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Inflation In Spades
The Fed loses control of inflation…
The world is in danger of a “global stock and credit crash,” says the Royal Bank of Scotland.
A “very nasty period,” may be coming, it goes on, as “the chickens come home to roost.”
Morgan Stanley also warns that a ‘catastrophic event’ may be coming, caused by the collision between Europe’s tight monetary policy and America’s loose one.
Surging inflation all over the world is putting pressure on the Fed to raise rates. But raising rates in an economy with rising employment and falling house prices could be disastrous.
On the other hand,…
24Jun2008 | Daily Reckoning | Comments Off | Continued
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