19 May 2006 Will Inflation Spoil the Party?
Posted at 12:23h in The Friday BriefLast week we discussed the abundance of global economic growth and how, so far, it had not been accompanied by excessive inflation. Even in the face of commodity prices rising straight up, record oil prices, rising wages, and tight supplies in almost all raw material category. The pressure relief valve is productivity. It has been rising steadily all over the world, keeping a lid on inflation.