06
Feb
2009
Employment Down, Inflation Fears Up
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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