Friday, 2 March 2012

The 1970's repeated.................from Rico

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.'

1 comment:

abercrombie said...

Hi dear. This is a happy thing.