Finally! Bernanke Is Making Our Stagflation Call...

07/15/08 10:14AM EDT

While we let the US government prepare to interrogate Bernanke at today's hearings, the takeaway in Bernanke's prepared comments is crystal clear.

Bernanke: "upside risks to inflation have intensified, while significant downside risks remain to growth"

This is stagflation, defined.
KM

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