Tag Archives: Stagflation

A mere six months ago, the Fed was fretting about the danger of slipping into deflation. A funny thing happened on the way to the Fed’s feared deflation. The Inflation Genie Leaped out of the bottle. This is occurring despite falling US wages and still soft U.S. markets. It adds up to Stagflation lead by commodity prices and import inflation and is resulting in declining real wages. Continue reading →