Jones Inflation - Preliminary Year's End Summary

My inflation forecast for 2007 will be off by more than 10% for the first time since 1986. It may be off by as much as half a point by the time we finish the year. This indicates surprise volatility in the political and economic arenas occuring in the last half of the year.

And, as we near years end and data begins flowing into my algorithm, I'm showing a very wide variance in the figures indicating that the coming year could be even more tumultuous. I expect gold to surge upward in price and political and economic landscapes could rock and buck like the deck of a ship in a storm tossed sea.

The current inflation projection for 2008 stands at 3.76 but this figure will certainly change as the year comes to a close and more data becomes available. I try to publish the Jones Inflation Forecast no later than mid February of each year. This provides enough time to acquire the hard figures and data necessary to generate a (more or less) reliable inflation rate for the forthcoming year.

Capitalism: A New Definition

Capitalism: A New Definition

To each according to their knowledge and their contribution to society.