Inflation out of control! What to do …
Mike Larson (June 20th, 2008) Writes:
I hate to be the one to yell "FIRE" in a crowded theatre. But the time for keeping quiet has long since passed. The time for ignoring the gathering clouds of smoke is over. It's time to sit up, pay attention, and get your portfolio the heck out of harm's way ... because we have a full-scale, five-alarm, inflationary wildfire on our hands.
Allow me to walk you through the overwhelming, undeniable evidence ...
Import prices are soaring at an
astronomical rate
The government's policy of ignoring the dollar's decline is leading to astronomical increases in the cost of imported goods. In the month of May alone, import costs jumped 2.3%. That came on the heels of a 2.4% rise in April and a 3% increase in March.
But the year-over-year comparisons are even ...
Tags for this Post:
Clouds Of Smoke, Control, Current Market News, Economics, Gathering Clouds, inflation, Sit, Yell
Clouds Of Smoke, Control, Current Market News, Economics, Gathering Clouds, inflation, Sit, Yell


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