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Inflation Grabs Headlines

July 1, 2008 1:18 PM

In recent months inflation has overtaken the credit crunch as the central business news story, and with good reason, according to Larry Kantor, head of research for Barclays Capital. He explains, "Inflation is broad-based. It's across all kinds of commodities. It's going to have major implications for policy. It's going to have major implications for financial markets." According to Kantor, "The story is that high commodity prices are here to stay."

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