Concern About the US Economy

Rising prices, reduced purchasing power, and unemployment

By Heide B. Malhotra
Epoch Times Staff

It’s midyear 2011, and experts have begun to worry that the United States might not be able to overcome stagflation, which in the long run could lead to deflation.

“With inflation rising and GDP forecasts continuing to be revised downward, fears of stagflation have crept back into the economy, with the economy hovering in a dangerous position between two possible outcomes: recovery or crash,” said Anthony B. Sanders, professor at George Mason University, in a commentary on the Mercatus Center website.

Full story:
http://www.theepochtimes.com/n2/business/concern-about-the-us-economy-58710.html