The Most Likely Scenario For The World Is Stagflation

Tue, 5 May 2009

Andy Xie, former chief economist for Morgan Stanley in Asia, speaks with Martin Soong of Squawk Box about the consequences of massive money pumping by the Federal Reserve and central banks of other major economies.

"We're seeing signs of inflation... I think next year, central banks will be forced into raising rates, even though the [global] economies will still be sluggish. But they will raise interest rates slowly, because they're terrified of pushing down the economies, so we will be stuck with inflation for a few more years. The most likely scenario for the world over the next few years is stagflation", warns the renowned economist.

Category:

News & Politics

Tags:

• stagflation
• inflation
• stagnation
• deflation
• depression
• recession
• economy
• financial
• GDP
• CPI
• economics
• gold
• silver
• oil
• dollar
• Federal
• Reserve
• Andy
• Xie

[JustinGeCHI]

谢大叔

[herbs814]

Fundamentals do not improve from Keynesian stimulus. Stimulus is illusory. Stimulus only creates more debt.

[zxcvbn1144]

谢国忠的英语不错嘛