Could it Be ... Stagflation?

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3:31 PM, Sep 14, 2012 • By GEOFFREY NORMAN

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The signs are not comforting. First there is this:

Industrial production in the U.S. shrank in August by the most since March 2009, reinforcing concern that a pillar of the expansion is faltering.

Then this:

The cost of living in the U.S. climbed in August by the most in more than three years, reflecting a surge in fuel costs.

And then, this:

Treasuries fell, pushing the yield on the 30-year bond above 3 percent for the first time in four months, as inflation expectations surged ...

Not reassuring but, then, could be the economy is just having a bad day.

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