Sentences with phrase «of skyrocketing inflation»

One interesting example is Venezuela where many are mining Bitcoin because of skyrocketing inflation.

Not exact matches

Since 2013, when Nicolás Maduro took power after the death of Hugo Chávez, the socialist country has struggled with skyrocketing inflation, food and medicine shortages, a shrinking economy and rising violence and corruption.

Not surprising to Jay, the price of gold skyrocketed in the late 1970s as inflation wiped out vast amounts of wealth from average Americans.

The country, suffering from skyrocketing inflation and rampant food and power shortages, is currently operating under a «constitutional state of emergency» as protestors call for the removal of President Nicolas Maduro.

He notes that real returns were even worse in the 1970's, due to a combination of tepid market returns and skyrocketing price inflation.

On top of that, the same right - wing cons who praise capitalism as the reason that millions of people have, truthfully, found a way out of poverty, support politicians who keep wages stagnated, attack the very CONCEPT of a minimum wage despite the skyrocketing inflation and general cost of living, and support one war after another that makes a handful of people VERY rich while millions suffer, and thousands of troops come home with no legs (and thus, lose their jobs and often never recover).

«I'm sure he was not talking about the economy where the cost of living has skyrocketed, unemployment has reached unbearable level while inflation is also beyond what we can bear.

He noted that the mess in which Ghana's economy finds herself is evident in the rising cost of living, skyrocketing levels of inflation, high bank lending / interest rates, and hikes in petroleum and utility prices, amongst others, which have left Ghanaians reeling from unprecedented levels of hardships and suffering.

The markets are beginning to grow very weary over the strength of the dollar, and inflation concerns are growing as deficit projections skyrocket and the Fed prints more and more money in an attempt to get credit flowing again.

Knowing BOCs boss I would not be surprised at all if we move to negative nominal interest rates while inflation is at 8 - 10 % annually (of course the very move of cutting the rates down instead of raising it up will kill the CAD and the imports will skyrocket, including food, so 10 % inflation is pretty much guaranteed)

I would think for people who have a P - x VRM mortgage, unless their own risk profile has changed or they feel strongly that inflation is going to take hold soon and interest rates will skyrocket, switching now wouldn't seem to make a lot of sense to me — especially if there is a penalty that must be paid to make the switch.

OTTAWA — A new study suggests that the cost of child care fees in some of Canada's biggest cities has skyrocketed over the last three years, rising an average of more than twice the rate of inflation over the same time period.

What with skyrocketing fuel and food costs, the only thing that is keeping inflation from going into orbit is the declining cost of housing and used SUVs.

In this age of inflation, getting a decent health insurance cover is the only way not to become a victim of the skyrocketing healthcare costs.

Skeptics have expressed doubts that the currency will thrive, mainly because of lack of trust in a government whose debt is being renegotiated and whose policies have brought skyrocketing inflation.