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Strategies to Survive Stagflation in the US and Asia
Posted on June 25, 2008
Excerpts from Dr. Enzio von Pfeil's June 25, 2008, appearance on CNBC Asia:Many believe that the Fed will keep rates on hold for now. What are your views? Do you think that Ben Bernanke has good reasons to stay neutral for now? Has the Fed been doing a good job? I cannot imagine them hiking rates before the elections are over.Besides, rate hikes only work where there is demand-pull inflation. But America's current stagflation - her fourth since the 70s- is of cost-push nature. Central banks can neither command morerainfall, nor can they tell OPEC to behave, nor can they tell Nigerianoil...
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