Tuesday 19 July 2011

Inflation

Some think that inflation is already out of control, god forbid.

I went thru 20+ % mortgage rates not too many years ago and it wasn't fun !!!

So what have the "currency trader" and his mates been doing while this crisis has been evolving: raising GST. Thanks mate, yeah right !

An uncompetitive dollar and spiraling inflation in almost every cost except labour - the perfect storm  ?

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