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Posted in Economics, Business, Finance, Stock Market on Mar 2nd, 2008
From Yahoo! Finance:
By John Wilen, AP Business Writer
Oil Jumps to Record Above $103 As Weakening Dollar Attracts Fresh Capital to Market
NEW YORK (AP) — Crude prices extended their march into record high territory Thursday, shooting up more than $2 a barrel as a falling dollar and the prospect of lower interest rates attracted more investors […]
Posted in Economics, Accounting, Business, Finance, Stock Market on Mar 2nd, 2008
From Yahoo! Finance:
By Jeannine Aversa, AP Economics Writer
Bernanke Dismisses Worries About US Economy Returning to ’70s-Style ‘Stagflation’
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told Congress Thursday that the nation isn’t “anywhere near” the dangerous stagflation situation of the 1970s.
With the economy slowing and inflation rising, fears have grown that the country could be headed […]
Posted in Economics, Taxes, Accounting, Kenneth D. Gartrell, Business, Finance on Mar 2nd, 2008
By: Kenneth D. Gartrell
Never mind what the Fed says ….it is already here in relative terms – likely to arrive this summer in real terms.
Recent news reports raise the spectre of stagflation: an abstract economic concept that arose near the end of the last oil crisis in the mid-1970s. It is supposed […]
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