March 16, 2006

BEN BERNANKE, SUPERGENIUS:


Inflation slows to 2.2%
(ROMA LUCIW, 3/16/06, Globe and Mail )

Canada's annual rate of inflation fell to 2.2 per cent in February, as consumers paid less for gasoline, Statistics Canada said Thursday.

Posted by Orrin Judd at March 16, 2006 8:40 AM
Comments

Bernanke caused this to happen how?

Do you stand by your year's end prediction that Fed will cut rates at least once before 2007? That would be known in November, no?

Posted by: Lawrence at March 16, 2006 9:57 AM

Did you mean to cite the Canada inflation? US inflation was much slower in Feb as well

Posted by: AWW at March 16, 2006 9:59 AM

Lawrence:

He obviously didn't--deflation/noninflation is a global phenomenon.

yes, the Fed will begin cutting this year--real interest rates are usurious.

Posted by: oj at March 16, 2006 10:00 AM

cut those rates so the housing market takes off again so i can sell my place to a nice rich chinese person fleeing the unrest in the prc and taiwan.

Posted by: toe at March 16, 2006 1:26 PM

Gas prices are getting jumpy again - several refineries in PA and the Caribbean are (or soon will be) shut down for seasonal maintenance (which they skipped last fall due to the hurricanes).

And OJ - did you see the piece in the WSJ earlier this week about electricity price hikes due to lack of coal (due to railroad problems in the Midwest and West)? Very interesting. Some utilities are looking at setting up their own railroads because they can't rely on the big boys. The shortages involve routing problems due to declining miles of track, switching problems, maintenance issues, and a lack of hopper cars).

Posted by: ratbert at March 16, 2006 3:00 PM

s/on

Railroads are a tribute to the union movement in the U.S.

s/off

Posted by: erp at March 16, 2006 4:09 PM

The death of railroads was--autoworkers wanted roads.

Posted by: oj at March 16, 2006 4:14 PM

Union'featherbeding" severely injured the railroads, but they were going south anyway. Individual liberty (not freedom as you use it) was the reason. Sure, I know you disagree, but hey, all those abandoned right of ways make great bike paths for the politically correct. All things work together.........

Posted by: jdkelly at March 16, 2006 7:01 PM

It's always best to destroy the old so that you build afresh--witness Japan and Germany vs the European nations that "won" WWII.

The new rails will be much better.

Posted by: oj at March 16, 2006 7:04 PM

And I just read that mort. rates should be at 6.9% by the end of the year......

Posted by: Sandy P. at March 16, 2006 7:05 PM

Yeah, they'll be better for hauling coal. Like the South Dakota, Minneapolis (Minnesota?) and Eastern discussed in the WSJ this week. We're more likely to be traveling like the Jetsons than on new passenger railroads.

Posted by: jdkelly at March 16, 2006 8:02 PM
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