A major hedge fund fears 'hyperinflation' in some developing nations. This is why it could still affect America.

Quick Summary:

Elliot Management warned that some countries may face "hyperinflation".

If that does happen, it could cause big problems for the US.

In 2017, prices in Venezuela soared by nearly 1,000% amid economic, social, and political upheaval, forcing people to pay for everyday goods with huge amounts of cash.

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Article Details

Category: Economy

Markets: United StatesChinaGermanyUkraineVenezuela

Topics: Hyperinflation Economy Global Economy Global Economics Recessions Interest Rates Recession Inflation Weekend BI UK Feature Weekend BI UK News Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-26 @ 09:00:44 (3 months ago)

News Timezone: GMT -5:00

News Source URL: businessinsider.com

Language: English

Article Length: 696 words

Reading Time: 4 minutes read

Sentences: 57 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 1947648

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