Wednesday, 7 April 2010

Moneynews

Breaking News from Moneynews.com

Analyst Daryl Jones: Inflation Is Already
Roaring Back

While some economists continue to say that inflation isn’t a threat now, analyst Daryl Jones says that’s not true. The government has incentive to underestimate inflation, because the consumer price index (CPI) is used to determine outlays for 48 million people on Social Security, 22 million on food stamps and 4 million civil service retirees, says Jones, managing director of risk management at research firm Hedgeye.
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