Word: inflationitis
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How badly Asia will feel the effects of the U.S. slump depends on its depth and duration. A mild, relatively short U.S. downturn might not be entirely a bad thing in the country that's become the world's second growth engine: China. Most economists believe inflation remains China's...
How serious are the consequences likely to be? Much more could go wrong: a collapse of the dollar, or of U.S. consumer confidence as house prices continue their fall. But on balance, the denizens of Davos would be well advised to keep up their sunny spirits. Taking the long view...
China has resisted foreign pressure for faster appreciation of the yuan out of concern that such action will slow the economy and reduce employment. But policymakers also know their stance is fueling trade frictions and that exchange-rate appreciation is not always bad for job creation. A stronger currency could...
It's not that straightforward anymore. Voters see the larger forces at work. More and more economists are declaring the country to be on the verge of a recession, if not in one already, thanks to the collapse of the housing industry. There are trouble signs in just about every...
Knowing what to say to voters about the economy used to be an easy enough proposition for Republicans. "In the 1970s, it was inflation, and other than that, it's been jobs," says former Congressman Vin Weber, the Romney campaign's policy chairman. "Everybody learned their lines about the economy...