7.16.2008

Consumer prices are up 5% -- Inflation or Stagnation?

With consumer prices up five percent, which is a seventeen year high, are we headed for inflation or stagnation? The prices are being driven up by food and energy cost, as well as health care.

As the credit crunch has come about because the of the housing debacle, where does this put the economy? With so much negativity, do we have the proverbial silver lining?

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