by Arun Prabhudesai 
Are we going nuts over India’s inflation touching 11.5%?
Think about a country where the inflation is 2.2 million percent. Yes, that’s right Zimbabwe’s inflation has risen from 165,000% in February to whooping 2.2 million. Can you imagine that.
The prices of goods double or even triple in a day !
Now here is another surprise.. Central bank has introduced a note that reads $100,000,000,000 ($ 100 billion) to cope up with cash shortages in the country.
I do not have picture of 100 billion dollar note, but here is how $ 500 million note looks like.
You know the actual value of that note ?
One 500 million dollar Zimbabwe note is worth mere 2 US dollars :)
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July 20, 2008 Continue Reading → by Arun Prabhudesai 
The weakening of dollar is fast becoming an important reason for Indians to move back to their homeland. Just yesterday, I was with bunch of my friends in my apartment complex and the discussion as expected was around the Rupee and cricket. Everyone universally accepted that Dollar is going to keep going south and in near future we may see Dollar nearing 30 rupees.
September 23, 2007 Continue Reading → 
