[Vnbiz] June inflation -- slowing down

[Charles Vo]

I agree with Hong Phong that the situation is still horrible.  Prices are still increasing at a fast pace, but it's not increasing at the torrid pace like back in May.  If one annualizes June's CPI increase, then one gets over 24% inflation.  That's bad in anyone's book except Zimbabwe.  The government needs to tighten money supply even more.  Too much money printing happened the past few years, and it's time to rein in the excesses.  It will be painful.


--- On Thu, 6/26/08, Hong-Phong_Pho at ita.doc.gov <Hong-Phong_Pho at ita.doc.gov> wrote:

> From: Hong-Phong_Pho at ita.doc.gov <Hong-Phong_Pho at ita.doc.gov>
> Subject: Re: [Vnbiz] June inflation -- slowing down
> To: vnbiz at vietlinks.net
> Cc: vnbiz at vietlinks.net, vnbiz-bounces at mail.saigon.com
> Date: Thursday, June 26, 2008, 6:50 PM
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