06 Feb 2009

Employment Down, Inflation Fears Up

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Well employers cut 598,000 jobs in January, “the deepest cut in payrolls in 34 years” though that is misleading because the population is bigger now. I need to start thinking of where Wenzel is buying me dinner.

On the other hand, I am beginning to worry about my price inflation forecast. Now that CNBC is running front-page stories on how the US could have 200% inflation, I’m thinking we will probably get deflation.

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