Kudlkow looks at core CPI from July of last year through March 2011. The trend, he says, is headed the wrong way. The weight of the evidence is showing higher inflation is on the way. Will it cut economic growth. David Gilmore, Foreign Exchange Analytics, and Bob Stein, First Trust Advisors, discuss.
Back in 1997, Thailand commenced its own banking crisis. The conventional wisdom was that the Thai economy was too small to affect other countries in the region. Nevertheless, the Asian crisis was soon in full swing, bringing down governments and moving from South East Asia to the whole of the region.