High inflation, jobless growth

Just as independent thinkers like my friend Dick have been predicting (thanks to him again for submitting this article), the exploding monetary base would cause producer prices to rise, and eventually hit consumers in the wallet (call this the multiplier effect due to an increasing money supply). Merge that with a jobless "recovery", and you have a lethal combination of stagnant growth and inflation, or "stagflation", a term coined during the disastrous economy in the 1970's.

http://www.cnbc.com/id/35457298

Notice the last paragraph in the CNBC article:

In the claims report, the four-week moving average of new claims, which irons out week-to-week volatility, fell 1,500 to 467,500, the Labor Department said. The number of people still receiving for benefits after an initial week of aid was unchanged at 4.56 million in the week ended Feb. 6.

This measure has held below the 5 million mark for eight straight weeks and analysts believe it is starting to reflect an improvement in the labor market rather than people merely dropping off rolls because they have exhausted their benefits.

That last bit of editorial inserted by CNBC, a financial media outlet, sure looks like political spin based on no facts. Which "analysts" have come to this inane conclusion? It's not included in any of the other news releases that I've seen. As always, the devil is in the details of a press release, or footnotes in a financial statement and SEC filing.