Breaking News from Moneynews.com Rising Inflation Fails to Dampen Consumer Confidence Obama’s Surprise: One of the world’s greatest economists, a winner of the Nobel Prize, wrote a book two decades ago that has suddenly become a runaway best-seller. This book is eerie in its prophetic warning about a coming inflation of the U.S. dollar, an inflation that could wipe away a significant part of your wealth. Bernanke and Obama are now characters in the unfolding plot exactly as the economist wrote in this book.
Confidence among U.S. consumers increased more than forecast in April, signaling the improving labor market is helping Americans weather rising fuel costs. However, bigger gains in sentiment may be difficult as households spend more for food and gasoline, which is at the highest level in almost three years.
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Wednesday, 27 April 2011
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