Inflating its way to Recession?

Last updated on Feb 21, 2008

Posted on Feb 21, 2008

Is US inflating its way into Recession?

Lowering interest rates > Lower Dollar > Inelastic demand for foreign goods > Sticky (Real) Deficit > Ballooning nominal Deficit > Run away Inflation.

Makes sense?  Here is a sampler:

-Gold soared $26
-Platinum exploded $91
Iron-Ore Prices Up 65-71%
-Copper surged 20 handles
Wheat prices surge to new high
-Soybeans traded at a record high.
Fertilizer makers soared to record share prices

Welcome to a world of less jobs and high prices!

Share on

Tags

Subscribe to see what we're thinking

Subscribe to get access to premium content or contact us if you have any questions.

Subscribe Now