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Keyword: inflation

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  • $200 Steaks, $30 Coffee? Here's Why Some Foods Could Get Vastly More Expensive

    07/28/2014 9:06:55 PM PDT · by blam · 41 replies
    BI ^ | 7-28-2014 | Leslie Baehr and Skye Gould
    Leslie Baehr and Skye GouldJuly 28, 2014Many factors could drive certain food costs up radically in the future. It could be as simple as soaring demand from new markets. It could be as complex as the effects of climate change rendering farm fields too hot or try or spreading plant-destroying pests to new areas.(snip)
  • Wage Growth Is Really Going Nowhere

    07/27/2014 9:22:30 AM PDT · by blam · 18 replies
    BI ^ | 7-27-2014 | Myles Udland
    Myles UdlandJuly 27, 2014 Wage growth is close to not being growth at all. On August 1, we'll get the latest jobs report from the Bureau of Labor Statistics. Last month, the report showed that the economy added 288,000 jobs in June, with wages growing 2% year of year. Unfortunately, when taking into account the rate of inflation, "real" wage growth was flat. In Business Insider's latest Most Important Charts In The World feature, Ellen Zentner, senior U.S. economist at Morgan Stanley, highlighted the following chart, which shows how real wage growth has slowed to, well, no growth at all.(snip)(snip)
  • Based on the Non-Massaged Data, the US is Back in Recession

    07/26/2014 11:02:40 AM PDT · by SeekAndFind · 12 replies
    Zero Hedge ^ | 07/25/2014 | Phoenix Capital Research o
    Beneath all of the bogus economic data, the US economy is tanking again. One of the biggest games played by the bean counters in Washington in the US is the overstatement of GDP growth by understating inflation. Consider this simple example. Let’s say that the US GDP grew by 10% last year. Now let’s say that inflation also grew by 10%. In this scenario, real inflation adjusted GDP growth was ZERO. However, announcing ZERO GDP growth is a major problem politically. So what do the Feds do? They claim that inflation was just 8%, and BOOM you’ve got 2% GDP...
  • The Manicured Hands of D.C. and the Calloused Hands of the Forgotten Man

    07/26/2014 12:34:50 AM PDT · by 2ndDivisionVet · 4 replies
    A Time For Choosing and various tweets ^ | July 26, 2014 | Whitney Pitcher
    Last weekend, Governor Palin gave a measured and thoughtful speech at the Western Conservative Summit, speaking primarily in the tone of the “forgotten man”–”the hard working middle class man who can’t catch a break”. She also used a masterful analogy of the “calloused hand that built America”. What a stark contrast between an open hand calloused from hard work and the clenched fist of socialism. What a stark contrast, too, between Governor Palin’s speech that hit a tone that resonates with middle class America and the tonedeafness and lack of self-awareness of Washington. Take, for example, the Left’s newest pivot...
  • How and Why the CPI Was Destroyed as an Accurate Measure of Price Inflation

    07/25/2014 3:11:11 PM PDT · by george76 · 31 replies
    EPJ - Shadowstats ^ | July 23, 2014 | John Williams
    In the early-1990s, political Washington moved to change the nature of the CPI. The contention was that the CPI overstated inflation (it did not allow substitution of less-expensive hamburger for more-expensive steak). Both sides of the aisle and the financial media touted the benefits of a “more-accurate” CPI, one that would allow the substitution of goods and services. The plan was to reduce cost of living adjustments for government payments to Social Security recipients, etc. The cuts in reported inflation were an effort to reduce the federal deficit without anyone in Congress having to do the politically impossible: to vote...
  • Japanese Inflation Holds Near 23 Year Highs As Food, Energy, & TV Costs Soar

    07/24/2014 4:59:38 PM PDT · by Leaning Right · 5 replies
    Zero Hedge ^ | 07/24/2014 | Tyler Durden
    Japanese CPI printed 3.6% in June, modestly down from May's 3.7% YoY, but hotter than the expected 3.5% YoY analysts predicted. If you don't eat food or use energy then inflation merely bit 2.3% of your income this year but if you did then you may have noticed that energy costs are 9.1% higher YoY, TVs +8.0%, and Food +4.1%
  • The weird obsession that's ruining the GOP: Benghazi? ObamaCare? Hillary? No — it's inflation.

