Posts Tagged ‘Zimbabwe’

Will The Deflation Story Skip Africa?

Sure, Zimbabwe’s inflation has recently been estimated at 89.7 sextillion (that’s a one with 21 zeroes after it) percent, but given plummeting commodities and the global recession, surely inflation is going to turn the corner in the rest of Africa. After all, yours truly recently pointed out that deflation, rather than inflation, may now be… [Read more]

North Korea: The Limits Of Economic And Human Endurance

Today marks the 14th anniversary of the death of North Korea’s late ‘Great Leader’, Kim Il Sung, who ruled for almost 50 years. What is most remarkable is that his son and chosen successor, Kim Jong Il, still leads the country, and for that matter, the country still exists. When Kim Sr died, most people… [Read more]


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