Word: inflationitis
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Over the past two decades, much of the world profited from peace, low inflation, and the bringing of billions of people (mostly the emerging middle classes in India, China, and Brazil) into the economic fold. Much of the world also suffered: Globalization has not always encouraged confidence and enhanced security...
Since the financial crisis hit Russia late last summer, more than 1.5 million Russians have lost their jobs and the ruble has lost a third of its value. On Friday the State Statistics Service reported that the annualized inflation rate had jumped to 13.9 percent - a four month high. The...
But circuses know that the show must go on, and they're already taking action. On March 3, Clay testified before the House of Commons' Home Affairs Select Committee about the need to bring embassy workers up to speed on the rules and to rework technicalities. Recently, Clay says, dancers...
But, after that intersection of praising the American spirit, Obama and Buffett part ways violently when it comes to the economy. The investor's view is plainly stated: "We're certain, for example, that the economy will be in shambles throughout 2009 - and, for that matter, probably well beyond - but...
Frightening financial headlines quickly overwhelmed what little good economic news there was, such as an unexpected rise in U.S. personal income. A quick look revealed that it was largely driven by transfer payments, such as Social Security inflation adjustments and an extension of unemployment benefits, not the kind of capitalist...