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Universality of Higher Inflation
July 29, 2008
In the year since the financial market crisis surfaced, on-year rates of inflation have changed more drastically than on-year rates of GDP growth. The United States, Euroland, Japan, Australia and Sweden have experienced similar advances in inflation ranging between 2.1 percentage points and 2.4 ppts. British inflation accelerated by 1.4 percentage points. Canadian inflation increased […] More
New Overnight Developments Abroad - Daily Update
New Developments Abroad: Stocks Take Another Tumble
July 29, 2008
Equities fell in Asia and Europe. Japan -1.5%. China -1.9%. Taiwan -3.0%. India -3.9%. Korea -2.0%. Thailand -1.3%. Hong Kong -1.9%. Germany -1.2%. France -1.5%. Britain -0.5%. Australian -1.5%. The dollar firmed 0.3% against the pound, 0.2% relative to the yen and 0.1% versus the euro, C-dollar and Swissy. Largest rise (0.6%) posted against the […] More
