Name:
Wednesday, April 15, 2009
A first in my lifetime:
Of course, lower prices sound good, but the drop is really a symptom of the slowing economy and doesn't really mean anything hopeful. And don't worry...the trillions of dollars that Obama and Co. are printing and pouring into the economy will translate into Carter-like inflation within a short time. So hang onto those pennies you're saving on this month's peanut butter. You're gonna need 'em.
Consumer prices fall
WASHINGTON (Reuters) - U.S. consumer prices fell unexpectedly in March and recorded their first annual drop since 1955, government data showed on Wednesday, as slumping demand pushed down energy and food costs.
Of course, lower prices sound good, but the drop is really a symptom of the slowing economy and doesn't really mean anything hopeful. And don't worry...the trillions of dollars that Obama and Co. are printing and pouring into the economy will translate into Carter-like inflation within a short time. So hang onto those pennies you're saving on this month's peanut butter. You're gonna need 'em.
Consumer prices fall
Labels: Money, ObamaNation, Social Observation
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