Corporations Are Begging: We Need More Inflation!
From Testosterone Pit
January 25, 2013 - 8:10pm
Hasbro, second largest toymaker in the US, confessed it would miss revenue estimates. Christmas wasn’t kind. Despite “double digit growth” in emerging markets, revenues fell by 2% for 2012 and by 3.8% for the quarter. Other corporations are in a similar predicament. But substantive inflation would have covered it up—not that the Fed hasn't been trying.Continue reading this article »