February 20, 2024 10:02 AM

Inflation Surge


Opinion: A Gathering Financial Storm – Inside Sources

In “The Sun Also Rises,” Ernest Hemingway wrote: “How did you go bankrupt?” “Two ways. Gradually, then suddenly.”  The late MIT economist Rudi Dornbusch said something similar about economic crises. He wrote that a financial crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.


Economists Say Inflation Is Real, Warn More Spending Could Make It Worse

To paraphrase Jerry Seinfeld’s would-be paramour, “Inflation is real….and it is spectacular.” Spectacularly bad, says economist Stephen Moore, noting the annual inflation rate in the U.S. surged to 6.2 percent in October, the highest since November 1990. And the reason is simple, Moore says. “There are too many dollars chasing too few goods.” Democrats who just

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