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Economy |
Japan: Bubble prophet fears new disaster |
2010-03-20 |
Posted by:tipper |
#6 Phew, thanks for the clarification, Phil. You had me worried there for a minute. |
Posted by: kcs 2010-03-20 16:59 |
#5 Got my math wrong there, On that basis (5p is nominally worth about a hundred times more than a farthing), Your Big Mac will go for about $250 and your gallon of gas for about $400. |
Posted by: phil_b 2010-03-20 14:32 |
#4 I'm old enough to remember when farthings were in general circulation in the UK. A farthing was a 1/4 of an old penny. I believe the current smallest denomination coin in the UK is 1 new pence. Although in practice 5 pence is the smallest denomination in general use. On that basis (5p is nominally worth about a hundred times more than a farthing), Your Big Mac will go for about $500 and your gallon of gas for about $1,000. How quickly we forget the effects of inflation. |
Posted by: phil_b 2010-03-20 14:20 |
#3 Gromky, that also means $20.00/Gallon Gas regular only. premium, don't ask. |
Posted by: Redneck Jim 2010-03-20 13:28 |
#2 Yay for $15 big macs. |
Posted by: gromky 2010-03-20 05:32 |
#1 Japan is likely to be devastated by a snowballing public debt that will bankrupt its government and trigger catastrophic hyperinflation. Some economists can see beyond the current deflation and realize the only way out of the sovereign debt 'crisis' is hyperinflation. No other outcome is possible I'm afraid. |
Posted by: phil_b 2010-03-20 04:36 |