Thursday, May 28, 2009

U.S. Inflation to Approach Zimbabwe Level


U.S. Inflation to Approach Zimbabwe Level,
"The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said......
“The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”"

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