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Bears smelling recession...Data says inflation...Welcome back to Stagflation?

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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 04:35 PM
Original message
Bears smelling recession...Data says inflation...Welcome back to Stagflation?
Stocks Sink on Inflation News

50 minutes ago - Standard & Poor's Market Commentary

Stocks were broadly lower Friday afternoon in slow trading. Data showing a large amount of inflation, along with surprising growth in the industrial sector, were making life difficult for the Federal Reserve and investors heading into the holidays, says S&P MarketScope.

Shares of financial giant Citigroup (C) fell on news that the company is bailing out seven affiliated investment entities known as structured investment vehicles (SIVs), and on a Moody's Investors Service downgrade of Citi's debt rating.

Late in Friday's trading session, the Dow Jones industrial average was off 150.47 points, or 1.11%, to 13,367.49. The broader S&P 500 ...

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Wow,remember the 1970's?

No one could figure out if the economy was coming or going and no one including the Federal Reserve could figure out what to do...

Polyester leisure suits and Disco were born out of that confusion...

My advice? Start a fund to buy a natural fiber suit and get one while they are still available.

This is critical! If the inflation or the new replacement for Disco kills you, you don't want to spend eternity laid out in polyester.






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CTyankee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 05:14 PM
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1. If it puts the Republicans out of office for a long time, bring it on!
Actually, I really liked Disco. I just loved the BeeGees.

BTW, did you see John Travolta on GMA today? They showed clips from Saturday Night Fever. My god, what a dancer he was!
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pscot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 07:25 PM
Response to Reply #1
2. unfortunately it ushered in
the Reagan era.
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HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 07:26 PM
Response to Reply #1
3. I threw eggs at the BeeGees...
:hide:
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CTyankee Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 07:29 PM
Response to Reply #3
4. Oh, no! They were so cool!
I know this sounds strange but my musical taste, apart from the BeeGees is all classical music and opera. Maybe it is the opera part that makes the BeeGees so appealing to me. A bit of theatricality, perhaps.

Why did you throw eggs at the BeeGees?
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HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-14-07 07:37 PM
Response to Reply #4
5. I was a rocker with all the trappings back in the 70's...
:headbang: Hated disco.
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