into a few ideas, but with that caveat in place, here’s what we came away with:
Perspective for the New Year
Chris and I spent last week down in Charleston, SC at a gathering of thought leaders. Participants included politicians, scientists, economists, diplomats, astronauts, financiers, media personalities, entrepreneurs, entertainment executives, and others of specialized expertise. It was a humbling group to mingle with.
The general purpose of the event was to share observations about the opportunities and challenges our society faces, and to spark new thinking as to how to address them.
Chris and I spent several days attending and participating in panel discussions (there were hundreds to choose from) as well as in private conversation with many of the luminaries there. Our detailed observations from Day 1 and Day 2 are available for our enrolled members (enrollment required).
The experience was valuable for us: it sharpened our thinking on a number of fronts. We think it will be useful for you to understand how, so you have a sense of where our minds are as we look forward to the year ahead. What follows are our high-level observations and generalizations. As always, something gets lost when you reduce a rich experience into a few ideas, but with that caveat in place, here’s what we came away with:
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