    07/24/2014 4:59:28 AM PDT · by 2ndDivisionVet · 12 replies
    The Week ^ | July 23, 2014 | James Pethokoukis
    Call it doomsday prepper economics. For more than five years, many Republicans and conservatives have warned that catastrophe is nigh. Washington's deficit spending and the Federal Reserve's excessive money printing will lead to a financial crisis worse than the Great Recession, they prophesied. Inflation will skyrocket, the dollar will collapse, and the Chinese will dump treasuries, they swore. As Ron Paul, the libertarian former GOP congressman and presidential candidate, said back in 2009: "More inflation is absolutely the wrong way to go. We're taking a recession and trying to turn it into a depression. We're going to see a real...
  • The Brilliance of Obamanomics

    07/23/2014 6:56:45 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | July 23, 2014 | Michael Schaus
    Brace yourself… Skepticism, doubt and criticism of Obamanomics (all of which are, undoubtedly, based in racism) will be cast aside. Why? Because, according to the 20-something-year-old White House intern that is in charge of the official White House twitter account, “Our businesses have added nearly 10 million new jobs over the past 52 months.” I know, right? Pretty awesome statistic. (Gloss over the fact that the President is referring to private enterprise as “our businesses”.) But before you rush out to slap an Obama ‘16 sticker on your car (are those stickers available yet?), you may want a little bit...
  • Venezuela's Transformation To Socialist Utopia Is Nearly Complete (shortened)

    07/22/2014 1:49:53 PM PDT · by Kartographer · 14 replies
    Zero Hedge ^ | 7/22/14 | Tyler Durden
    "I can't find anything. Prices are climbing daily," said Jesus Ramirez, a taxi driver who has spent a year trying to replace the 2008 Renault he purchased new for $7,441. He sold the car for over $30,000 five years later. With inflation at 60% a year, among the highest in the world, Venezuelans protect their earnings by buying cars, among other big-ticket items. Car parts needed to keep vehicles on the road have also become difficult to find. That has led thieves to steal parts such as batteries from parked cars. The owner of a Caracas car dealership who said...
  • American Families Are Right To Be Worried About Inflation

    07/22/2014 1:41:20 PM PDT · by right-wing agnostic · 7 replies
    The Federalist ^ | July 22, 2014 | Sean Davis
    “Americans should stop whining about food prices.” That was the message AEI’s Mark J. Perry blasted last September to families gullible enough to believe that rising food prices were a problem: It’s a favorite pastime in this country – Americans love to complain about rising food prices. Even when they aren’t. In fact, given all of the complaining you would never know that average food price inflation in recent years is actually the lowest in several generations. Below are three reasons that Americans should stop whining about food prices, and be a little more appreciative of how affordable food is...
  • High gasoline prices push up U.S. consumer prices

    07/22/2014 5:49:00 AM PDT · by SoFloFreeper · 19 replies
    Reuters ^ | 7/22/14
    U.S. consumer prices rose in June as the cost of gasoline surged, but the overall trend continued to point to a gradual build up of inflationary pressures. The Labor Department said on Tuesday its Consumer Price Index increased 0.3 percent last month after May's 0.4 percent gain. Gasoline accounted for two-thirds of the rise in prices last month. In the 12 months through June, the CPI increased 2.1 percent after a similar rise in May.
  • If This Keeps Up, They Will Have To Start Putting Armed Guards On Food Trucks

    07/16/2014 5:24:54 PM PDT · by blam · 61 replies
    TEC ^ | 7-16-2014 | Michael Snyder
    By Michael Snyder July 16th, 2014 The basic necessities in life just keep getting more expensive. On Tuesday, Hershey announced that the price of all of their chocolate bars is going to go up by about 8 percent. That is particularly distressing to me, because I am known to love chocolate. But if it was just chocolate that was becoming significantly more expensive perhaps that would be okay. Last month, it was coffee. J.M. Smucker, one of the largest coffee producers in the United States, announced that it planned to raise coffee prices by about 9 percent. And Starbucks has...
  • US Dollar Purchasing Power Is Down 96%, British Pound Is Down 99% Since Creation of The Fed

