A short history lesson on hyperinflation

Spotted at peakoil.com :

German Wholesale Price Index:

July 1914
1.0

Jan 1919
2.6

...

July 1923
194,000.0

Nov 1923
726,000,000,000.0

I chipped in with :

http://www.theoildrum.com/node/2660/201028

"If you study the German Hyperinflation, January 1918 through November 1923, one stock index share went from 126 to 23,680,000 million in nominal Reichsmarks ... however, if you measure the German stock market during this period in US Dollars (at that time backed in gold) ... the gain of 187,936 million times in Reichsmarks amounted to a 60% loss in US dollars."

(2007-11-12 00:14:10 SGT) [Biz] Permalink

Comments:

Post a Comment:

Comments are closed for this entry.

« Pollution from marin... | Main | US M3 hits 18% »

Most popular blog postings on lowem.log :

1. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. Singapore SIBOR rate falls to 1.31%, lowest since Nov 2004
4. Singapore SIBOR interest rates fall to 1.5%, lowest since Dec 2004
5. Live spot gold price quotes chart on COMEX
6. 2010 Honda Civic Hybrid preliminary specifications released
7. Fuel prices seen stoking Malaysia inflation in 2008
8. How to insert currency exchange rates into Google Spreadsheets

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Singapore inflation rate hits new 26-year high of 7.5% in Apr 2008
3. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
4. 67000 China factories closed in H1 2008 as global economic collapse takes hold
5. 2010 Honda Civic Hybrid preliminary specifications released
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.94% in Nov 2008, lowest since Jul 2004