Jim Rickards on Russia and the most important stories of 2014
Inflation in Japan dropped to a 14-month low in the month of November. The disinflation comes as a relief to consumer who, since April, have been struggling with an increased consumption tax, which put a squeeze on many household finances. It was the first consumption tax in 17 years. However, the latest fall in the core consumer price index – to 0.7% in November, down from 0.9% in October – will cause some concerns for the central bank, which has staked its credibility on hitting a 2% inflation rate within two years. Erin weighs in.
Then, Erin is joined by Jim Rickards – chief global strategist at West Shore Funds and author of “The Death of Money.” Jim tells us if he thinks the Ruble rout is a crisis similar to those of 1998 or 2008 and gives us his take on the strong dollar.
After the break…
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