    07/13/2014 8:55:02 AM PDT · by MRourke85 · 16 replies
    Confounded Interest ^ | 07/13/2014 | Anthony B. Sanders
    The Federal Reserve System in the United States was created by Congress in 1913 and signed into law by President Woodrow Wilson. Since its creation, the purchasing power of the US Dollar has declined 96%. purchasingpowerfed But according to a House of Commons Library Report entitled “Inflation: the value of the pound, 1750-2011,” RESEARCH PAPER 12/31 29 May, 2012, RP12-31 (1), the decline in purchasing power of the British Pound since 1913 equals 99%! poundpurchaepowe Note that the shape of the decline of purchasing power following the creation of the Federal Reserve System in the US are virtually identical. With...
  • The American Dream is alive but it will cost you $130k a year

    07/10/2014 2:17:48 PM PDT · by SeekAndFind · 30 replies
    Yahoo Finance ^ | 07/10/2014 | By Nicole Goodkind
    The American Dream has been a focal point and topic of debate since the financial crisis of 2008: citizens and politicians alike are asking whether it's time to redefine what success looks like in the U.S. According to Howard Gold, columnist for MarketWatch and founder of GoldenEgg Investing, the white picket fence and security that hard work can bring is still alive, but it will cost you... a lot. In a USA Today article, Gold calculated that for a family of four living out the American Dream costs just over $130,000 a year. "This isn’t about being rich,” Gold tells...
  • These Three Charts Show Inflation Is Finally Right Around The Corner

    07/07/2014 8:22:17 PM PDT · by Citizen Zed · 16 replies
    Business Insider ^ | 7-5-2014 | JOE WEISENTHAL
    1. Historically, when Capacity Utilization is as high as its now (suggesting not much industrial slack) the inflation rate has been much higher. 2. According to survey data from the National Federation of Independent Businesses, more and more companies are saying they can't find qualified applicants for job openings. 3. Survey data shows a big increase in the number of businesses who say they plan to raise wages in the future.
  • What's making US economy a world beater? 5 factors(How about those rising prices and taxes?)

    07/05/2014 9:49:57 PM PDT · by sickoflibs · 38 replies
    AOL news ^ | Jul 5th 2014 | PAUL WISEMAN
    How does the U.S. economy do it? Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the U.S. job market is humming, and the pace of economic growth is steadily rising. Five full years after a devastating recession officially ended, the economy is finally showing the vigor that Americans have long awaited. Last month, employers added 288,000 jobs and helped reduce the unemployment rate to 6.1 percent, the lowest since September 2008. June capped a five-month stretch of 200,000-plus job gains - the first in nearly 15 years. After having shrunk at a 2.9...
  • Obama Gets GDP Bassackward

    06/25/2014 6:14:31 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | June 25, 2014 | John Ransom
    This country is a bunch of lions led by donkeys, as the Germans said about the English Army in the first war. The latest Obama-related bray is the revised GDP numbers for the first quarter. Economists expected the economy to grow by 1.9% even after a discount for the cold weather. Instead the initial estimate saw a contraction of 1%. As we approached the revision to the initial estimate, we began hearing that perhaps things would be even worse in the next estimate. They were. The revision came in at a contraction of 2.9% for the first quarter. But...
  • Coffee Is About To Get More Expensive Everywhere

    06/21/2014 4:33:09 AM PDT · by blam · 53 replies
    BI, The Wire ^ | 6-21-2014 | DANIELLE WIENER-BRONNER
    DANIELLE WIENER-BRONNER, The WireJun. 20, 2014 Months after we all started fretting over the prospect of a global coffee shortage, it seems we might actually start to feel the caffeine-related effects of Brazil's massive drought and Central America's coffee fungus, in the form industry-wide retail price increases. The Washington Post reported back in February that coffee costs were expected to rise later in the year: For now, retail prices for coffee are stable. Roasters typically have enough supplies to cover themselves for a few months. But if the price of the Arabica (pronounced uh-RAB-ick-uh) beans continues to rise, consumers could...
  • Inflation? Only If You Look At Food, Water, Gas, Electricity And Everything Else

