Only ginger ale and a favorite local soft drink called Bubble-Up were served.

VOA: standard.2010.02.25

Brazil is also wrestling with inflation, thanks to a QE2 fed commodities bubble and local demand for credit and consumer goods and services driving up prices.

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The timing, which combines a local recession and hints of the end of the dot.com bubble with worries about the millennium bug, is scarcely propitious.

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Alan Greenspan, chairman of the Federal Reserve, has argued that while America has regional housing hotspots, such as in California and New York, a national bubble is highly unlikely because prices are determined largely by local factors.

ECONOMIST: Global house prices