Author Topic: Fed will get its inflation; here's who will pay  (Read 982 times)

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Offline kelee877

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Fed will get its inflation; here's who will pay
« on: September 09, 2013, 05:14:26 PM »
What's good for central banks isn't always good for the individuals they are supposed to serve, a lesson likely to come into view even more clearly in the days ahead.

Higher inflation that's to come will mean still-tough times for savers and retirees, whose money has generated little return since the Fed took over the post-crisis economy.


But with interest rates accelerating, the economy growing and the Fed charting a course to exit its historically easy monetary policy, the inflation picture could begin changing.

Economist David Rosenberg, who also serves as strategist at Gluskin Sheff, believes the day is near when inflation starts coming alive, and with little benefit to those not in the risky end of the financial markets. In fact, he thinks a mild stagflation -high unemployment and inflation-is in the cards.

In loving memory of my son Chris April 12 1985-June 19 2007