Economies…yeah…Part 1

June 25, 2008 at 10:02 pm | In Coltura Popolare | Leave a Comment
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Bleh, economies grow and shrink over a period of days, weeks, months, quarters, years, etc…….Inflation plays a big role.  Back when gas reached $2/gallon, it was well-absorbed by most of the US mainly because growth in wages was higher than inflation.  Now, well not so much.  Personally- 31% of my wages (Min. wage; 30-hour week) goes to gas.

One country is experiencing hyperinflation: Zimbabwe (‘07; 10,453% currently out of date, still increasing maybe at around 100K%) Next in line is: Burma at 34.4%.

And with the least amount of inflation: Chad (-8.8%), Nauru (-3.6%), San Marino (-1.5%) and Northern Mariana Islands at (-.8%)

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2092rank.html

The overall pattern is that developed countries tend to have low (less than 10%) inflation, while booming economies have higher inflation (China, India, Azerbaijan.)  And of course, developed/developing countries vary in accordance as to who makes a list.

http://en.wikipedia.org/wiki/Developed_country

For me the list is:  US, Canada, Australia, New Zealand, UK, Ireland, France, Belguim, Netherlands, Luxemborg, Spain, Portugal, Italy, Germany, Denmark, Finland, Sweden, Norway, Switzerland, Liechtenstein, Malta, Greece, Israel, Japan, and South Korea.  City states that are developed include: Singapore, Monaco, San Marino, and The Vatican.

Other places: Hong Kong, Macau, Oil-rich countries (Varies by current price), Thailand and Malaysia (Highly-developed but still lacking in some areas.)

 Enough writing for now!  Note to self: Explain ways you use to predict stock movement and bonds.  Time to read some Neuro! X3

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