Suprise...

[Lukey]

The Fed admits inflation is higher than we "think" it is:

http://www.zerohedge.com/news/2015-11-04/desperate-hike-fed-admits-inflation-not-low-you-think

Which, to the consternation of lefties and Keynesians (is there a difference?) is exactly what ZeroHedge has been arguing all along:

http://www.zerohedge.com/news/2015-...nd-why-us-housing-crisis-about-get-much-worse

And then, of course, that also means GDP growth is being overstated and we have indeed been in a depression since shortly after Obama was elected (can't blame it on Boosh as the economy was clearly expanding/recovering in 2009 (until the Obama economic polices crushed it).

 

[as seen on tv]

now if only we could get the government to admit that with 95 million people out of work, "unemployment" is much higher than the 5% official numbers they keep pointing to

 

[Deleted member 21794]

Oh I'm glad I was sitting down for that one!!!!

But hey, at least now we know how quick the fed catches on and keeps the American people informed in a timely manner, right?

 

[Deleted member 21794]

The Fed admits inflation is higher than we "think" it is:

http://www.zerohedge.com/news/2015-11-04/desperate-hike-fed-admits-inflation-not-low-you-think

Which, to the consternation of lefties and Keynesians (is there a difference?) is exactly what ZeroHedge has been arguing all along:

http://www.zerohedge.com/news/2015-...nd-why-us-housing-crisis-about-get-much-worse

And then, of course, that also means GDP growth is being overstated and we have indeed been in a depression since shortly after Obama was elected (can't blame it on Boosh as the economy was clearly expanding/recovering in 2009 (until the Obama economic polices crushed it).

OK but seriously, why now? Surely they've known this all along. Gads, it's tough to figure out the depravity of these people.

 

[Lukey]

OK but seriously, why now? Surely they've known this all along. Gads, it's tough to figure out the depravity of these people.

Well the thinking is that they realize more and more people are coming to the realization that everything they have done isn't working and they are trying to make the case for "normalizing" or increasing the Fed Funds rate even if the economy is slowing, so they can "re-ease" later (NIRP is already on the table) as the economy continues to get worse. Japan did the same thing in I think it was 2002. We're all "Japanese" now (heck of a job Keynesians)...