Texrat

Inflation Fears Are Overblown

I think anyone painting a rosy picture of any aspect of the US economy is living in an ivory tower. Even if we get stagflation, as one poster pointed out (probably accurately), how is that better?

The odds are that no matter how one dresses it up, the US economy will be an ugly pig for some time. And it's just gonna get uglier. If nothing else, panicky consumers losing their jobs and struggling to pay for gas will make that a self-fulfilling prophecy.

Just watch.