Consumer Prices Hold Steady in July

[OntarioVanMan]

excerpt: yeah I know left wing newspaper...

“For all the inflation fear mongering, the fact remains that prices have, in the near term, declined further rather than turned upwards,” Dan Greenhaus, chief economic strategist at Miller Tabak, said in a research note. “Such price action comes despite, among other things, a $787 billion dollar stimulus package and $1.75 trillion in asset purchase by the Federal Reserve.”

Some economists and investors have warned that the government’s rescue plans and big stimulus spending would stoke inflation as the economy healed, setting off worries about the strength of the dollar and rising interest rates.

http://www.nytimes.com/2009/08/15/business/economy/15econ.html?_r=1&hp

 

[hdxpedx]

AP - Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation! WAIT TILL CAP AND TAX!

 

[Tennesseahawk]

AP - Consumer prices were flat in July as energy costs retreated following a big surge in June. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation! WAIT TILL CAP AND TAX!

I doubt Cap'n Crunch will pass, simply because Congress knows their collective butts are already in the fire. Members will be scrambling to listen to their constituents. IOW, the way it should be!