Jimbo

U.S. Economy Will Suffer Simultaneous Inflation and Deflation

I have been seeing stagflation, an ugly reminder of the 1970s, for some time. Things which people have to buy frequently, such as energy,food, and other consumables, are rising in price. States and municipalities are raising "fees" instead of taxes. But home prices, hard goods, and other things seldom purchased are declining. Meanwhile, the availability of jobs and salary increases decline dramatically. This is a formula for much pain and social unrest. By the way, ten quarts of powdered skim milk have gone from $5.99 to $7.99 in Florida, yet dairy farmers in the northeast are selling off their herds because they can't pay their overhead. Strange times.