Thursday, July 31, 2008

Interesting take on inflation by Jeff Rubin

Jeff Rubin, CIBC World Markets Chief Economist discusses why he feels we will see a 6% inflation rate soon. His argument, "this labor outsourcing story to the cheap labor markets in Asia is over" thanks to triple-digit oil prices. The result will be even higher prices. He also asks, "how much longer can the fed funds rate remain where it is when inflation is at 6%?"

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source: 6% inflation ahead?
Jeff Rubin on Fox business news

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