19 February 2008

Paul Volcker Could Not be Reached for Comment . . .

Chinese inflation hit an 11-year high in January after rising price pressures were exaggerated by fierce snow storms, official figures show.

(I think China is more likely to suffer from stagflation than the United States, so long as we elect a candidate who has Volcker acolytes as economic advisors, and actually listens to them)

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