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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (54880)5/25/2009 11:12:43 PM
From: Nicholas Thompson  Read Replies (1) | Respond to of 149317
 
I never said 1.5% you misread my e mail. If trends do not self correct we are probably facing inflation in the 6% to 7% range on the low side and even higher if things do not work well, at least for a couple of years. All due to the predations of the last administration and the $8 trillion poured into the economy in the past 18 months $6 trillion by Bush and $2 trillion by obama. The 1.5% was the real return after inflation, still that may be a pipe dream.

We are now seeing a continuation of the defacto devaluation of the $$$$ started about 4 years ago.