• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Dollar index hits 3-year low after U.S. ISM services data

Erod

Erod

DP Veteran
Joined
Aug 28, 2008
Messages
15,483
Reaction score
8,227
Location
North Texas
Gender
Undisclosed
Political Leaning
Conservative
Dollar index hits 3-year low after U.S. ISM services data - Yahoo! News

The U.S. dollar fell to a fresh three-year low against major currencies on Wednesday after an industry report showed the pace of growth in the U.S. services sector unexpectedly eased in April.

For details on data, see [ID:nN04125050]

The U.S. dollar index, which measures the value of the greenback versus a basket of major currencies, fell as low as 72.696 .

The dollar also hit a session low versus the euro and extended declines against the yen after the data.

The euro last traded at $1.4920 , up 0.6 percent, having risen as high as $1.4939 on Reuters data, a 17-month high.

Against the yen, the dollar fell 0.4 percent to 80.57 .
...
Click to expand...

My biggest worry right now is hyperinflation. Already, gas prices and inflation are starting to hurt people, especially the unemployed who are already upside down.

But if we see true hyperinflation, even if temporary, it will put this country in a tailspin like we haven't seen since the Great Depression. Maybe worse.
 
Erod said:
Dollar index hits 3-year low after U.S. ISM services data - Yahoo! News



My biggest worry right now is hyperinflation. Already, gas prices and inflation are starting to hurt people, especially the unemployed who are already upside down.

But if we see true hyperinflation, even if temporary, it will put this country in a tailspin like we haven't seen since the Great Depression. Maybe worse.
Click to expand...

Well, that's one campaign promise he kept and the American people supported him.

YouTube - Obama: We are 5 days from FUNDAMENTALly transforming America

Hard to blame this on anyone else but themselves. Next time they should consider voting for the content of a person's character.
 
housing thru the floor and no basement in sight

gas prices skyrocketing so americans can't get to work

general inflation threatening a double dip

the dollar crashing, investors bailing from continent to continent

job growth, even after trillions of stim and qe, insufficient even to keep up with population

muni markets threatened by unsustainable debt

state pensions two point five trillion dollars short

entitlement programs in profound danger of collapse, the party in power paralyzed

the united states senate has failed to produce an itemized budget in two years

the economic legacy of barack the slasher hussein, and the foundation of the 2012 campaign

be proud, progressives

seeya at the polls
 
april 12:

After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation. Using the methodology in place at that time puts the CPI back near those levels.

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February.
Click to expand...

Inflation Near 10% Using Old Measure

seeya at the polls, progressives
 
The Prof said:
april 12:



Inflation Near 10% Using Old Measure

seeya at the polls, progressives
Click to expand...

In what way does the old measure of inflation factor for the spending allocations Americans face today? Let's take health care for example; in 1993 total health care spending was $921.3 billion or $3,502 per capita, factored for inflation. It accounted for 11% of GDP.

More desperate fear tactics from the far right....
 
from the far right:

Oil Jumps 2% in a Day - Bloomberg

gold, oil soar as inflation fears mount

Oil Rises to 30-Month High - Bloomberg

Oil climbs to highest since 2008 - Yahoo! Finance

Two-thirds of oil and gas leases in Gulf inactive - Yahoo! News

Economist warns of double dip recession if oil hits $140

Post Carbon - Obama administration reimposes offshore oil drilling ban

Obama bans eastern Gulf drilling for 7 years - CNN

Judge rules against White House on drilling ban | Reuters

Judge blocks deepwater drilling ban; Obama to appeal | McClatchy

Obama Will Appeal Judge's Ruling Against Drilling Moratorium

Bill Clinton: Drilling delays 'ridiculous' - Darren Goode - POLITICO.com

Food and gas prices on the rise

Gas Prices Show 7th Consecutive Weekly Increase, but It's Not Just About the Middle East - ABC News

Oil's surge felt by drivers, fliers and shoppers - Yahoo! Finance

gasoline prices keep rising - Yahoo! News

March consumer sentiment lowest in over a year | Reuters

Gas prices up 33 cents in two weeks - CNN.com

AAA: gas nat'l avg $3.75

Gasoline up 100% under Obama - Washington Times

Obama says little short-term help for gas prices

Wholesale prices up 1.6 pct. on steep rise in food - Yahoo! Finance

Food Commodities Rise Seen Swamping Consumers With Inflation - Bloomberg

Get ready to be 'swamped' by food inflation

Food Inflation Hidden in Smaller Bags

Corn prices at highest level since summer '08 - Boston.com

Corn Prices Jump to 33-Month High on Shrinking U.S. Supply - Bloomberg

Push for green biofuels 'has put food prices up by massive 75%

Clinton: Too much ethanol could lead to food riots - Yahoo! News

Global food scare widens

World Bank: Food prices at "dangerous levels" - Yahoo! News

World food prices hit record high: UN agency

Clothing Prices to Rise 10% by Spring

Inflation Rate Rises: Food, Clothing And Alcohol | Business | Sky News

Bernanke says commodity prices driving up inflation

High oil and commodity prices likely to push up inflation | Business | The Guardian

Consumer morale stagnates in March | Reuters

Consumer confidence falls sharply in March - MarketWatch

Fed Buying Bonds by Trillions

Fed to Buy $600 Billion of Treasurys - WSJ.com

Fed members raise specter of higher interest rates - Forbes.com

Fed Likely to Raise Rates

Fed Official: Funds rate should hit 2.5% in year - MarketWatch

Minneapolis Fed Sees Higher Rates by Year End - WSJ.com

Toxic Dollar

Traders Short Dollar as Currency Loses Attraction
 
The Prof said:
from the far right:
Click to expand...

Short term volatility is exactly that; volatile! Observe

Care to respond?

In what way does the old measure of inflation factor for the spending allocations Americans face today? Let's take health care for example; in 1993 total health care spending was $921.3 billion or $3,502 per capita, factored for inflation. It accounted for 11% of GDP.
Click to expand...
 
Erod said:
You find this difficult to grasp?
Click to expand...

I understand hyper-inflation very well, do you? The US is no where near getting hyper-inflation and chances are slim to non it will happen. Hence why worry about it?
 
Last edited:
Still no response from prof on why previous calculations of inflation are relevant today.

In what way does the old measure of inflation factor for the spending allocations Americans face today? Let's take health care for example; in 1993 total health care spending was $921.3 billion or $3,502 per capita, factored for inflation. It accounted for 11% of GDP.
Click to expand...

Perhaps you'd like a second chance?
 
double post
 
You must log in or register to reply here.
Back
Top Bottom