More Unexpected News: Inflation Rising Faster than Expected

by Sal on February 18, 2010

in Economy,Politics

In addition to the news on the ‘unexpected’ rise in new jobless claims, more economic news was released today regarding inflation, with producer prices rising at a rate of 1.4%.  Analysts were surprised.  However, it makes sense that when a government gets more and more involved in the economy, pumping trillions in through debt spending, and the Fed injects trillions of dollars into circulation, that inflation is on its way.  This should not be ‘unexpected’.  So what do we have?  High unemployment along with the prospects of inflation and low economic growth.  Call it stagflation, call it a double-dip recession, but whatever you call it, it isn’t good.

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