Thursday, April 14, 2011

Some statustics from Gallup

Here's a link to an article put out by Gallup. It talks about the economy and a lot of the numbers that they received. It allows us to use self reported surveys to understand what the view of average American mindset is. I think that it is interesting.
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3 comments:

  1. MARKApril 15, 2011 at 5:28 PM

    Are we experiencing stagflation now?

    ReplyDelete
  2. Chris DendrinosApril 16, 2011 at 9:02 AM

    I don't think we are seeing stagflation at all. Yes, gas and food prices have dramatically increased over the past few months, but these increases have not spread to other consumer goods, and when removing them from core inflation the number is relatively flat. Additionally, food and gas tend to be more more volatile in price fluctuations. Here's a good article to read about inflation predictions.

    http://finance.yahoo.com/news/Consumers-feel-the-pinch-of-apf-3014714615.html?x=0&sec=topStories&pos=5&asset=&ccode=

    ReplyDelete
  3. MARKApril 16, 2011 at 6:04 PM

    Yeah, the rise in food costs is directly correlated with the rise in gas prices. Oil is used for most plastic packaging and transportation.

    I mean, the rise in oil prices should effect the prices of most consumer goods, right?

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