Article

2008-10-07 Arabia

Credit crunch hitting Saudi Arabia, inflation more that 10%

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by trailing wife 2008-10-07 00:00|| || Front Page|| [3 views ] Top

#1 Get my hankie .

Posted by Perfesser 2008-10-07 08:40|| 2008-10-07 08:40|| Front Page Top

#2 Inflation should be going down pretty soon now that oil is below $90 and dropping.

Posted by Richard of Oregon 2008-10-07 08:52|| 2008-10-07 08:52|| Front Page Top

#3 Credit crunches are usually associated with deflation. Is Dhimmi al-Carter running the place?

Posted by ed 2008-10-07 09:01|| 2008-10-07 09:01|| Front Page Top

#4 Inflation is of two types, consumables and assets. The bubbles we have seen were the result of asset inflation. The overextension of credit against these assets and the subsequent collapse of confidence in their value led to the credit crisis we are now enduring. To solve the problem, the Feds will pump money into the system, $1trillion so far, in an effort to reflate the asset values so that the assets value covers the amount lent. The result will be inflation in consumables as well, particularly as the low cost labor of China disappears in political disruption. Everyone will be screwed before this is over.

Posted by Nimble Spemble 2008-10-07 09:18|| 2008-10-07 09:18|| Front Page Top

23:43 ex-lib
23:39 ex-lib
23:35 ex-lib
23:34 ex-lib
23:30 Don Vito Omeling5062
23:07 Pliny Unaque3241
22:57 mom
22:46 Tranquil Mechanical Yeti
22:12 Alaska Paul
21:58 AlmostAnonymous5839
21:55 trailing wife
21:27 tipper
21:21 Alaska Paul
21:12 Betty
21:06 sinse
21:03 Large Slesing1586
21:01 3dc
20:56 KBK
20:44 JosephMendiola
20:41 Procopius2k
20:36 Nimble Spemble
20:36 JosephMendiola
20:31 JosephMendiola
20:30 Glenmore