Price inflation shows up
It looks like we will see price inflation in life’s necessities, even as wages stagnate and unemployment remains high. One of the implications of higher official inflation numbers is higher interest rates. One of the implications of higher interest rates in overwhelming interest costs for the US government, leading to officially recognized insolvency.
Wal-Mart CEO Bill Simon expects inflation – www.usatoday.com: www.usatoday.com/money/industries/retail/2011-03-3…N.htm