Stagflation is right around the corner, then deflation, and finally runaway inflation as interest rates go into the double digits.
Concur, a very real possibility...Here is an excerpt from a 2002 Bernanke speech:
If we do fall into deflation, however, we can take comfort that the logic of the printing press example must assert itself, and sufficient injections of money will ultimately always reverse a deflation.
115 posted on 03/02/2009 10:36:54 AM PST by PerConPat
(A politician is an animal which can sit on a fence and yet keep both ears to the ground.-- Mencken)