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Reuters: Greenspan warns of higher long-run inflation - WSJ
WASHINGTON, Sept 14 (Reuters) - Former Federal Reserve Chairman Alan Greenspan warns in his memoir that if the Fed is to keep the inflation rate between 1 and 2 percent in coming years it could be required to force interest rates into double digits, according to a report in the Wall Street Journal.
Thanks Alan! You ought to know. You helped get us here.
December 20th COVID Update: COVID in Wastewater Increasing
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[image: Mortgage Rates]Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
For deaths, I'm currently using 4 weeks ago for ...
13 hours ago
2 comments:
American consumers will be bearing the cost of safer toys, but not until after this year's Christmas season.
Shoppers can expect price increases up to 10 percent next year to pay for increased vigilance by toy makers and stores after more than 3 million lead-tainted toys from China were recalled worldwide since June. That means a $6.99 Barbie doll could go up to about $7.70, or a $70 child friendly digital camera could retail next year for almost $80
A 10 percent average increase would be the biggest one-time price hike in toys in several years, analysts say. And it's more than twice the government's measure of consumer inflation of 4.7 percent during the first seven months of this year.
http://www.azcentral.com/business/consumer/articles/0913biz-toyprices13-ON.html
Anonymous,
And it's more than twice the government's measure of consumer inflation of 4.7 percent during the first seven months of this year.
Yeah, inflation sure is back under control, isn't it?
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