According to a Morgan Stanley report, 50 of the 190 or so countries in the world now have inflation running at double-digit rates, including most emerging markets (meaning, about half the world's population is already experiencing double-digit price increases). We are facing synchronized rise in inflation speeding up the dark side of globalization around the world faster than we thought.
Useful links:
www.morganstanley.com
www.ecb.int
www.adb.org
www.conference-board.org
www.cibcwm.com
Inflation is going to make the world rounder.
- Jeff Rubin, Chief economist, CIBC World Markets
I think we are entering a more volatile and uncertain period full of nasty surprises. The easy-money days are gone.
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