“The Zimbabwe ZSE industrials are up 4,500% since December 2006,” reported Free Market Investor’s Christopher Hancock. “And it's made that movement despite carrying the world's greatest inflation rate.”
Consumer prices in Zimbabwe rose 55% last month alone, according to the Financial Times. Zimbabwe and Argentina may be the only two governments printing money faster than the U.S.
“The year-on-year inflation rate is 4,350%, so the index is keeping up with inflation,” said Mr. Hancock. “But all bubbles come to an end... and when this one does, the domestic devastation that will ensue at the hands of Robert Mugabe will take years to heal.”
Consumer prices in Zimbabwe rose 55% last month alone, according to the Financial Times. Zimbabwe and Argentina may be the only two governments printing money faster than the U.S.
“The year-on-year inflation rate is 4,350%, so the index is keeping up with inflation,” said Mr. Hancock. “But all bubbles come to an end... and when this one does, the domestic devastation that will ensue at the hands of Robert Mugabe will take years to heal.”
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