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June 12, 2009
We Can Have Inflation And High Unemployment
Peter Schiff`s market update, June 2009.
Topics: downtrend in the US dollar; uptrend in oil; rising 10 year yields that doubled from their 2% lows; commodities are moving higher not because of economic strength but because of inflation; inflation is a monetary phenomenon and not a function of capacity; you can get inflation and unemployment;