From the article in post #70...
Stagflationary dynamics occur when a growth recession - or worse - occurs alongside upward price pressure, inflation. Policy markers face unique challenges and enhanced prospects of failure in such an environment. Given the normally poor record of policy makers this is scary. As price pressures persist alongside rising trade and federal spending imbalances into 2006, stagflation lurks.
Keep your eyes out for data that suggests cooling growth and rising prices. When it rains it pours. http://www.prudentbear.com/archive_comm_article.asp?category=Guest+Commentary&content_idx=47829
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