Friday, May 29, 2009

Hyperinflation possible in U.S., Faber warns - Jonathan Chevreau Financial Post/Van Sun

But now comes a warning from Marc Faber suggesting that, indeed, U.S. inflation may approach Zimbabwean levels.

The story, which ran onBloomberg News yesterday, is based on an interview Faber gave in Hong Kong. He said the United States will enter hyperinflation because the U.S. Federal Reserve will be reluctant to raise interest rates.

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