For those who think that inflation is well-contained please see my earlier post on the linguistic challenges surrounding such words. You may also want to check out the latest from the UN, which suggests that schminflation is causing food to become so expensive that it can't afford to feed the World any more:
UN warns it cannot afford to feed the world
Silly UN, they should have been long CROX with their funds instead of buying corn...but I guess feeding the world means that you have to buy food instead of stocks. I'd imagine the same is probably true for most of us.
Monday, July 16, 2007
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