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A check for Z$1.072 quadrillion, drawn on the MBCA bank in Zimbabwe, has just crossed my path. The sad truth of hyperinflation is that this astronomical number equates to only a tiny amount of US dollars. [...] More on this topic (What's this?) Pros & Cons Of Online Banking (Green World Investor, 5/8/12) Dear Bankers: Why We Must Choose Beauty & Life Over Misery & Destruction (the Underground Investor, 4/5/12) Friday Charts: Bank Failures, Facebook and the Scariest Jobs Chart Ever (Wall Street Daily, 5/11/12)
There is nothing like a good dose of humor to cheer one up from the otherwise depressing economic situation. The honors go to Norgate Investor Services who compiled the amusing Devil’s Dictionary for Financial Markets, the A to Z of satirical investment definitions. [...]
By Cees Bruggemans Most of our economic forecasts now look suspiciously priced for perfection, reflecting a bet that inflation will plunge and interest rates will come off. But will these two indicators perform as billed? CPIX inflation is supposed to plunge from its imminent 13.5% 3Q 2008 peak, [...] More on this topic (What's this?) Two Measures of Inflation: New Update (Phil’s Stock World, 11/30/12) The U.S. Lies About Inflation: Here's The Inflation Secret The Government Doesn't Want You to Know (Money Morning, 4/13/12) Best Assets to Own During Inflation (Learn Mining News, 2/17/12) | |||||||||||||||||||||||||
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