    06/20/2014 8:49:31 PM PDT · by george76 · 72 replies
    Zero Hedge ^ | 06/20/2014 | Tyler Durden
    Have you noticed that prices are going up rapidly? If so, you are certainly not alone. But Federal Reserve chair Janet Yellen, the Obama administration and the mainstream media would have us believe that inflation is completely under control and exactly where it should be. Perhaps if the highly manipulated numbers that they quote us were real, everything would be fine. But of course the way that the inflation rate is calculated has been changed more than 20 times since the 1970s, and at this point it bears so little relation to reality that it is essentially meaningless. Anyone that...
  • Sticker Shock: Food, Gas Prices Set to Go Higher

    06/19/2014 9:00:52 AM PDT · by xzins · 116 replies
    CBN ^ | June 19, 2014 | Caitlin Burke
    You don't have to be an expert to notice that costs for many essentials are at all-time high. From gas to food, Americans can expect to pay even more in coming months. The current national average for a gallon of gasoline is $3.67 -- that's higher than it's been since 2008. The higher prices are being blamed, in part, on the instability in Iraq. According to AAA, both gas prices and global oil prices have steadily risen since ISIS (Islamic State of Iraq and Syria) took control of Mosul last week. The brutal jihadist army is actually flying its flag...
  • US Gasoline Tax Increase Urged by Bipartisan Pair of Senators

    06/18/2014 5:08:56 PM PDT · by 2ndDivisionVet · 51 replies
    Two U.S. senators on Wednesday proposed raising federal gasoline and diesel fuel taxes by 12 cents a gallon [3.2 cents a liter] over the next two years to keep a road and bridge fund from going broke. The gasoline tax now stands at 18.4 cents a gallon, and the diesel tax at 24.4 cents a gallon. The politically sensitive levies have not been increased since 1993. The senators' plan faces an uphill fight this year, with congressional elections coming in November. Senators Bob Corker, a Republican, and Chris Murphy, a Democrat, called for the tax increase, with the new revenue...
  • Increasing Food Prices Threaten Middle Class

    06/18/2014 9:53:22 AM PDT · by LeoMcNeil · 39 replies
    Consumer prices are skyrocketing. The price of meat, poultry, fish and eggs was up 0.7% in May. The price of chicken is up 50% in the last decade. There are some mitigating factors in these price increases. The cattle herd isn’t very good this year and a pork virus has killed thousands of pigs. Nonetheless, with incomes stagnate price increases on staples such as meat and eggs is felt by the middle class. Consumer prices generally were up 0.4% in May after a 0.3% increase in April. Inflation has arrived after years of money printing at the Federal Reserve. (with...
  • Price of Electricity Hit Record for May

    06/17/2014 12:04:32 PM PDT · by george76 · 8 replies
    CNSNews ^ | June 17, 2014 | Terence P. Jeffrey
    The electricity price index and the average price for a kilowatthour (KWH) of electricity both hit records for May, according to data released today by the Bureau of Labor Statistics. The average price for a KWH hit 13.6 cents during the month, up about 3.8 percent from 13.1 cents in May 2013. The seasonally adjusted electricity price index rose from 201.431 in May 2013 to 208.655 in May 2014—an increase of about 3.6 percent. ... Per capita production of electricity in the United States peaked in 2007. Since then it has generally been on downward trend. In 2013, the U.S....
  • Inflation jumps 0.4% as costs rise for food, energy, other items

    06/17/2014 8:18:11 AM PDT · by SeekAndFind · 7 replies
    Los Angeles Times ^ | 06/17/2014 | JIM PUZZANGHERA
    Inflation unexpectedly jumped last month as higher prices for food, energy and other items pushed the annual rate above the Federal Reserve's preferred 2% target, the Commerce Department said Tuesday. The new data could lead central bank policymakers to act more quickly to raise rock-bottom short-term interest rates. The consumer price index rose 0.4%, the biggest monthly increase since February 2013, the Commerce Department said. The rise followed increases of 0.3% in April and 0.2% in March, a trend that mirrors improving economic data this spring. For the 12 months ended in May, the index was up 2.1%. That was...
  • What Keynes Has Done To Us

