Posted on 09/13/2010 7:49:03 PM PDT by neverdem
Yes. Beranke has flooded the market with currency which should have produced hyperinflation already.
Why hasn’t it?
Because our banks are sitting on the cash. And regulators are hesitant to let them lend.
Once they start lending AND FLOOD THE MARKET WITH MONEY, that is where hyperinflation keeps in.
wow — your wife looks gorgeous. and congratulations on learning Portuguese!
Those countries were not rated because they have no measurable economies. The way Venezuela is headed it may soon join their ranks.
Why hasnt it?
Loan defaults have a very deflationary effect. Japan has been in a low interest rate, loose money, deflationary environment for twenty years now.
Show me a historical period like ours or Japan's that led to hyperinflation.
I have more concern that the Fed will raise rates too quickly once growth resumes.
Venezuela goes to the polls on Sept. 26... Chavez may be taking on more authoritarian powers, but he also has to defend what the latest data show is the worst economy in the world... gross domestic product in Venezuela will decline by 5.5 percent in 2010. Next worst is Greece, with a 3.9 percent decline... [Venezuela's] GDP will fall by 6.2 percent in 2010... When it comes to inflation, no one is close to Venezuela. Consumer prices are already up 31 percent for 2010 and are expected to rise more by year-end. Only two [other nations] suffering double-digit inflation: India and Egypt, both with 11 percent price increases... as the No. 8 oil-producing nation in the world, the country should be benefiting handsomely...
Read on Twitter a few moments ago that between 60 & 70 MP’s were elected to the opposition. Sounds like good numbers against Chavez.
I suppose the reason they have delayed official results in the election is that they are trying to concot the lie Chavez will tell.
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