I think this discussion is important.
One has to keep in mind that there is a crisis in economics, politics and social change alternatives. So a solution, would have to confront each of these.
Johnny, on a YoY basis, both the PPI and CPI are advancing at a declining rate. According to my edition of Barron's today, this week's CPI is expected to decline (-.8%), PPI at double that rate! This is a classic nearing-the-end-of-recession pattern. For another good example, go to the St. Louis FRED and compare PPI and CPI during the 1973-74 oil shock recession vs. now.
I'm still calling it stagflation because the drop in the cost of goods, especially for production (minus energy) hasn't dropped at the same rate as the price for final goods. The
, and you have to figure the difference is what companies are making. OK, that's a stretch but you see where I'm coming from. Secondly, the drop in imports (and what have you of our phony inflation figures) has mainly (though not entirely) been from the drop in oil. Also, have you noticed they stopped reporting the M3?
;) I just read that Lobster at least the price has dropped like a commodity bomb. white Truffles too, I'm sure all on these boards eat those regularly!
Who knows but I imagine the foods, esp. preped of any kind are using raw food stuffs bought a few months ago. Although I sure hope a cooked Chicken was not bought months ago! ;)
The interesting thing is, in the past inflation in the price of food has tended to peak early, sometimes even before the recession begins. This time around, it has continued to increase even after Oil declined (P.S. Gas is as low as $1.83/gallon now where I am).
I just read today or yesterday (there's senility setting in!) that some foodstuffs have just declined substantially in price.
Needless to say, I'll give the food CPI some special attention this week, to see if its rate of inflation is finally declining YoY.
NEW YORK (CNNMoney.com) -- General Motors dealers are complaining that GM's "captive financing" arm isn't doing what it was set up to do - help them move cars. And if it continues, they say, they could lose their lots.
"Unless immediately stopped, GMAC's actions will directly lead to the insolvency of a number of our GM dealer members and will significantly erode GM's California market share," Peter Welch, president of the California New Car Dealers Association wrote in an Oct. 20 letter to GMAC chief executive Alvaro de Molina.
It's no problem if you want to cross post here. Just change slightly the title and maybe the first sentence in the first paragraph, which you can do by adding a reference to your blog (see user guide).
On the right is how to create an account and user guide.
First, I agree with all of what you said about autos. I want to save them as well. In the next Administration there will be a push for Green Jobs. Manufacturing has to be the cornerstone of all green efforts it is just obvious.
The point on autos is that it is a major left/right fault line but that is not so historically if you look at the Republican Party of 100 years ago or even 50 years ago.
Green manufacturing is not just the means to make the captal goods to get us out of the energy and climate crises. Newer and creative forms of carbon sequestration will emerge from manufacturing itself.
- Steel proved this in the 70s with recycled scrap made in electric furnaces
- Carbon fiber plastics are massive carbon sinks
- Natural gas is a carbon sink when CO2 is added to make methanol
- Uranium refining now depends on TVA coal - that energy source can be non-coal, and coal liberated for cleaner uses
These are but a few and many are to be dreamed. What all these green processes - plus all green energy - have in common is manufacturing. Without a manufacturing base, there is no way out of climate or energy crises.
So autos are vital, the center of so many climate crisis solutions. And the center does not hold.
I think this discussion is important.
One has to keep in mind that there is a crisis in economics, politics and social change alternatives. So a solution, would have to confront each of these.
http://globalmakeover.com/?q=node/3
....heresy.
Johnny, on a YoY basis, both the PPI and CPI are advancing at a declining rate. According to my edition of Barron's today, this week's CPI is expected to decline (-.8%), PPI at double that rate! This is a classic nearing-the-end-of-recession pattern. For another good example, go to the St. Louis FRED and compare PPI and CPI during the 1973-74 oil shock recession vs. now.
I'm still calling it stagflation because the drop in the cost of goods, especially for production (minus energy) hasn't dropped at the same rate as the price for final goods. The
Producer Price Index
is still advancing versus the
Consumer Price Index
, and you have to figure the difference is what companies are making. OK, that's a stretch but you see where I'm coming from. Secondly, the drop in imports (and what have you of our phony inflation figures) has mainly (though not entirely) been from the drop in oil. Also, have you noticed they stopped reporting the M3?
I think we have found a new index!
in chicago a week or so ago. I couldn't believe it. So yeah....you bet your ass I baught some....invited some friends over. mmmm...mmmm!
;) I just read that Lobster at least the price has dropped like a commodity bomb. white Truffles too, I'm sure all on these boards eat those regularly!
Who knows but I imagine the foods, esp. preped of any kind are using raw food stuffs bought a few months ago. Although I sure hope a cooked Chicken was not bought months ago! ;)
The interesting thing is, in the past inflation in the price of food has tended to peak early, sometimes even before the recession begins. This time around, it has continued to increase even after Oil declined (P.S. Gas is as low as $1.83/gallon now where I am).
I just read today or yesterday (there's senility setting in!) that some foodstuffs have just declined substantially in price.
Needless to say, I'll give the food CPI some special attention this week, to see if its rate of inflation is finally declining YoY.
8 bucks for a damn cooked chicken. 4 bucks for a jar of tomato based pasta sauce. 3 dollars for 6 oz. of cookies.
We'll see but what is the lag with slow demand when supply finally drops it's price on things like perishable or not so perishable goods like food?
Take out cars and gas, and retail sales are flat. All of the sales incentives that lasted through September stole from future consumption.
I am anticipating a seriously negative PPI and CPI this week. We'll see soon enough....
I noted in the instapopulist that one of the big reasons retail sales dropped was the price in gas. The other was no one is buying a new car.
Gonna have to add you to my list of stuff to read.
I'll be happy to oblige.
http://gristmill.grist.org/user/Jon%20Rynn
They're asking for another four years -- in a just world, they'd get 10 to 20 ~~ Dennis Kucinich
Very interesting article showing what we already knew here, a collapse of GM will cost more than a bail out will. (link to article).
that would be the title if they confiscated IRAs, put them under social security, guaranteed 3% and only gave half to the widow.
I read this a while ago while in the hospital. Interesting read.
http://www.amazon.com/Plot-Against-America-Philip-Roth/dp/1400079497/ref...
It's no problem if you want to cross post here. Just change slightly the title and maybe the first sentence in the first paragraph, which you can do by adding a reference to your blog (see user guide).
On the right is how to create an account and user guide.
First, I agree with all of what you said about autos. I want to save them as well. In the next Administration there will be a push for Green Jobs. Manufacturing has to be the cornerstone of all green efforts it is just obvious.
The point on autos is that it is a major left/right fault line but that is not so historically if you look at the Republican Party of 100 years ago or even 50 years ago.
Green manufacturing is not just the means to make the captal goods to get us out of the energy and climate crises. Newer and creative forms of carbon sequestration will emerge from manufacturing itself.
- Steel proved this in the 70s with recycled scrap made in electric furnaces
- Carbon fiber plastics are massive carbon sinks
- Natural gas is a carbon sink when CO2 is added to make methanol
- Uranium refining now depends on TVA coal - that energy source can be non-coal, and coal liberated for cleaner uses
These are but a few and many are to be dreamed. What all these green processes - plus all green energy - have in common is manufacturing. Without a manufacturing base, there is no way out of climate or energy crises.
So autos are vital, the center of so many climate crisis solutions. And the center does not hold.
Burton Leed
I don't mean to sound lame but what the HELL is a GRA? Government Ripoff account?
Pages