Stagflation Sweeps Canada, Threatens US

STAFF NEWS & ANALYSIS

Stagflation Sweeps Canada, Threatens US

By Daily Bell Staff – February 22, 2016

Retail sales in Canada fell 2.2% in December from November on a seasonally adjusted basis, but not adjusted for inflation, to C$43.2 billion … But just because retail demand is crummy doesn’t mean that retail prices can’t power higher. Stagflation comes to mind. Now happening before our very eyes. And forget deflation, however much central bankers bandy the term about like a cudgel to justify their monetary policies. -WolfeStreet

Central bankers are always warning about deflation when the real danger for consumers is inflation, and more specifically stagflation – a combination of price inflation and low growth or no growth.

We’ve long argued that stagflation is the reality of the US economy right now, even though no one reports on it.

Shadowstats, which provides government statistics without government censorship…

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