The inflation nightmare is officially moving from a warning sign to a daily reality. Wall Street is sweating bullets.
Global inflation is now projected to hit 3.9% for the year, a jump that economists warn will hit developing nations the hardest as the cost of imported goods and energy erodes real income. While the U.S. economy is holding at a forecasted 2% growth rate, the U.N. report warns that European nations are dangerously exposed …