Word: inflationitis
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Adjusted for inflation, that figure falls short of the average amount raised this decade. The University’s highest-ever total of $651 million ($792 million in today’s dollars) came at the end of its last capital campaign in fiscal year 2001.
Typically, investors buy gold when they are nervous about the state of the economy. But the latest price run started in earnest in April, just as the fears of the financial crisis were easing. Demand for gold has been rising. And inflation, despite the mounting economic recovery, looks to remain...
Still, there are some who believe the jump in bullion is an early warning sign that the U.S. government's efforts to quell the recession will backfire. The fear is that the trillions of dollars the government is spending to safeguard the financial sector and boost the economy could result...
But unlike in the past, there is very little evidence to suggest that the recent jump in gold has anything to do with inflation. Gold prices started increasing around the time the government released results of the bank stress tests, which indicated that many of the nation's top banks...
And there are few signs that inflation will be rising anytime soon. The Consumer Price Index fell 0.2% in July and was down about 2% this past year. That's not inflation; that's the opposite. And while the economy seems to be recovering, it is still slow going. Unemployment...