Russian Food Price Inflation Reaches Up to 150%. – H.L.
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Rickards: Brace For Financial Storm 6x Larger Than 2008 – A.M.
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Items from Mr. Econocobas:
Switzerland Wins As Its Central Bank Surrenders
Video: Peter Schiff :: Inflation Deterring Economic Growth
The Euro Crashes To 12 Year Lows And Now The US Commerce Secretary Starts To Grumble About A Strong Dollar – Keep in mind the only way to win a currency war is to not fight and surrender, but don’t be mistaken the U.S. will likely join the war in full force again soon, in a race to the bottom.
Why Falling Prices Are Actually a Really Bad Thing – This is utter NONSENSE and goes to show how basic economic common sense isn’t so common any more. The only true statement is #5, but it cuts both ways, inflation kills savers. So what do you want to reward, saving and producing OR borrowing and consuming? Again complete nonsense from the financial media.