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Filed under inflation isn't dead everywhere: Savers who gripe about near-0% interest rates...

Filed under inflation isn't dead everywhere: Savers who gripe about near-0% interest rates should remember that real interest rates (accounting for CPI) in the U.S. aren't nearly as bad as some parts of the world. Case in point: The Central Bank of Kenya upped its benchmark rate from 7% to 11% (.pdf), while the Bank of Uganda hiked rates to 20% from 16% (.pdf)  - both due to a runaway inflation.
Comments (1)
  • Let me see if I have this straight. The people of America...especially the responsible ones who have saved money and lived within their means...are supposed to feel *better* about this train wreck of an economy because the inflation rate here is lower than it is in Kenya and Uganda? Really? That's our positive spin for the day?

     

    Suggestion: stop writing these blurbs and drink more heavily.
    5 Oct 2011, 02:49 PM Reply Like
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