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Rising Prices Lurk in Europe's Immediate Future

By Implode-Explode Heavy Industries

``Flossbach is convinced that the euro will also degenerate into a soft currency. The enormous debts facing some euro-zone governments, he says, make it inevitable. Flossbach expects galloping, double-digit inflation -- and not in five or 10 years, but soon. The only missing ingredient, he says, is a trigger, a dramatic event that will put an "avalanche-like process" in motion.''

Full post as published by Mortgage Lender Implode-o-Meter on January 21, 2011 (boomark / email).