24/7 Wall St.
07-08-2008, 07:02 AM
24/7 Wall St. Daily News
Inflation in China during the month of June was "only" 7.1%. That was slightly better than the two months before, but, according to Reuters, "consumer prices were 7.9 percent higher than a year earlier -- well above the government's official full-year target of 4.8 percent." China's inflation problem may be the most serious potential cause of stagflation in the US. The American economy is already slowing and many economists believe that GDP growth will be negative in the third and fourth quarters. The recession may be bad, but the extent to which it can be weathered depends a great deal...http://feeds.feedburner.com/~f/typepad/RyNm?i=K0dU9J</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=K0dU9J) http://feeds.feedburner.com/~f/typepad/RyNm?i=uwpr1J</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=uwpr1J) http://feeds.feedburner.com/~f/typepad/RyNm?i=S9OKZj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=S9OKZj)
complete story here... (http://www.247wallst.com/2008/07/with-china-infl.html)
Inflation in China during the month of June was "only" 7.1%. That was slightly better than the two months before, but, according to Reuters, "consumer prices were 7.9 percent higher than a year earlier -- well above the government's official full-year target of 4.8 percent." China's inflation problem may be the most serious potential cause of stagflation in the US. The American economy is already slowing and many economists believe that GDP growth will be negative in the third and fourth quarters. The recession may be bad, but the extent to which it can be weathered depends a great deal...http://feeds.feedburner.com/~f/typepad/RyNm?i=K0dU9J</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=K0dU9J) http://feeds.feedburner.com/~f/typepad/RyNm?i=uwpr1J</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=uwpr1J) http://feeds.feedburner.com/~f/typepad/RyNm?i=S9OKZj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=S9OKZj)
complete story here... (http://www.247wallst.com/2008/07/with-china-infl.html)