With money supply growth at 35%....the recently reported "basket-of-goods" inflation of 27%......the near triple digit pay increases that some govt workers are demanding...the increasingly large debt service payments as a percentage of GDP....the usage of large amount of govt funds for non-productive means (social clubs for the congress....susbtantial pay increases for the military)....when will inflation accelarate from the current single digit annualized levels? what is a normal spread between current inflation and interest rates on short term bank certificates?
thanks in advance,
mondongo
thanks in advance,
mondongo