It Stagflation News Today

At its fastest rate for a decade, with inflation at 5.1% last month according to figures from the office for national statistics. rising transport and energy costs have driven the increase, which is substantially higher than analysts had been expecting and more than double the bank of englands inflation target of 2%. tomorrow, the bank has to decide whether or not to raise interest rates in response to the new inflation figures. heres our economics correspondent, andy verity. when chrissyjones f...

Kaltbaum. how should with worry about the sell-off? the dow down 950 points at one point. >> the big worry is the combination of a slowing economy and pricing going up. they call it stagflation. if we get that in a serious fashion, markets will take a dive. hurts profits, hurts consumer. theres no worst scenario to come and you have a market where nothing has gone wrong. we continue to go higher off of the fed and valuations are in the trees so you have one heck of a combination here right now. ...

Car. they are going to suvs and trucks. the other thing i think when we talk about gasoline prices and its impact on consumer news, there are always people that can be hurt with higher gasoline prices. but if you put that into the context that the economy is in the best shape its been in in generation, and its a bad thing the prices go up for that reason but its a good thing because guess what, we would love to drive more. its america. >> in the 70s, the prices were running out of control and go...

The s word is stag tphraeugs. itstagflation.it is high priced unemployment. we are headed towards a period where prices are rising, people cant find jobs. we have to bring prices down and get jobs back. the person that should really be concerned about that is barack obama. if we have a combination of 9% unemployment and 6 or 7% rise in prices next year i dont see how he gets reelected. jenna: so much can change. the value louisiana teuft of this has been so hard to fine. >> gas prices are going ...