The real concern here is 'stagflation' possibilities as slowing economic growth combines with higher inflation.
More Quotes from Tim Biggam:
Any new application or use for Apple's digital music technology , people come screaming in, ... This will be a classic case of 'buy the rumor, sell the news.'Tim Biggam
The Intel revenue warning provided further evidence of slowing growth in corporate earnings. Given that the market has already priced in this slow growth. downside from here should be pretty well muted for U.S. equities.
Tim Biggam
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