To: dufekin
"All this inflation could be enough to trigger a new recession...that's what I fear."
yup. Commodity pricies are starting to look more and more like 1974. Youre right the recession will likey begin in early 2005. It took about 6 months plus for the Arab oil embargo in Oct 1973 to cause unemployment to rise.
China's out of control growth is responsible for all this commodity inflation. But if andwhen China bursts, there will be massive deflation. China will cause the world's economy to go through massive inflation then deflation cycles
To: boxsmith13
'05 would hit whoever is President then really hard. Might be the silver lining in a dark cloud Kerry admin should that disaster befall us.
58 posted on
05/05/2004 5:07:51 PM PDT by
RightWhale
(Destroy the dark; restore the light)
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