“Global trade rose at its fastest rate in more than five years in July,” The Financial Times reports, “suggesting the economic recovery is feeding through into commerce.”
September 30th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "Paul Volcker"
Bank’s Inflation Projections Will Not Return to the 2 Per Cent Target Figure Until Early 2010
Those who experienced the 1970s were taught a painful lesson about the negative effects of inflation. In standard monetary theory some emphasis is given to the initial phases of inflation in which an increasing money supply funds economic expansion and tends to cause booms, bubbles and speculation. Less attention is usually given to the second stage of inflation in which prices rise…
May 16th, 2008 | William Rees-Mogg | 1 comment | Continued