Monday, January 3, 2011

Pakistan's Inflation

I'm not claiming to know enough about how Pakistan's economy is linked to the rest of the global economy to say what it's inflation problem means for the US, but it apparently has an inflation problem. According to the Associated Press:

The Muttahida Quami Movement, the second largest party in the ruling coalition, said Sunday it would join the opposition because of fuel price hikes, inflation and the Ruling Pakistan People's Party's general poor performance.

Charles Goyette, conservative libertarian noted for his strong anti-war views, has a New York Times best-selling book out now called The Dollar Meltdown. In an interview last week he said that by Spring 2011 we can expect to see TV news crews standing outside of grocery stores doing the story on how much less your dollar can buy.

Not sure I trust the timing of his prediction, but it does prompt me to get going on locking down a loan for some home improvement work I'm planning... one without an adjustable rate.


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