Friday, January 25, 2008

Inflation Monster Gobbling Consumer Pocketbooks Worldwide!



The CFR admits there is a problem now! "Worldwide, central banks face tightened credit and tumbling markets, but many remain just as concerned about sudden jumps in consumer prices. Australia announced January 23 that inflation has reached levels not seen in sixteen years (FT). The Aussies are hardly alone. Even ignoring statistical outliers --"

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