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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (9633)	7/18/2008 3:29:33 AM
From: RockyBalboa	Respond to of 71475

You see that this is also where the more realistic inflation numbers for a USD pegged environment pop up: Kuwait: rose to a record 10.14 percent in February Arabia: at 10.4 percent in May of this year UAE: inflation rise to 12% in 2008 etc... Inflation in UAE (News - Detail) Date : 18.06.2008 Inflation in the UAE is estimated at 12% while the rate in Abu Dhabi increased from 10,7% in December last year to 11,5% at the end of March. Inflation in Dubai is more than one year above 14%. These values are a 20-year high as Ministry of Economy reported. It is a result of increasing prices of energy, commodities, food in addition to the depreciating dollar. But the inflation in the housing is still higher and the report attributes the high figures to the increase in consumer prices, costly rents and fuel, and soaring costs of goods and services. While rising liquidity, low interest rates and easy bank loans have contributed, the report observes that the declining value of the dollar, to which the dirham is pegged, has contributed to the rising cost of imports. According to the report, last year the country witnessed increases in housing rents, the cost of production and prices of goods and services. The index for rents, electricity and water was up 18,2% from a year earlier. The index for food, beverages and tobacco gained 19,8%.