Inflation Pinch
When a middle of the road suburban paper like Newsday has a story like What's putting the pinch on consumers? on the front page, you know that Inflation expectations are no longer "well contained."
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Source:
What's putting the pinch on consumers?
KEIKO MORRIS
Newsday, March 31, 2008
http://www.newsday.com/business/ny-bzecon0331x,0,3085764.story
Graphic
http://www.newsday.com/business/ny-lifood0331pg,0,4548295.photogallery
Tuesday, April 01, 2008 | 11:45 AM | Permalink
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..and yet gold, the magical inflation hedge, is nosediving, and TIPS are useless since they're indexed to the fake (wildly understated) official numbers. Hold cash and watch your holdings in real dollars disintegrate. Is there anywhere left to hide?
Posted by: RNL | Apr 1, 2008 11:53:09 AM
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