America Can’t Escape China’s Inflation

Published: Monday, 13 Jun 2011 | 7:44 PM ET Text Size By: Shaun Rein, CNBC Contributor
Founder & Managing Director, China Market Research Group


Federal Reserve chief Ben Bernanke is not worried about inflation in America, but investors should be concerned about the threat of something far more ominous - stagflation, when inflation soars but economic growth stagnates.

Despite record profits on Wall Street, the danger of a double dip recession hitting America remains real as unemployment hovers above 9 percent. Although inflation has not come to America’s shores yet, it might soon because of raging inflation in its second largest trading partner, China, which is causing companies to increase the prices of goods shipped to America.

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