Look at the prices of goods. The price goes up even though the business condition is poor.
Usually, when business is bad, business man will reduce price. But this time, they can not even have this option!!! I guess this is due to the OIL,yes, OIL price and the unstability of Middle east Oil Supply.
What to do?? Now, US is going to raise insterest rate liao!!!
Dun need to think so hard! Relax la!
Stagflation refers to a situation in which high inflation is accomapnied by low growth, a double whammy. Not too likely to happen, but indeed a cause of concern.