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Keyword: inflation

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  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 29 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Venezuela’s Hyperinflation Is Breaking Deli Scales [tr] [Bloomberg Link Only]

    03/14/2018 6:27:28 AM PDT · by C19fan · 10 replies
    Bloomberg [Link in Body of Thread] ^ | March 14, 2018 | Patricia Laya
    Click here to go to Bloomberg.
  • Monday Moanin’–They May Be Giants But They Are Not American Giants

    03/05/2018 7:14:26 AM PST · by NOBO2012 · 17 replies
    MOTUS A.D. ^ | 3-5-18 | MOTUS
    Yes it’s Monday Moanin.’ Also known in the trade as “what’s bothering you” it means that it’s time to let your inner-bitch out. Since I’ve been bitching about politics for over a decade I’m focusing on something that’s only ancillary to politics today: the long, slow march to the downsizing of America. I’m talking products here, the size reductions that require heirloom recipes to be recalibrated to accommodate for the new 14.75 ounce cans that used to hold 16.5 ounces and the 12 ounce boxes that once housed a full pound of pasta. I guess manufacturers thought we wouldn’t notice....
  • Will the Trump tariffs substantially increase the cost of vehicles and stoke inflation?

    03/03/2018 11:11:12 AM PST · by SeekAndFind · 35 replies
    American Thinker ^ | 03/03/2018 | Jack Hellner
    It's amazing.  Even a topic as dry as tariffs gets the press's bias wheels turning.  Here's one example, from Reuters: Toyota Motor Corp said on Friday U.S. tariffs on imported steel and aluminum would substantially raise costs and therefore prices of cars and trucks sold in America. "The (U.S.) Administration's decision to impose substantial steel and aluminum tariffs will adversely impact automakers, the automotive supplier community and consumers," the automaker told Reuters. Toyota added that more than 90 percent of the steel and aluminum purchased for cars built in the United States is sourced from the country. Substantially?  In making this claim, somehow,...
  • German inflation slows more than expected in February

    02/27/2018 9:36:26 PM PST · by Berlin_Freeper · 6 replies
    reuters.com ^ | February 28, 2017 | Reuters Staff
    BERLIN, Feb 27 (Reuters) - German inflation slowed more than expected to hit a 15-month-low in February, data showed on Tuesday, suggesting that price pressures in Europe’s largest economy are muted despite a robust upswing, rising wages and unprecedented monetary stimulus.
  • Dow sheds 400 pts as bond yields rise on strong jobs data

    02/02/2018 11:36:21 AM PST · by BenLurkin · 42 replies
    Rueters ^ | February 2, 2018 | Tanya Agrawal
    The Dow Jones Industrial Average dropped more than 400 points, with 10 of the 11 major S&P sectors in the red, led by the energy index’s 3.49 percent fall. Nonfarm payrolls rose by 200,000 jobs in January, the Labor Department said, beating expectation of 180,000. Average hourly earnings rose and boosted the year-on-year increase to 2.9 percent, the largest rise since June 2009. After the data, benchmark 10-year Treasury yields extended their rise to more than 2.8 percent, while traders boosted bets that the U.S. Federal Reserve will raise interest rates three times this year. Fast-rising wages could prompt more...
  • Atlanta Fed Sees GDP Rocketing To 5.4% In First Quarter (Trumps's Economy)

    02/02/2018 5:23:03 AM PST · by blam · 9 replies
    Breitbart ^ | 2-2-2018 | John Carney
    The American economy is on track to grow at a 5.4 percent annualized rate in the first quarter of this year, the Atlanta Federal Reserve’s GDPNow forecast model showed on Monday. The regional Fed’s forecast rose from last week’s 4.2 percent growth following a report on manufacturing that showed more expansion than expected. The forecast of real consumer spending growth rose from 3.1 percent to 4.0 percent, while the forecast of investment growth soared from 5.2 percent to 9.2 percent. This is an early reading, based on just one-months data. Even the most optimistic economists do not expect the economy...
  • Atlanta Fed upgrades U.S. first-quarter GDP growth view to above 5 percent

