Thursday, February 18, 2010

Holy Stagflation, Batman!

Kiss your recovery goodbye. Stagflation is here:


The number of U.S. workers filing new applications for unemployment insurance
unexpectedly surged last week, while producer prices increased sharply in
January, raising potential hurdles for the economy's recovery.


The Great Recession just got a lot greater. Anybody out there willing to go long stocks now? Anybody? (Deafening silence follows.)