Monday, December 8, 2008

Tainted Lunch Meat : could be worse

Inflation has been high this year, 5.6% in July and consistently above 4% most of the year, but it could be worse. Let's take a look at Zimbabwe. That country just issued $200,000,000 notes right on the heels of the $100,000,000 notes. A loaf of bread could cost you $35,000,000 in Zimbabwe. Of course $500,000 Zimbabwe is only worth about a quarter here, as in 25 cents. Their inflation rate, the highest in the world, is running at 231 million percent. Here's the full story on CNN.

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