    02/01/2018 10:42:53 AM PST · by gubamyster · 26 replies
    Reuters ^ | 02/01/2018 | Staff
    NEW YORK (Reuters) - The U.S. economy is on track to grow at a 5.4 percent annualized rate in the first quarter following the latest data on manufacturing and construction spending, the Atlanta Federal Reserve’s GDPNow forecast model showed on Thursday. The latest estimate on gross domestic product was faster than the 4.2 percent growth pace calculated on Monday, the Atlanta Fed said.
  • This Noted Statistics Expert Says Inflation In 2018 Is Way Higher Than They're Telling Us

    01/23/2018 11:58:08 AM PST · by sloop3 · 29 replies
    Free Market Central ^ | 1/23/2018 | Free Market Central
    How much inflation are we really seeing today, and is it likely to rise further as the Fed “unwinds” its Quantitative Easing securities purchases, and a more active economy pushes up wages and prices? Free Market Central put these questions to economist John Williams, whose ShadowStats alternative economic indicators are featured on our home page. Williams has long insisted that federal economic statistics do not tell the whole story. For years, he explains, the government has been gaming the numbers. Not only is inflation understated; given current trends, it’s only going to get worse.
  • anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab...

    12/31/2017 7:02:38 AM PST · by TigerLikesRooster · 99 replies
    LiveLeak ^ | Dec-30-2017
    anti Islam protests grow in Iran - more cities join " We are Aryans , we dont worship a Arab (mohammad)" "Aryai hastim, arab nemiparastim" for the 3rd day iranians all over iran are protesting against the ruling Clerics (islam), after yesterday even the youth of irans "Most religious city" " Irans vatican " Qom joined the protests more and more cities are joining. The youth of Iran is sick of Islam and want go back to their roots ( pure iranian culture - Zoroastrianisim-Aryan identity) Today the most popular slogan was "Aryai hastim , arab nemiparastim " translation "...
  • Caraqueńos have no plans for Christmas because of the economic crisis

    12/23/2017 2:38:04 PM PST · by Steely Tom · 9 replies
    El Nacional (Venezuela) ^ | 22 December 2017 | WILLIAMS PERDOMO
    Retailers report low sales. According to the National Assembly, Venezuela could close this year with an inflation of 2000%. Little streets decorated by the holiday party and citizens looking for the cheapest prices to bring something home. This is how the streets of Caracas look like on Christmas Day. In a survey conducted by El Nacional Online, the people of Caracas expressed the challenge of celebrating the holiday season. They indicated that this year will be different from the previous ones due to the economic situation that Venezuela is enduring. "On the 24th I'm going to sit down and talk...
  • Prices of meat and chicken have increased by more than 200% in a month and a half

    12/23/2017 2:02:16 PM PST · by Steely Tom · 47 replies
    El Nacional (Venezuela) ^ | 22 December 2017 | CARLOS SEIJAS MENESES
    Neither audits nor threats to traders by the National Superintendence for the Defense of Socio-Economic Rights prevented prices of beef and chicken skyrocketing in the space of a month and a half. The agency regulated the meat between 38,000 (lizard with bone, rib and red bone) and 80,000 bolívares (lomito), but in 45 days it increased 225%. On October 30 the little meat that was obtained in the markets and butchers sold it in 80,000 bolivars. Yesterday the kilo of ground meat cost 230,000 bolivares in El Valle, while in the municipal market of Chacao the steak, ground, stewed and...
  • How a New Inflation Measure Raises Taxes on the Middle Class

    11/15/2017 3:10:47 PM PST · by C19fan · 6 replies
    Wall Street Journal ^ | November 15, 2017 | Grep Ip
    Tucked into Republicans’ tax overhaul bill is a technical tweak to how inflation is measured. The change is designed to hold down the deficit, but over time it becomes a significant tax increase that hits many of the same middle-class households who start out as the plan’s beneficiaries.
  • Venezuela's inflation rate could pass 2,300% next year: IMF

