Word: inflationitis
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Rampant corruption, terrorist attacks and rising inflation were once the recurring nightmares of Peru. President Alan Garcia knows that well enough. His first administration, from 1985 to 1990, was pummelled by those problems. But, since taking office for a second time in July 2006, he appeared to be have successfully...
The problems today are not quite what they used to be: then inflation was 2.1 million percent, thousands of people were killed in terrorist violence and corruption scandals tarnished Garcia and many of his closest advisors. But this time, they seem to be hitting all at once and have forced...
Some union leaders say the problems are actually self-made and have little to do with the financial crisis. They say company managers misjudged the market and want wage hikes above the rate of inflation in Germany to give families enough money to buy cars and other products and so...
Lastly, the G-20 central banks need to unveil another coordinated rate cut to increase liquidity. The European Central Bank, for instance, has been resistant to cuts because it focuses on inflation. Nouriel Roubini, an economics professor at New York University and one of the few who predicted the extent...
According to Lu, China's .27 basis-point cut signals that the country is now less concerned with fighting domestic inflation than in joining the rest of the world in battling a global slowdown. In a report released today, the International Monetary Fund warned that the world economy has entered...