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- 12 September 2004
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Given the US solution to their current financial problems echo that of 1930s Germany (yeehar, print more cash woohoo!), we will have worldwide inflation (not just loacl pressures) to contend with."If the labour market tightens too rapidly, this can lead to a wages breakout and higher inflation," NAB Capital chief economist Rob Henderson explained.
I'd trust Henderson over the ex-AMP guy Shane Oliver anyday.