The club that spent PS22m in a day on Adam Johnson and Steven Fletcher five years ago was only able to stretch to PS1.25m in transfer fees this summer, bucking the trend of hyper-inflation
in English football.
We inherited hyper-inflation
and financial indiscipline of the highest degree, inhibiting the working class from living lives of dignity, and turned things around to cut our deficit by half, grow the GDP at a 4.7% per-annum rate, improve our balance of trade, bring inflation down to a ten-year low and bring tax collection up to historic levels, a press release from the PM media wing on Saturday quoted the Prime Minister as saying.
This is not just hyper-inflation
, this is off the charts.
wiped out their savings over several years in the early 1990s and the rouble collapsed again in 1998.
Russians have tracked the exchange rate closely since the collapse of the Soviet Union, when hyper-inflation
wiped out their savings over several years in the early 1990s.
Abdallah Massaad was speaking after the firm reported an 18.3 per cent fall in third-quarter net profit to Dh57.4 million ($15.6 million) as the company continued to book an accounting provision for hyper-inflation
in Iran and Sudan and reduced its non-core business earnings.
A conservative fiscal policy since 1991, including inconvertibility of its currency, the soum, has shielded its citizens from hyper-inflation
which ravaged other FSU states, but the policy has diminished FDI.
They have also been implicated in elastic energy storage during certain patterns of respiration and especially during "hyper-inflation
" (expansion of the mantle beyond the resting state) immediately preceding the powerful escape jet (9).
President Nicolas Maduro's leftist government has faced a wave of near-daily street protests since February 4, with the public venting anger over soaring crime, hyper-inflation
and shortages of essential goods.
Since June 1 -- after the US Federal Reserve signalled there would be a tapering of its $85 billion (Dh312 billion) -- emergency bond buying programme later in the year -- the overseas funds have pulled out as much as $11.36 billion from India, thereby exerting greater pressure on the rupee and stoking hyper-inflation
fears in the South Asian country.
In short, Glenn Beck was wrong: hyper-inflation
did not follow the Fed's quantitative easing program, and if anything, the Fed's main concern 6 and the biggest threat to the U.S.