U.S. risks stagflation, says BIS chief

BASEL, Switzerland, April 29 (Reuters) - Stagflation is an increasingly plausible prospect in the United States and weak economic growth could last well into 2009, if not longer, the head of the Bank for International Settlements says. That does not herald a rerun of the economic stagnation and rampant inflation that ran riot during the 1970s

Posted in The Cold Hard Truth (View Technorati URL search 4 links from 1 site)

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <img> <span> <hr> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <i> <b> <p> <br>
  • Lines and paragraphs break automatically.

More information about formatting options

CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
sfy39587f02