jjc7477

Is There Really an Inflation Conundrum?

If it were just a housing issue or just a credit issue or just a commodity issue, maybe it would be easy to answer which direction the Fed should move, if at all. The problem, however, is when you have all three of these PLUS a slowing economy, there truly is no solution. If ever I've felt the world economy stands at the brink, it's now. The myriad of events unfolding worldwide over the past several weeks, especially as the rest of the world's economies have begun to contract along with ours, has taken on the ominous appearance of a ticking time bomb.