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To: fedhead who wrote (43072)6/24/2008 11:09:38 PM
From: Lizzie Tudor  Respond to of 57684
 
on nightly business report today the DOW CEO was explaining why they have hiked prices for the second time in 2 mos- and he said that the US is in the same place as the 70s with Paul Volcker and stagflation. The problem is it is going to be tougher to stem inflation since it is coming from global demand.