Bear Stearns may be worth More after all, stocks surge

Bear Stearns stock may be worth more after all. JPMorgan ups its bid for Bear stock to $10 per share. The net effect on the stock market has been a nearly 200 point rally in the stock market. So my question is are we in a recession or an inflationary period or can you have both. The experts say that we are in a recession yet interest rates keeps rising. I don't get it. Can anyone shed some light on this?

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