Bloomberg: "America Needs Higher, Longer-Lasting Inflation"...inflation is a good thing, my friends!

[basquebromance]

everything's fine folks nothing to lose confidence about!

America Needs Higher, Longer-Lasting Inflation

The benefits of moderately rising prices and wages outweigh the costs.

www.bloomberg.com

 

[pknopp]

Got to continue to feed the pig.

 

[OhPleaseJustQuit]

Got to continue to feed the pig.

Only pig we ought to be feeding is the one who will eventually be bacon.

 

[Muhammed]

Bloomberg also sent me a kazillion glossy 11x9 political ads into my mailbox saying that Donald Trump was causing wildfires in Ohio.

It's just ridiculous bullshit.

Bloomberg is not credible.

 

[Resnic]

Inflation means the us dollar is worth less. That's never a good thing.

A cookie doesn't cost more to make, it just takes more dollars to buy one because the value of our money is worth less. That's the problem we're in right now, our money isn't worth what it used to be. We have a lot of money problems right now no one is talking about and are pre cursors. Like the inverted yield where a lot of bonds right now have a bigger interest return on a 2 year bond than a 10 year bond which is the opposite of what it should be.

Sad part is if an "official" person says inflation is good and straight out like, as long as what they say makes sense or sounds really good a lot of people are going to believe it.