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Politics : Stockman Scott's Political Debate Porch
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To: LTK007 who wrote (77532)5/8/2008 2:31:26 PM
From: Crimson Ghost   of 89467
 
I don't think anybody believes these numbers.

The financial establishment PRETENDS to believe them because "low" inflation justifies low interest rates which keeps asset bubbles levitated.

But with he disparity between reported and real inflation growing ever wider as prices for life's necessities surge, the financial establishment risks losing what little credibility it has left unless they change course dramatically and start to deal with the real world.
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