{"id":13550,"date":"2010-11-08T20:21:37","date_gmt":"2010-11-09T03:21:37","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=13550"},"modified":"2010-11-09T10:30:58","modified_gmt":"2010-11-09T17:30:58","slug":"mama-grizzly-knows-sumptin-its-sunset-for-low-mortgage-rates","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/13550\/mama-grizzly-knows-sumptin-its-sunset-for-low-mortgage-rates\/","title":{"rendered":"Mama Grizzly Knows Sumptin’: It’s Sunset For Low Mortgage Rates"},"content":{"rendered":"

One of the things I love about the internet is that links last.\u00a0 For your soap-operatic pleasure, Sarah Palin asks a national author if he read his own newspaper, when he criticized her remarks about inflation<\/a>:<\/p>\n

So, imagine my dismay when I read an article by Sudeep Reddy<\/a> in today\u2019s Wall Street Journal<\/em> criticizing the fact that I mentioned inflation in my comments about QE2<\/a> in a speech this morning before a trade-association. Here\u2019s what I said: \u201ceveryone who ever goes out shopping for groceries knows that prices have risen significantly over the past year or so. Pump priming would push them even higher.\u201d<\/p>\n

Mr. Reddy takes aim at this. He writes: \u201cGrocery prices haven\u2019t risen all that significantly, in fact.\u201d Really? That\u2019s odd, because just last Thursday, November 4, I read an article in Mr. Reddy\u2019s own Wall Street Journal <\/em>titled \u201cFood Sellers Grit Teeth, Raise Prices<\/a>:\u00a0Packagers and Supermarkets Pressured to Pass Along Rising Costs, Even as Consumers Pinch Pennies<\/em>.\u201d<\/p><\/blockquote>\n

It’s common knowledge that Sarah Palin is a vacuous bimbo, who gathers her economic news from the Wasilla Women’s Club Newsletter, right ?<\/p>\n

Call me suspicious but I watched an amiable dunce win the Cold War, without firing a shot<\/a>.\u00a0 Let’s just say I’m less inclined to question the intelligence of country bumpkin politicians, after living through Reagan, and am more inclined to second guess the propagandists at the major dailies.<\/p>\n

Whodathunk Mama Grizzly would face<\/a> the Wall Street Journal<\/em>, though?<\/strong><\/p>\n

Mama Grizzly and Mama Brady know something about inflation; they do the weekly grocery shopping.\u00a0 When Mama Brady told me that our grocery budget had to be adjusted upwards, while I was remarking that our budgeted monthly fuel expenses had to be adjusted\u00a0 as well, I started thinking that inflation might just be around the corner- that’s not good for mortgage rates.<\/p>\n