I also remember that when gas hit $4.25/gal in Houston. I was seeing trucks for sale in craigslist for like dirt cheap I am sure you could get those close to free since noone would buy them There was a 1 year waiting list in Toyota Pirius as well
yea yeah..2 years old hammers for 10k..i heard the story..it's was all over the news..NOT TRUE. at least not in PA. not even on auto auctions..there is some drop in price of SUV's,but not like 30-50% away from "regular" prices. i was looking to buy an H3 for 10K-12K-no luck
The Bernank wants to define inflation as a "wage and price spiral"... we don't have that right now... and have a HUGE buffer due to our high unemployment before that would occur.... therefore, "no inflation"... Food could double in cost... gasoline could double.. yet by The Bernank's measure, we'd still have "no inflation"... More smoke and mirrors.. "technical definitions/lies" to argue against reality..