INFLATION - WHAT TO EXPECT ?!?!?!
Are you kidding?
Over the new year prices rocketed in Dubai. Inflation for January is now over 20% PA.
US has no choice but to cut interest rates to prevent or at least mitigate recession. Bernake stated as much today. The dollar is going down futher and with it the Dirham. If you are getting ERP you are probably peaked at the cap so your salary will now go down in tandem.
Along with this so will your Provident Fund if you are in US Equities or cash.
Standby for rampant inflation this year, with a dwindling salary. It all means one thing. LESS DISPOSABLE INCOME or LESS SAVINGS.
If you are in any doubt look at the Gold and Oil prices in Dollars or Dirhams. They tell the truth as they are tangible commodities. If you thought 2007 was harsh you aint seen nothing yet.....