We hear that there is no inflation that is showing up in the U.S. But, the same folkes up in D.C. seems to beleive that a recovery is on the way. Just yesterday, Tim Geithner said that we are on the “verge” or job creation. Which is it?
If the recovery is weak, there is a serious chance that a double-dip will present itself without additional stimulus as that is what has been the fuel that is driving all parts of the recovery (including China’s stimulus and material hoarding/stockpiling)
From the below charts and tables, it appears that growth is slowing and inflation is gaining… What am I missing? (Or what are they missing?)