Do You Believe Ben Bernanke Or Your Empty Wallet?

Do You Believe Ben Bernanke Or Your Empty Wallet?


Inflation Has Reared Its Ugly Head


By Dell Hill

“Fed Chairman Ben Bernanke insists that the Federal Reserve is keeping inflation down, but Americans overwhelmingly say they are paying more for groceries these days and expect to pay even more in a year's time.
           
The latest Rasmussen Reports national telephone survey of U.S. Adults shows that 81% are at least somewhat concerned about inflation, including 47% who are Very Concerned.”

(Note:  Those links take you to a paid online service.)

Essentially, Rasmussen is confirming what every single one of us already knows - Inflation is on us and the cost of goods and services isn’t going to be falling any time soon.  Not the best news that the “Golfer In Chief” wanted to hear today, but it is what it is.  And it’s NOT good news because the man is campaigning for re-election.  Therefore, Bernanke will toe the political line and deny the obvious until the cows come home.