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Bernanke tells Congress high oil prices won't ignite inflation; some lawmakers skeptical

Full story: 680News

Federal Reserve Chairman Ben Bernanke boldly predicted to Congress on Tuesday that rising oil prices will cause only a brief and modest rise in consumer inflation.

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Since: Apr 08

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#1
Mar 1, 2011
 
Uh... hate to burst your bubble, but $4 a gallon for gas is not just igniting inflation, it is exploding it.

“the Naperville Riverwalk”

Since: Nov 10

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Mar 1, 2011
 

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Make that $5 a gallon in the next few months and it stands to reason that if the cost of transportation goes up EVERYTHING else will - groceries, clothing, building supplies - the cost of doing business will increase to much for business owners NOT to pass the cost on the the consumer. Who is he kidding? It's common sense!

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Capricorn

You're feeling slightly unconventional and you're looking for activities that will reflect your mood. You certainly won't be very keen on doing things that are drearily predictable or boring, although you'll grit your teeth and get on with them if you have no choice. But ideally you should do things on the spur of the moment, preferably in the company of people who make you feel alive and alert.

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