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