Word: inflationitis
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Some of the problems China now faces are a result of economic policies that are finally kicking in at an inopportune time. Concerned earlier this year about spiking inflation and a blistering yearly growth rate of 11% or more, China's economic czars set out to cool things down. They...
For starters, prices are being slashed on everything. And if the current malaise drags on, it will take a major bite out of inflation - one that could literally offset the decline in your portfolio. "The real enemy of retirement is inflation," notes Fisher. He points to this model: Say you...
In Europe after World War II, for example, unfettered capitalism was practically a dirty phrase. One historian said those who believed in free enterprise were "a defeated party." With memories of the massive unemployment of the Great Depression still fresh, and the need to rebuild from the devastating war all...
The ability of the government to engineer major changes in the economy is particularly important today, considering many of the problems China faces were directly created by Beijing. Deeply concerned about an economy growing at a blistering 11% or more per year and a spiking inflation rate, the state set...
So it seems doubtful that Chávez, whose second and final six-year term ends in 2012, emerged with sufficient palanca, or leverage, to again seek a constitutional amendment that would allow him to be re-elected indefinitely, without risking a dangerous national uproar. Critics see his effort to...