Inflation looks to be cooling in the U.S. and the rest of the developed world, but it's still a big concern for emerging markets, according to the International Monetary Fund (IMF). Full Story »
Posted by Elizabeth Stitt
What's missing in this story is the meaning behind the inflation factors in the different regions of the planet, and the implications for the long term global stability. If this story means what I think it means, the situation is far more serious than the lackluster presentation implies. The undefined "second round effect" is an understatement if it means the first domino falling in a global spiral of inflation and scarcity.
If this story means what I think it means, the situation is far more serious than the lackluster presentation implies. As the oil market fluctuates wildly, we can tighten up and cope. As the food supply fails, we're all in trouble.