Recipe for Disaster

Published January 16, 2008 3:28pm ET



In depressing financial news, inflation is the worst it’s been in 17 years. And yet the Fed still seems likely to cut rates, Congress contemplates raising fuel prices even more with a gas tax, and the Bush administration seems content to watch the dollar plunge to new lows. Watch for the price of old “WIN” (that’s “Whip Inflation Now!”) buttons to skyrocket on EBay. We’re in for a bumpy ride.

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