mercredi 16 avril 2008

Inflation, inflation, inflation !

It has taken some time, but now talks of inflation are all the rage.
A few days ago, it was about it was about food prices in developing countries, but now it's in the statistics of developed countries.

And most of all it has found its way in many mainstream publications.

I even read an article in Le Monde that explained how it was not so bad, because it encourages spending.

There are also new plans to encourage people to borrow and buy houses.

It looks a little bit like desperation.

The greatest fear is the economic slowdown and a recession.

Do they feel that a recession now would be particularly disastrous ?

But postponing it is not going to change anything.
It only makes the whole affair more unfair : bailing out Wall Street and irresponsible consumers and borrowers. That's not a very moral proposition.

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