Getting Worse: Russian Inflation Demons

Inflation Demons were in room #3 of last year's "Federal Reserve Hell House" down at Grace Lutheran.

Russian growth is stalked by inflation demons

By Desmond Lachman

Published: January 7 2008 02:00 | Last updated: January 7 2008 02:00

For markets ignore several special, and most likely transitory, factors that have underpinned Russia's remarkable economic performance over the past seven years. They also ignore the fact that Russia's inflation demons are rearing their ugly heads and showing every sign of getting worse.