Tuesday, January 15, 2008
Welcome Back Stagflation!
Wholesale prices rise by 6%
Soaring energy prices, the falling dollar and the subprime mess are creating the perfect storm for a return to the stagnant economy and high inflation of the 1970s. Wholesale prices surged by 6.3% this past year. Good thing the federal reserve isn't cutting interest rates again...oh wait.
Soaring energy prices, the falling dollar and the subprime mess are creating the perfect storm for a return to the stagnant economy and high inflation of the 1970s. Wholesale prices surged by 6.3% this past year. Good thing the federal reserve isn't cutting interest rates again...oh wait.
