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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (103350)5/19/2001 1:35:15 AM
From: Jim McMannis  Read Replies (1) of 436258
 
RE:"The bottom line is that the Fed is ``fueling inflation in a depressed environment,'' Low says. ``We're going to have no growth and inflation.''"

They call that stagflation. The inflation will be sector limited too. Some sectors will see deflation or disinflation. Eventually we should see even the inflationary sectors rendered from their fat.

Jim
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