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Saturday 27 August 2011

rl2010marketing: 'Mini-Stagflation' to Present Big Headache for Ber...

rl2010marketing: 'Mini-Stagflation' to Present Big Headache for Ber...: 'Mini-Stagflation' to Present Big Headache for Bernanke - CNBC

2 comments:

RAYLOKE said...

The prospect of stagflation, indeed, is raising a growing amount of hackles on Wall Street these days on worries that the jobless picture isn’t getting any better and the cost of living—the primary effect of inflation—is rising.

RAYLOKE said...

“Their deliberate debasement of their currencies has led to a hallowing out of savings, productive investment and the middle class—leading to an exacerbated and prolonged economic malaise,” Michael Pento, senior economist at Euro Pacific Capital and frequent Fed critic, wrote in a recent analysis. “Bernanke may not believe in stagflation but that doesn’t make it any less a reality.”