Thursday, May 22, 2008

Emerging Market inflation revisted

Back on one of my favourite hobby horses again today - global inflation. The graphic on the left is courtesy of Economist.com

It's really difficult to see what the medium long term implications of inflation in oil and other commodities are likely to be. Thei seems to be the end of a golden age. The future looks expensive, uncertain and more risky! Could we be looking at the embryo trigger points of more global conflict?

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