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re: States run by Republican governors boast highest economic growth rates
Posted on 8/20/14 at 1:29 pm to Hawkeye95
Posted on 8/20/14 at 1:29 pm to Hawkeye95
quote:
resource rich states have done better due to the increase in the price of commodities (thanks fed!).
Resource rich states increase the citizens wealth not because of fed induced price inflation but because of demand price increases.
Inflation infers an increase in price not value.
Demand increases value and prices follow.
Posted on 8/20/14 at 1:38 pm to GumboPot
quote:
Resource rich states increase the citizens wealth not because of fed induced price inflation but because of demand price increases.
Inflation infers an increase in price not value.
Demand increases value and prices follow.
the fed's low rates have directly increased the price of commodities, through a variety of means.
I do agree demand is the ultimate barometer of the price. But the fed's ZIRP policy has made commodities purchases an attractive alternative investment.
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