The politicos in Washington regard Carter as a failure. Yet, to us, he is still a hero. He was the only presidential candidate your editor ever voted for.
February 18th, 2010 | Bill Bonner | 3 comments | ContinuedAll Posts Tagged With: "stagflation"
Volcker, the Last Central Banker in America to Have Any Real Integrity
He saw what needed to be done and he did it. He hiked up rates and brought consumer price inflation under control.
December 14th, 2009 | Bill Bonner | 4 comments | Continued
The Threat of Hyper-Depression
At this stage nothing is certain, but the country is currently headed straight into a period of very rapid price hikes and a very bad recession. It would not surprise me at all if the national unemployment rate and the annualized rate of consumer price inflation both broke through into double digits by the end of 2009.
March 26th, 2009 | The Daily Reckoning | 4 comments | Continued
Fall in Commodity Prices Will Reduce Inflationary Forces
Now to the big subject of the day. Inflation. You’d think evidence of even bigger deficits in the U.S. is clearly inflationary. But not everyone thinks so. The new prophet of doom, Dr. Nouriel Roubini, says at least four factors are setting up what he calls “Stag Deflation” (as opposed to the stagflation of the 1970s, where you had no growth and rising prices). Roubini’s four forces of Stag Deflation are…
October 31st, 2008 | Dan Denning | 6 comments | Continued
No Great Slump, but Stagnant Inflation Looms
The world is not on the edge of another Great Slump, but the combination of the deflationary effect of the collapse of a widespread housing bubble with the inflationary effect of higher prices for oil and food does present Governments with the most difficult economic problems since the 1970s. It was then called “stagflation”, to reflect stagnant inflation. Both horns of the stagflation dilemma now look sharp and threatening.
April 11th, 2008 | William Rees-Mogg | 2 comments | Continued
More Cash and Credit: How the Economy got Here in the First Place
This time, the financial authorities aren’t even opening the medicine cabinet. They’re afraid the patient couldn’t stand the treatment. Instead, they’re administering the old elixir that got the economy into serious problems in the first place – more cash and credit.
March 5th, 2008 | Bill Bonner | 0 comments | Continued