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1.)Sounds like a new self help book to read in these turbulent economic times - The Zim Bob Way.
2.)While we are definitely living the worst "R" word since the seventies, it's amazing we aren't teetering on the brink of the "D" word. Not enough of the right Jenga bricks have been removed to topple the economy that badly.
3.)I do find it interesting that as the price of crude keeps dropping, due to Hurricane Ike, the price of refined petroleum products keeps rising. Why? Not enough refineries open and operating to keep up with demand. The price can fall back to $75 or even $60 a barrel but if refinery production is slow while demand is high, gasoline is still going to stay close or near $4.00 range.
This is funny, but the scary part is that this is happening in Zimbabwe. I've lost count of the inflation rate but at the moment it is in the millions %. Zimbabwe recently removed 10 zeros from their currency and still people are struggling to get enough money together to just buy a bread. Hopefully the power sharing deal between the government and opposition being signed today will bring the relief the people of Zimbabwe need so desperately.
I like the joke, the idea of the value of money falling so fast that you can't hand over money fast enough is scary. But the strange thing is that because of the power of compounding one billion % (annual) is the equivalent of only (!) about 6% per day! Still, I'm glad I don't live in Elbonia!
