Agree. The inflation presure should be milder than the 70s

though. First, the oild supply is there, once the price goes up further, and Asian country stop subsidzing oil, the demand should soften, which will keep the oil price in check. Also the globalization will limit the wage inflation. Stagflation with recession and controlable inflation is possible.

所有跟帖： 

• well, if you believe in CPI number -大猪头- ♂ (19 bytes) () 06/19/2008 postreply 09:10:42

• well, just feel the oil situation is not as bad as the 70s -729418- ♀ (249 bytes) () 06/19/2008 postreply 09:43:04

• root cause of inflation is money supply -大猪头- ♂ (244 bytes) () 06/19/2008 postreply 10:00:03

• I am not betting on rising interest rate either. -729418- ♀ (0 bytes) () 06/19/2008 postreply 10:39:17