chopper: BRIC Premier inflation front of a laundry list of embarrassments
2010 years of macroeconomic data, in addition to the BRIC countries China has by far released, the additional three countries the data are released. Prime Minister of the 3 countries these days are inhibited, in the face of soaring prices, virtually discredited in the face folks, more discredited in the face or frown day housewives.
the first release of data is Russia. Russian Prime Minister Vladimir Putin has been more smart, birthday in 2010, 12 feminine seminary students in Russia made nude calendar, to give Putin a birthday award to Putin's unbelievable globe. Moment in the Russian women and babies is widely sung. However, inflation to Putin out of a big problem, 150 rubles in Moscow last July, supermarkets tin buy potatoes, carrots, onions and cabbage 2 pounds each, compared with slightly lower prices of vegetables supermarket in Beijing,
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netizens eventful happens, Putin has base a June 2010 statement in a public location. Putin was answering a reporter's answer on inflation a clear answer: inflation ambition be restrained, this year inflation rate of 6% apt 7%, will decline over the previous annual. Russia's 2008 inflation rate was 12.3%, down 8.8% in 2009, 2010, whether reduced to 6-7%, of lesson, is a nice thing. But the Moscow public, particularly the housewives did not feel the inflation rate down, but they consider the amount more valuable, build up devalued money. So, everyone eagerly waiting for administration file, the data came out, everybody was surprised, really Russia's inflation rate was 8.8%, with exactly the same for last year, prices did not drip.
Prime Minister Vladimir Putin eat their words. Good Russian friends have to give Putin a statement, the investigation of a diversity of posts bring an end to ...the world flying, long time did not get the spotlight of Putin,
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although. By comparison, Putin still good. The most embarrassing is the Indian Prime Minister Manmohan Singh. When Indian Prime Minister was really stuck on this. Ever since India is understood as one of the BRIC countries since the undergoing of the people throughout India the Prime Minister did not join up to the anguish deep. 15 years,
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Singh resigned this discourse does not? Indian people is increasing, not resign, the shame may distend telecommunications, will be more embarrassing; to resign it, with his two sometime roads guide to Rome, have been busy in inflation to step down, crestfallen that the results may be aggravate. So, is not the right neither the left is difficult to brake folk. Many international visitors predicted that Singh has been incapable to react to India's inflation, the resignation is the only direction.
may be providential that Brazil's new premier Rosoff. She was ordered in periods of crisis, took office on Crackdown's altitude precedence is to involve inflation. The Brazil's new president sworn in, the oath would prevent inflation, avoid her exertions to eliminate privation or affect economic growth. Rosoff said in his inaugural speech, the economy must continue to depend on stable growth, price reliability is particularly essential. She said that in anybody context,
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The question immediately is, because of inflation, and growing polarization in Brazil, and will seriously affect her ruling, influence her ballot. So, she took the premier thing is to slit Brazil's GDP growth rate will be reduced in 2011 to 4.5% of GDP, meantime Brazil's 2010 GDP growth was 7.3%, in order to curb the overheated economy, reduce investment, reduce the currency rate to cool economic ways and means to curb inflation. The migrate at the multinational community recognized as the maximum telling deeds to curb inflation. However, the landscape precarious.
cause is that Brazil, like China, is a relatively colossal value of foreign exchange the nation. Domestic currency is super fat, has long been to the mall, unable to revive. The money must go to thousands of kinds of commodity prices shoved up. Brazil is not a little better than the Chinese things bubble, because 20 years later the breakdown of real possession in Brazil, behind 10 years of citizen economic depression, and now about the housing bubble was still a staying terror,
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In fact, inflation in the BRICs capable to run the destiny. That year, Goldman Sachs to bait the 4 countries, come up with such a term, to draw a pie. Goldman Sachs said: 2025 Brazil will be replaced by Italy's economic rank, and in 2031 than in France; Russia will surpass Britain in 2027, overtaking Germany in 2028; If nought another, then China may overtake the U.S. in 2041 to become the world's largest economy, India may overtake Japan in 2032; BRICs GDP could aggregate more than 2041 in six western industrialized countries (G7 remove Canada), so that by 2050, the world economy will be a major reshuffle, the new global the six economies, China will transform the United States, India, Japan, Brazil and Russia.
this pie four Prime Minister stimulate the nerve, in fact, is a cake. Its intention is through exotic interchange, which allows Europe to enjoy the benefits of the good life of high inflation and global inflation are introduced into the BRIC countries, so that the four countries on economic growth rather than economic prosperity, then, super- bring money to increase the economy, the real flow of wealth in Europe and America, and inflation so that the people in these four countries to undertake. In other words, people in Western countries are enjoying wealth gluttonous feast, and people can enjoy the BRIC spume data, the data can not eat.
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