Thursday, November 8, 2007

5% Inflation at Christmas?

Continuing our tour of the WSJ's blog empire, these two headlines will get your attention.
The above is from Real Time Economics:

If crude oil prices stay at current levels, U.S. consumer price inflation could hit a 16-year high of 5% by the end of the year, an analysis by London-based Capital Economics has concluded.

Such an inflation rate would exceed the most recent high of 4.7% set in September, 2005, as gasoline prices shot higher in the wake of Katrina-caused refinery disruptions....MORE

The most viewed post today, back to DealJournal, is way scary:
$500 Billion: The Mother of All Write-Down Estimates