I well remember the 1970's and Jimmy Carter-induced 'stagflation' (and the misery index, and raging gas prices, etc. ad nauseum).
- Ah, the good old days!
Nomura released a chart of today's ISM report. PMI is sinking. Companies costs are rising.
- This is exactly what STAGFLATION looks like.
Oh, and about today's rising gas prices? Well Barry and his Energy Secretary are absolutely OK with that.
- Happy days are here again!
You all should be 'pissed off' .....because you're surely being 'pissed upon.'
Friday 2 March 2012
The 1970's repeated.................from Rico
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1 comment:
Hi dear. This is a happy thing.
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