Today's massive inflation number is being contrasted
with Greenspan's COMMENTS in Tokyo indicating an economic slow down caused by oil prices... And everyone is amazed. Wassup?
It's called STAGFLATION and the stupids in the media still don't get it... The way we "do recessions" in the post-1971 world is by stagflation.
WE ARE VERY LIKELY GOING TO REPEAT THE 1970's IN THE COMING YEARS... The names will be different but the economic thinking and motivations are the same.
