Re: Roach-Stagflation
[Skip to the end] (an email exchange) A few of things: First, the rising wages in the 70’s led to bracket creep that put the
June 13, 2008
[Skip to the end] (an email exchange) A few of things: First, the rising wages in the 70’s led to bracket creep that put the
Yes, the below analysis has also been the Fed’s position, up until this week’s speeches. It’s been about a crude/food/$ negative supply shock, supported by
Agree, if food/crude/import&export prices keep rising, there will be serious fireworks between congress and the fed. This will include blaming the fed for the high