Word: inflationitis
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After that, the two worst quarters for GDP growth since the BEA began keeping track of quarterly numbers in 1947 have been -7.8%, in the second quarter of 1980, and -10.4%, in the first quarter of 1958. But those were both temporary setbacks engineered by the Federal Reserve to crack...
Vice President Biden attempted to define middle-class Americans as people who would find it difficult to miss more than two paychecks, and he wasn't far off; with wage increases failing to keep pace with inflation, about 21% of middle-class Americans have spent themselves to the limit. Personal...
These men would have once spent their days barking out orders for shares on the trading floor (actually a U-shaped conference table in a nondescript downtown office) of the Harare bourse, but Zimbabwe's central bank forced the exchange to shut down last November amid allegations of fraud and...
Gono insists that he "had hardly printed money, yet the growth in the money supply was phenomenal," blaming stockbrokers for generating inflation. He went on to describe a covert mission last November in which he used secret agents to buy stocks that he then demanded be converted into cash. When...
When Harvard College raises its tuition, it is usually to stay on pace with the inflation rate. But while the inflation rate for this past year is only 0.1 percent, and fear of deflation looms, Harvard is raising its tuition by 3.5 percent, responding to greater demand for financial aid...