Word: inflationitis
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Yet Schiff, 46, is not just some opinionated boor. He possesses a self-awareness that renders him a bit less obnoxious than I've described, and he happens to have done a better job than just about anyone else of forecasting in 2006 and early 2007 what was about to...
A Commencement Choose Your Own Adventure!Good afternoon, ______ (members of the Harvard Class of 2037, Mrs. Edison’s fifth grade class, members of the Parole Board). It is my honor to be here with you at ____ (Class Day, your anti-drug program graduation, my hearing). Presumably your selection...
After the meeting, Finance Minister Kudrin said the government was drafting a new GDP forecast of its own that would "take into account all anti-crisis measures, which means the plunge will be greater" than previous estimates. He added that he expects inflation of around 13% this year.
Most of the criticism, however, seems to indicate an underlying lack of confidence and trust in the government. There are many who remember the first Sandinista government's inventive monetary policies and the resulting mega-inflation of the 1980s. As a result, some people are now treating the new plastic...
It is one thing to suffer through a recession when commodities prices are fairly low. It is another circumstance entirely when there is inflation of the core prices of essentials such as oil and gas.