Soaring PPI Coupled with Plunging Housing Starts Spotlights Struggling U.S. Economy
August 20, 2008 at 11:44 AM EDT
U.S. companies were hit with the largest annual jump in wholesale prices in 27 years during July, while housing starts dropped to their lowest level in 17 years, the latest indicators that ruinous stagflation is tightening its grip on the…