Quote of the day: Stagflation & the 1970s
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Is it kosher to make myself the quote of the day?
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"I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation," said Barry Ritholtz, CEO and director of equity research for Fusion IQ. "This is nothing like the 1970's, which was a pretty dismal period, and not just because of polyester and disco."
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Even my detractors will have to admit that's a funny line . . .
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Source:
Watch inflation now!
Chris Isidore,
CNNMoney.com February 21 2008: 2:19 PM EST
http://money.cnn.com/2008/02/21/news/economy/inflation/index.htm
Friday, February 22, 2008 | 10:00 AM | Permalink
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Comments
Good one Barry...what about the importation of inflation from over-seas? Is that a non-issue?
Posted by: JustinTheSkeptic | Feb 22, 2008 10:06:25 AM
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