Re: The Economy, Lounge Style
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So what we are set for is staglation; we are entering a recession at the same time we will see significant price inflation. The last time this happened was the 1970s, and that occured for largely the same reasons it is happening now.
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Borodog can you expand on this? As far as I am aware, oil prices are leading to inflation but growth is still rather strong. I checked the latest economic data from the Fed and there was 3.9% growth in the last quarter, and very little spillover from housing into other sectors. But I'm writing a paper right now and cannot do further research [img]/images/graemlins/frown.gif[/img]
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