Rising oil prices risk a deflationary spiral in the U.S., not an inflationary spiral, Cullen...

|By:, SA News Editor

Rising oil prices risk a deflationary spiral in the U.S., not an inflationary spiral, Cullen Roche writes. Oil price increases are cost-push inflation, he explains, and for an economy still mired in a balance sheet recession, only gives the appearance of inflation in (highly visible) gas prices while creating deflationary trends in most (less visible) other assets.