Thursday, August 14, 2008

STAGFLATION - confirmed by CPI today Aug 14

Stagflation is an economic situation in which inflation and economic stagnation occur simultaneously and remain unchecked for a period of time.

Prices are increasing at a decreasing rate Real Estate has shown no indication of a bottom Bank Failures have shown no indication of a bottom Oil is only at a temporary lower price - should start to rise Labor day ...drift off after and then rise further when heating season begin Monthly unemployment has risen to 450,000 (a high) and will ...proceed to 600,000 (a new level downward - of concern The dollar has strengthened on a perceived improvement in ...a lower Euro Dollar and subsequent Oil Price reduction

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