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Thursday, 18 February 2010 04:00

Is That Stagflation That I Hear Coming?

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From CNBC:

Jobless Claims, Inflation Jump as Economy Wobbles

Both the number of workers filing new applications for unemployment insurance and producer prices unexpectedly surged, dealing a setback to hopes the economy was showing a strong recovery.

Hmmm... What happens when wages and earning assets go down in value as input prices increase? I have warned of the stagflationary scenario several times in the past as the most likely outcome of the battle between the deflation camp and the inflation camp. See:

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ReggieMiddleton: UK Retail Sales Slide at Fastest Pace in 2 Years in April - Well of course. Don't these guys read the BoomBust??? http://t.co/EBqwBmeA

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ReggieMiddleton: BOE Prints Money if Econ Worsens: No UK Double Dip If It Never Truly Left The First Recession - #MaxKesier VIDEO http://t.co/PCCZhprN

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ReggieMiddleton: BOE to Print Money if Economy Worsens: UK Can't Be In A Double Dip Recession If It Never Truly Left The First Recession http://t.co/hvTY90qo

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