Quote:
Originally Posted by finnbow
At some level, it's all interrelated IMHO. Stagflation implies an inflationary element. Don't pass the Debt Ceiling and just watch interest rates shoot upward, perhaps being the last straw to trigger the cited "stagflation." Then again, maybe not. Anyone who claims to have a full grasp of the dismal science (to a point of making and believing their own forecasts) is either full of chit or delusionary IMHO.
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Well, its interesting that there were a fair number of folks who pointed to QE and QE II as laying the groundwork for inflation whenever the recovery would begin, and here it comes.