Why A Dose Of Inflation Is Good For You

Something's wrong with this picture. Corporate profits are up; companies are spending again. More than a million jobs have been created since August, and economic growth should exceed 4% the rest of the year. The recovery bodes well for wages and job creation, even, at long last, for conservative savers who have been unable to find money-market yields much above 1% for several years. This is the good news we have all been waiting for. Yet Wall Street has been acting as if something were terribly wrong. Long-term interest rates are notching higher, a clear sign that some perceive the investment...

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