Money and Finance
A brief history of hyperinflations – By Merryn Somerset Webb
I have a list pinned above my desk of things I want to write about when I get around to it. Over the summer I added “coming hyperinflation in Iran” to the list in capital letters. Sadly, the market has beaten me to it.
This week, the collapse of the Iranian rial hit the mainstream news. It has been falling since the US and the EU imposed sanctions in 2010 but in the past few weeks that fall has accelerated and the usual side effects of rampant inflation have been reported. Consumers are stockpiling food; suppliers are holding back inventories to keep ahead of price rises; high value items are quoted in dollars; and angry citizens are protesting in the streets.
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Related paper: "World Hyperinflations"
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Links
Merryn Somerset Webb's Christmas reading list (LINK) [The books: Jesse Livermore Boy Plunger: The Man Who Sold America Short in 1929, Saving the City: the Great Financial Crisis of 1914, The Forgotten Depression: 1921: The Crash that Cured itself,...
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Links
Howard Marks' CFA Institute Conference Presentation (video) (LINK) Merryn Somerset Webb interviews Hugh Hendry (Part 3) (LINK) [The complete transcript is also available HERE.) When Stock Buybacks Are Not a Waste of Money (LINK) Related link: Warren...
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More Iran Inflation Articles
Link to articles: Hyperinflation Hits Iran; Monthly 70% Inflation Rate; Reflections on Economic Warfare Iran's People Suffer as Oil Income Protects the Government from Hyperinflation Meat becomes a Luxury Good in Iran as Inflation continues
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John Mauldin: Can “it” Happen Here?
The beginning of the end of the Weimar Republic was some 89 years ago this week. There is a stream of opinion that the US is headed for the same type of end. How else can it be, given that we owe some $75-80 trillion dollars in the coming years, over...
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My Stock Watch List And Stock Purchases (5/24)
This week I purchased shares of
[email protected] and
[email protected] Here is my watch list for upcoming week*. Stock Name, descriptionprice as 5/16Dividend YieldPFEPfizer$29.493.50%TGTTarget$55.693.00%ESVEnsco$51.356.00%CNPCenterpoint energy$23.873.90%WFMWhole Food...
Money and Finance