Inflation Is the Biggest Threat to U.S. Economy in 2010
In 2009, we saw the monetary inflation created by the Federal Reserve’s zero percent interest rates drive up the prices of U.S. stocks, without dramatically increasing the prices of U.S. consumer goods. We consider 2009 to have been a brief period of euphoria, before a rapid increase in the prices of food, energy, clothes and other necessities Americans need to live and survive. With Goldman Sachs and JP Morgan employees taking home record bonuses this month, it’s only a matter of time before this money works its way through the system.
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