FT.com / Columnists / Martin Wolf – How imbalances led to credit crunch and inflation

tags: inflation, ft.com, big picture

• Inflation is a sustained rise in the price level: the result of too much money (or purchasing power) chasing too few goods and services. A one-off jump in commodity prices is not inflation. Nor need such a jump cause inflation. But a continuous rise in the relative price of commodities is a symptom of an inflationary process.

FT.com / Credit bubble – FBI eyes big business in mortgage fraud probe

Federal investigators are homing in on 19 “large corporations” – including investment banks, credit rating agencies, accounting firms and hedge funds – as part of a broad probe into mortgage fraud.

tags: ft.com, credit crisis

• Federal investigators are homing in on 19 “large corporations” – including investment banks, credit rating agencies, accounting firms and hedge funds – as part of a broad probe into mortgage fraud.