Inflation is being manifest in commodity prices. Food prices topped the high they reached in 2008. Producer prices were up 4.1 percent over a year ago driven by commodity prices. An oversupply of dollars is behind the global commodity boom as we export our inflation to the booming BRICs.
Portfolio manager, Bill Gross manages more bonds than anyone in the world. Pimco's founder talks to Barron's Michael Santoli on the improving economic outlook for 2011. Problems loom with declining dollar, government debt and high unemployment:
Meanwhile, the Reserve bank of India has raised its benchmark rates, yet prices may be outpacing the increases in rates. Dow Jones Newswires' Mark Cranfield reports:
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