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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (269277)	8/15/2010 5:26:38 PM
From: skinowski	Respond to of 306849

WMT upped their prices 6% MOM. It seems to me that rising prices - while unemployment is high, and people are willing to take jobs at a lower pay - may not be enough to cause a runaway inflation. When prices are high and people don't have money, it's not so much inflation as it is old fashioned poverty. Every average citizen of an average poor country knows that - it's part of their lives. What is needed in order to start a major inflation is the money to meet those rising prices. Stupid money - like, automatic cost of living adjustments. Nothing is a better guarantee of an impending inflationary destruction of wealth. Our government is making monumental efforts to supply the nation with such stupid money. For now, they are doing it mostly through supporting public employees, who "benefit" as first recipients. They will be the ones who will be shopping for a longer time at regular prices, not having to wait for sales.