High and rising energy costs are compounding a deceleration

June 30th, 2008|by Michael Ashley Schulman, Perspectives, The Big Picture|

High and rising energy costs are compounding a deceleration in the global industrialized economy which has already been weakened by the subprime mortgage fallout. The energy crunch has further stoked inflation concerns, which have added to selling pressure in the global bond market (since inflation erodes the value of bonds). The U.S. economy is in […]