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.

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