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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.
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
6 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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