US stagnation revives, inflation coming back with the speed of a meteor
Paula Rabke
Jul. 31, 2010

The lack of jobs prompts American consumers to put a brake in spending. Commodity inflation is back as Gold signals hyperinflation in America.

The oil and food price can rise with double digit core inflation rate. At the same time the US economy is showing signs of stagnation.

The economy in the U.S. grew at a slower-than-forecast 2.4 percent annual rate from April through June after expanding at a 3.7 percent pace in the previous three months, Commerce Department figures showed yesterday. Household purchases climbed at a 1.6 percent rate following a 1.9 percent first-quarter gain that was smaller than previously estimated.

Growth in the past three months was supported by increases in inventories, home construction, business investment and government spending that may not be matched this quarter.

The fragile nature of the economy is manifested by the worst U.S. recession since the 1930s was even deeper than previously estimated, reflecting bigger slumps in consumer spending and housing, according to the Commerce Department’s annual revisions also issued yesterday.

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The lack of jobs prompts American consumers to put a brake in spending. Commodity inflation is back as Gold signals hyperinflation in America.
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