Get your bell bottoms on because stagflation might be back

User offline. Last seen 1 year 20 weeks ago.
Sophia
Number 741
Conspirator for: 3 years 24 weeks
Posted on: August 16, 2011 - 9:02am

The 1970s, the decade of bell bottom trousers, prawn coctails, disco, Lynda Carter & stagflation!


http://www.bbc.co.uk/news/business-14540818

 

Okay the official inflation rate isn't nearly as bad as it was in the 1970s. Thing is being as there's hardly any growth in the economy & therefore wages aren't going up as nearly as much as the rate of inflation & therefore it does feel as if it is a return to the 1970s. the spirally level of debt here in the 1970s & wages not keeping pace, led to an awful of industrial wage disputes, which scared investment away & the recent riots whatever the cause are likely to do the same.

 

Milton Friedman where are you when we need you.


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FUR3jr
Number 468
FUR3jr's picture
Conspirator for: 5 years 26 weeks
Posted on: August 18, 2011 - 3:28pm #1

Yeah, this is going to be fun. 

But what can you do about stagflation?  That's what the man is thinking, there is nothing you can do about it.  So the man will proceed with his misguided plan.  But the man, as usual, is wrong. 

Where there are problems, there are opportunities.  When people are out of work, they may be more open to ideas, be they theoretical or practicle.


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Gardner Goldsmith
Number 6
Gardner Goldsmith's picture
Conspirator for: 8 years 24 weeks
Posted on: September 2, 2011 - 11:38am #2

The new unemployment numbers are out and they show that "officially" it's at 9.1% (that's more like 17% in real terms). Let's hope that people have been smart and gotten some gold or silver to trade, because this is only the beginning. When those super-high price increases arrive... Big trouble.


User offline. Last seen 1 year 20 weeks ago.
Sophia
Number 741
Conspirator for: 3 years 24 weeks
Posted on: September 14, 2011 - 7:36am #3

Umemployment is up

Inflation is up

Average incomes are falling

Growth is stagnating

 

Nick Clegg said today the economic recovery was going to be tougher then first anticipated

 

All I have to say to Nick Clegg is NO SH**T!


User offline. Last seen 1 year 20 weeks ago.
Sophia
Number 741
Conspirator for: 3 years 24 weeks
Posted on: September 14, 2011 - 7:37am #4