THURSDAY FEBRUARY 21
Going Stag

Just to make sure everybody’s on the same page here, stagflation happens when economic growth grinds to a halt, yet somehow, prices magically keep on rising. As the price tag on consumer goods in the U.S. inches toward a 16-year high, even as the Fed lowers its growth estimate for the year and unemployment ticks higher, going stag now appears to be a distinct possibility. That said, it couldn’t possibly get as bad as it did during the three recessions of the 1970s – could it?

February 2008

Login Required

Enter your login details here

E-mail:

Password:

New User?

Sign up to get free access to TraderDaily.com