Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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Sunday, August 17, 2008
Energy Prices Drive Inflation to Highest in 17 yrs
Energy prices led the worst monthly surge in inflation in 17 years. The spike drove food prices up, along with transportation costs and apparel.