    10/11/2017 5:47:52 AM PDT · by C19fan · 26 replies
    FOX Business ^ | October 10, 2017 | Staff
    In its global report released on Tuesday, the International Monetary Fund (IMF) estimated that inflation within crisis-laden Venezuela could skyrocket to more than 2,300% by 2018.
  • Dollar to Gold Ratio According to U.S National Debt Clock

    09/25/2017 8:55:51 PM PDT · by WhatNot · 60 replies
    I wanted to post this just in case people missed it, a while back the U.S National Debt clock began publishing the real ratio for U.S dollars to gold. At this point it's up over 6,000 per ounce. Keep stacking!
  • The Federal Reserve is setting America up for economic disaster

    09/19/2017 7:24:05 PM PDT · by Tolerance Sucks Rocks · 75 replies
    The Hill ^ | September 18, 2017 | Armstrong Williams
    I recently had the opportunity to read "The Creature from Jekyll Island" by G. Edward Griffin, a prodigious tome dealing with the circumstances surrounding the creation of the U.S. Federal Reserve System. I was taken aback by some of its provocative assertions. America joined World War I largely to help a few bankers profit off the war (despite a long-standing Monroe doctrine that prohibited our involvement in European affairs) The Bolshevik Revolution of 1917 was supported by international financial interests in order to destabilize Russia and steal the wealth of the Russian people; and So-called "foreign aid" is merely a...
  • U.S. Home Flipping Rate Plateaus in Q2 2017 Flipping Returns Decline for 3rd Consecutive Quarter

    09/14/2017 6:49:17 PM PDT · by SeekAndFind · 7 replies
    Rate Up in 53 Percent of Local Markets Led by Metros in Louisiana, New York, Alabama;Dollar Volume of Flipper Financing Rises to Nearly 10-Year High of $4.4 BillionIRVINE, Calif. – Sept. 14, 2017 — ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 U.S. Home Flipping Report, which shows that 53,638 single family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6 percent of all home sales during the quarter. The home flipping rate of 5.6 percent in Q2 2017 was down from 6.9...
  • Mitch McConnell: No debt ceiling vote until 2018

    09/12/2017 9:15:20 PM PDT · by BlackFemaleArmyCaptain · 25 replies
    Washington Examiner ^ | 12 September 2017 | Susan Ferrechio
    Senate Majority Leader Mitch McConnell on Tuesday said Congress will not have to vote to raise the nation's borrowing limit until some time in 2018 thanks to the Treasury Department's flexibility in handling the debt ceiling once it is reinstated in December. "We will not be revisiting the debt ceiling until next year," said McConnell, R-Ky. The move undercuts Democrats who hoped to trade their votes this year for a debt ceiling increase in return for a vote to secure passage of so-called Dreamer legislation that would protect illegal immigrants who came to the United States as children. The debt...
  • Next Up for GOP Congress: Raising the Debt Ceiling

    07/30/2017 1:51:24 PM PDT · by Hojczyk · 25 replies
    The Wall Street Journal ^ | July 30,2017 | Kate Davidson
    Treasury Secretary Steven Mnuchin says federal borrowing limit must increase by Sept. 29, giving lawmakers little time after recess to act Republicans are leaving town for an August recess after a failed attempt to repeal the Affordable Care Act. When they return in September, they’ll have just 12 working days to avert another big problem. In a letter to lawmakers Friday, U.S. Treasury Secretary Steven Mnuchin said the federal borrowing limit, or debt ceiling, needed to be raised by Sept. 29 or the government risked running out of money to pay its bills.
  • Bewitched, becalmed, bewildered {Economics}

    07/07/2017 6:00:14 AM PDT · by Mechanicos · 10 replies
    PJ Media ^ | July 7, 2017 | Richard Fernandez
    In the first decade of the 21st century Western economic growth entered the doldrums. The question was why. Former Harvard president Larry Summers noticed that something changed after the 2008 financial meltdown. The economic spring which had always bounced back had lost its elasticity. He diagnosed it as secular stagnation. .... Most observers expected the unusually deep recession to be followed by an unusually rapid recovery .... Had the American economy performed as the Congressional Budget Office fore­cast in August 2009—after the stimulus had been passed and the recovery had started—U.S. GDP today would be about $1.3 trillion higher than...