With weak U.S. retail sales and a rise in producer prices, many economists ― along with Fed Chairman Ben Bernanke ― believe this is further evidence of “stagflation” in the U.S. economy.
Stagflation? These guys are behind the times. We’ve had stagflation for the last three years! I warned my Real Wealth Report subscribers back in May 2005 that stagflation was already beginning. Now the economy is moving again ― towards a hyperinflationary depression!
More on this topic
(What's this?)
Stagflation?
(Real Wealth - Money and Markets, 7/16/08)
Stagflation Tightens Its Grip on U.S. Economy
(Contrarian Profits, 8/20/08)
Consumer Sentiment at Lowest Level Since Stagflation Era
(Money Morning, 5/19/08)
Ben Bernanke's Latest Quip: One for the Ages?
(Blogging the Commodity Bull Market, 9/15/09)
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