April 28, 2011

NONE DARE CALL IT Stagflation. “It’s as if we have taken a long round-trip back to 1979.” Ha. In your dreams, buddy. It’s much worse than that.

Related: Crappy Days Are Here Again. Also, The 44th President and his Multiple Catch-22s.

Plus: Walmart CEO: Our Consumers Are Running Out Of Money. “Wal-Mart’s core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.”

Yeah, I’m hearing that too.