11 May 2010

ARGENTINA: Inflation Rate Equals Venezuela's...Now At Least... 25%!

BLOOMBERG/         "Argentina’s inflation rate is the second highest in the world behind Venezuela. Both countries would take the inflation crown from Zimbabwe, where prices climbed 500 billion percent in 2008, according to the International Monetary Fund, before slowing last year. Argentina’s statistics agency said prices only rose 9.7 percent in March from a year earlier." And... "Anyone who’s playing Argentina knows that they’ve been fudging the data,”says investor Edwin Gutierrez.