Thursday, June 14, 2007

Economic news of the day.



While food prices in the US have gone up - our troubles don't compare to those of Zimbabwe's... From the BBC:


Zimbabwe's inflation is already 3,714% - the highest rate in the world.

[...]

Shops were doubling their prices twice a month, so they could purchase replacement goods.

If this continues, "doubling the current inflation for each of the seven remaining months of 2007 gives 512,000% thus the economic collapse is expected before the end of 2007," said the report, according to the AP news agency.

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