Post by el Gusano on Apr 30, 2011 8:29:50 GMT -5
Ready for more stagflation?
I know Jimmy Carter just has to love Obama for getting him off the bottom of the worst presidents list.
At least this administration finally admits that they are causing inflation.
The last paragraphs in the article pretty well sum it up:
I know Jimmy Carter just has to love Obama for getting him off the bottom of the worst presidents list.
At least this administration finally admits that they are causing inflation.
The last paragraphs in the article pretty well sum it up:
And if gold and global central banks are to be believed, an inflationary spiral has been underway for more than a year.
It does look like the Fed is getting itself into a stickier mess all the time, that if nothing is done the economy seems headed into that 1970’s double-whammy nightmare of stagflation, a stagnant economy with rising inflation.
It does look like the Fed is getting itself into a stickier mess all the time, that if nothing is done the economy seems headed into that 1970’s double-whammy nightmare of stagflation, a stagnant economy with rising inflation.
