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Latest Hyperinflation Stories

2009-03-12 11:35:00

FORT LEE, N.J., March 12 /PRNewswire-USNewswire/ -- The National Inflation Association today released the following statement to its http://inflation.us members: "The United States today is in a short-term deflationary phase caused by forced liquidations, de-leveraging, going out of business sales, and other temporary factors. It is our belief that the monetary policies of the Federal Reserve and United States Treasury will soon put an end to this deflationary phase, and we will see massive...

2009-01-23 13:53:30

Zimbabwe's central bank said the country should adopt the South African rand to use in conjunction with the near-valueless Zimbabwe dollar, reports said. Reports of the bank's admission that the Zimbabwean dollar has collapsed come from those who have seen a 105-page recovery plan believed to be the work of Reserve Bank Gov. Gideon Gono, SW Radio reported Friday. Movement for Democratic Change Shadow Secretary for Finance and Economics Tapiwa Mashakada said the move would create a...

2008-08-20 06:00:21

By Barbara Hagenbaugh WASHINGTON -- Inflation will likely ease in coming months, but prices are expected to stay elevated, keeping pressure on consumers, businesses and the Federal Reserve. Wholesale prices rose 9.8% in the 12 months ended in July, the fastest annual pace in 27 years, the government said Tuesday. The report showed inflation was spreading into a wide range of goods outside of just energy and food. The news helped push stock prices lower. The Dow Jones industrial...

2008-08-15 09:00:31

By Stephen Foley inflation in the United States soared to a 17-year high last month, dealing a blow to hopes that falling commodities prices will quickly take pressure off the American consumer. The rising cost of airline tickets, clothing and even tobacco compounded a high year-on-year increase in petrol and food prices, taking the annual inflation rate to 5.6 per cent, the highest since January 1991 and suggesting that inflation could be taking root in the economy. The month-on-month...

2008-08-04 00:00:17

By John Browne As a select group of Americans continues to prepare for this week's Beijing Olympics, other Americans continue to worry about their dwindling portfolios. They are looking at gold as an alternative investment to the volatile stock and bond markets. Both athletes and the investors are "going for gold." The athletes will follow clear Olympic rules of competition. Investors, on the other hand, will go for gold in a market where governments "influence" the rules of the free...

2005-09-09 08:06:05

WASHINGTON (Reuters) - Soaring petroleum costs pushed U.S. import prices up sharply in August, government data showed on Friday, but other import prices remained very subdued in good news for the Federal Reserve as it monitors inflation. Economists are also scrutinizing data for evidence of how Hurricane Katrina has hurt U.S. growth. But the Labor Department said the August survey was conducted before the storm struck and therefore was not affected. The Labor Department said U.S....


Word of the Day
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'