It was on;y six months ago that Zimbabwe came out with a a href=”http://stockerblog.blogspot.com/2008/08/zimbabwe-inflation-breaks-above.html”$100 billion bill/a. It finally happened; inflation in Zimbabwe is so bad, that the country finally issued a a href=”http://news.yahoo.com/s/afp/20090116/ts_afp/zimbabweeconomycurrency_20090116125326″ target=”_blank”$100 trillion bill/a – that’s 100,000,000,000,000 Zimbabwe dollars. This is happening because the government in July reported that they are experiencing inflation of 231 million percent – that’s 231,000,000%. Yet the Libertarian think tank, the Cato Institute, believes that the real inflation rate is 89.7 sextillion percent – that’s 89,700,000,000,000,000,000,000%. br /br /By the way, that 100,000,000,000,000 Zimbabwe Dollar Bill is equal to about $300. And to think that just last April, the country had a href=”http://stockerblog.blogspot.com/2008/04/100000-inflation-rate-election-dispute.html”inflation of ‘only’ 100,000%/a.div class=”blogger-post-footer”div class=’adsense’ style=’text-align:center; padding: 0px 3px 0.5em 3px;’
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Last 5 posts by Fred Fuld

• What Stock Goes Up When the Market Drops, and Also Pays a Dividend - February 8th, 2010
• Guest Article: Despite Strong GDP Growth Energy Prices Sink Lower - February 4th, 2010
• Fidelity Offering Commission Free ETF Trading and $7.95 Stock Trading - February 2nd, 2010
• Many Ways to Invest in Berkshire Hathaway - November 28th, 2009
• Ken Fisher Interview - Part 4 – Female Scam Artists and Selling the Scam – Stockerblog Exclusive - October 21st, 2009