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TechnoratiPost tagged with federal debt
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When a 5,300% gain = a catastrophic loss
October 21st, 200902:16 PM ETBy Joseph SlifeFinancial commentator Jonathan Hoenig, writing at SmartMoney.com, tells a sad (and recent) tale of how runaway inflation can destroy the value of earnings. From May through October of 2008, Zimbabwean stocks skyrocketed, shooting from 72,000 to almost 400,000 by early November as measured by the S&P/International Finance Zimbabwe Index. Fo...
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