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Tip of the Day Ditch Your Car

Ditch Your Car - If you live in a community where everything is within a reasonable distance, you need to ask yourself why you are driving a car, which when...

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Hyperinflation

Definition: Hyperinflation is extremely rapid inflation.html">inflation.  During hyperinflation, the cost of goods rise at an extraordinary rate.

TeenAnalyst Advice: Hyperinflation usually occurs in small, third world countries with less currency stability.  In the United States, our average inflation rate is about 3.5%, however it has been as high as double digits in the 1970's.

The most famous case of hyperinflation occurred in Germany in the 1920's.  Inflation was so out of control that it was cheaper to burn German currency for heat than it was to use it to buy firewood!

 

Discuss It!

sell my miles said:

Very rapid inflation, oops that is an unacceptable term for those who work under this field. The currency stability must have to be done as soon possible to make the hyperinflation to get away. I really hate this inflation.

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Definition of the Day Fitch Sheets

Fitch sheets- They are issued by Mr. Francis Emory Fitch, Inc they are the reports and are compiled on a daily basis. They are then stored away in a massive data bank to show trends in the stock market for future assessment they have records going back as far as...

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