Inflation Could Lead to Financial Tsunami


	Inflation Could Lead to Financial Tsunami

blueridge

6-25-2008 3:13 AM

129 views

tags:

economy

blueridge says:

Less disposable income to pay debts. Oil is leading this by effecting all consumer goods, not just gas.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color:#e5e5e5;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/6d5ab4aa-5a68-4ab1-a8e9-87601f192591/A670B1F9-07DA-4314-B5F7-2F4D087A26FA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=a8j2MuFdqA3s&refer=worldwide" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a8j2MuFdqA3s&refer=worldwide" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a8j2MuFdqA3s&refer=worldwide"><SPAN class="news_story_title">Faster Inflation May Unleash `Financial Tsunami': Chart of Day </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a8j2MuFdqA3s&refer=worldwide"><P>     June 24 (Bloomberg) -- Rising consumer prices will leave
more U.S. consumers unable to pay their debts and may lead to a
``financial tsunami,'' according to <A href="http://search.bloomberg.com/search?q=Bennet+Sedacca&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Bennet Sedacca</A>, president of
money manager Atlantic Advisors LLC in Winter Park, Florida.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=a8j2MuFdqA3s&refer=worldwide">A
battered, over-indebted consumer, if forced to retrench, could
create even more problems for the banking system as loan
delinquencies would begin to rise even further. All sorts of
delinquencies are rising. This is now a systemic issue.''</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A670B1F9-07DA-4314-B5F7-2F4D087A26FA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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