Wednesday, May 27, 2009

Hyperinflation

WHEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE

May 27 (Bloomberg) -- The U.S. economy will enter “hyperinflation” approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said.

Prices may increase at rates “close to” Zimbabwe’s gains, Faber said in an interview with Bloomberg Television in Hong Kong. Zimbabwe’s inflation rate reached 231 million percent in July, the last annual rate published by the statistics office.


I don't think this is even approaching a legitimate concern, just passing it on for fun.