01 May 2010

Saturday Open Thread

It's the Saturday open thread.

3 comments:

CJ said...

Conspiracy theory time - it is pretty hard to find much of interest in the Weekend Argus at the best of times but they do have a weekly shopping basket that they price every week at various stores, and then graph the results creating an interesting instant inflation barometer.

Last week I pointed out that the 17 week food inflation was 23%. I mentioned it on here and over at Moneyweb.

I suggested that we could well see bond rates shooting up soon as inflation appeared to be on the move.

So this week I check the paper with anticipation to see if the rampage continues ... and the graph is not there. It has appeared for years ... has the Argus been silenced by someone applying pressure ... or is there a more benign reason ... now where's that tin foil hat of mine.

JoelW said...

CJ I'm sure it's benign and there is nothing to be worried about, now you'll excuse me there are some large men wearing sunglasses at the front door, getting out of big black 4x4's and talking into their sleeves.

propxchanja said...

Today's offering from Nadeem on the inflation mega-trend:

"People have to understand that the inflation mega-trend is a GLOBAL PHENOMENA, not just a Greek problem, Euro Problem, UK problem, for ALL of the countries central banks are printing money as they are engaged in continuous competitive devaluations of their fiat currencies that continue to feed the fires of the inflationary mega-trend that will eventually reach ALL shores of ALL budget deficit running, money printing, debt accumulating economies and even those that have well managed economies and national accounts are engaged in highly inflationary pegs against bankrupting currencies that ensures inflation will be imported whilst such pegs exist."
http://www.marketoracle.co.uk/Article19199.html

After months of warning family I have over in Autralia of their property bubble bursting, I have finally heard from them that mainstream analysts are suddenly all bearish: "Interest rates went up again yesterday and you’re right – property prices have risen dramatically in the last 3 months and economists are starting to talk about a housing price bubble". This is scary for a country that relies heavily on China's growth, and which also has a property bubble about to explode!

Global inflation here we come - bye bye low interest rates - bye bye 'bear trap' and into the abyss of the property cycle we go.