Wednesday, April 02, 2008
100,000% Inflation Rate + Election Dispute = Rising Stock Market
The African country of Zimbabwe has had runaway inflation recently calculated at 100,000%. They are also experiencing an election dispute with the loss of President Robert Mugabe. Throw in extreme poverty and a mass exodus of its citizens. Put them all together and what do you get? A rising Zimbabwe stock market for the third day in a row. The Zimbabwe industrial average was up 11% and the mining index was up 25% on Tuesday.
Posted by Stockerblog at 11:29 PM