Tuesday, May 11, 2010

Chart of the day is...

....Colombia's CPI inflation, 1990 to date.


This because somebody mailed me last night and asked why Uribe is a popular President in Colombia. It's not just this whole hard line FARC thing he has, y'see; it's the economy, stupid.

But here's a little thing: Let's also note that Colombia is now seeing a big bout of monetary stimulus, as since September 2009 (just 6 months) the country M3 money supply shot up by 14%...that's a Venezuelan rhythm and not normal for a monetarily prudent economy such as Colombia's.


I smell inflation in the pipeline, folks.