Where do we get our oil and our cars and our.....
Am I a doomer for being real....
Does anyone see the Inflationary Spiral at the doorstep???
What we’re seeing is a fed that is pushing an inflationary policy by printing more money that the market can bear, resulting in a weaker dollar.
More dollars chasing the same amount of goods = inflation.
Yet, at the same time, economic factors such as the housing bubble and a high international demand for commodities like metals and oil are acting as a brake to slow our economy down.
Thus we get a stagnate economy with inflation, ie - stagflation (1970’s flashback!)
Bush is, economically speaking, turning into the Republican version of Carter.
Gag!
Not yet. The dollar, as the article ststes is not even close to it’s historical lows either in relative value or as a % of total currency reserves around the world.