    06/17/2014 7:24:49 AM PDT · by Nelson Hultberg · 13 replies
    Americans for a Free Republic ^ | June 15, 2014 | Nelson Hultberg
    The essential economic problem we confront today is that our dominant Keynesian intellectuals have abandoned reality. They do not grasp what they have wrought with the mountainous loads of debt and malinvestment that are overwhelming us. Much of this burden must be liquidated before genuine demand and growth can be restored, which will require radical reform if we are to evoke a genuine cure. To try and solve today’s debt created crisis with more debt (as the Keynesians are presently doing) can only bring on a bigger bust the next time around, which will require still larger “debt injections” to...
  • The Madness Of Crowds And The Great Insanity (the coming economic collapse)

    06/08/2014 6:42:22 PM PDT · by Perseverando · 139 replies
    Zerohedge ^ | June 8, 2014 | Ty Andros
    Never in my 30+ year career as a market observer have I seen so many out on a limb which is about to be SAWED OFF. Those who live within the matrix are fully loaded for a recovery which is not and will not appear. Nominally the Main stream media can proclaim ECONOMIC recovery has arrived, point to the rising developed world stock markets, seemingly benign bond markets of all categories: sovereign, investment grade and Junk, Private equity, corporate buy backs and more have priced in “Happy Days are here again”. HFT, unrestrained leverage in a financially repressed world and...
  • The breakfast wars

    06/07/2014 2:29:48 AM PDT · by 2ndDivisionVet · 18 replies
    QSRWeb.com ^ | June 6, 2014 | Ed Zimmerman
    Up and down the foodservice spectrum, breakfast is heating up. Here are some recent developments: •Taco Bell introduced a breakfast menu trading on ubiquitous locations and a massive promo of the Waffle Taco. The Bell blitzed social media and took direct aim at rival McDonald’s, including an ad campaign making fun of Ronald the clown. •McDonald’s countered with an offer for free morning cup of McCafe and started promoting its McGriddle pancake wrapped breakfast sandwich. •Not to be forgotten, runner up, Burger King took a different approach, and announced it would serve burgers as well as breakfast fare each morning....
  • US Economy GDP Even Worse Than It Looks, Again

    05/30/2014 2:23:28 PM PDT · by blam · 14 replies
    The Market Oracle ^ | 5-30-2014 | John_Rubino
    May 30, 2014 - 10:21 AM John_Rubino As expected, the US revised the most recent quarter’s GDP from barely positive to sharply negative today. But once again the true extent of the problem was hidden by some statistical sleight of hand, in this case wildly-optimistic inflation assumptions. Here’s an excerpt from the Consumer Metrics Institute’s just-published analysis: May 29, 2014 – BEA Revises 1st Quarter 2014 GDP Sharply Downward to Outright Contraction at Nearly a 1% Annual Rate: In their second estimate of the US GDP for the first quarter of 2014, the Bureau of Economic Analysis (BEA) reported that...
  • We Told You We'd Be Talking About Inflation...

    05/27/2014 6:08:21 AM PDT · by blam · 28 replies
    BI ^ | 5-27-2014 | Joe Weisenthal
    Joe WeisenthalMay 26, 2014, 11:11 AM At the end of last year, we wrote a post titled: Pretty Soon We Need To Talk About Inflation. The argument was not that inflation was going to be a problem, or that the Fed needed to tighten rates, or anything like that. It simply pointed out that since the crisis, there's been no legitimate reason to even be discussing inflation, since there wasn't any. But that that was about to change. And indeed, here in 2014, there are indeed a lot of people talking about inflation. Morgan Stanley's Vincent Reinhart writes in a...
  • U.S. Food Inflation Running At 22%

    05/26/2014 7:12:08 PM PDT · by blam · 78 replies
    Brietbart ^ | 5-26-2014 | Chriss W. Street
    Chriss W. Street 26 May 2014 After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index for food is up by 10% this year. The DOA tried to blame food inflation on the drought conditions in California, but last year’s drought was worse and food prices fell by -6%. The real problem is Federal Reserve monetary stimulus is stimulating inflation. I reported in "Food Price Inflation Scares the Fed” two...
  • U.S. FOOD INFLATION RUNNING AT 22%

    05/26/2014 12:52:51 PM PDT · by kingattax · 102 replies
    Breitbart Big Government ^ | 26 May 2014 | by CHRISS W. STREET
    After five years of the federal government telling the public that despite a $3.5 trillion increase in monetary expansion, the inflation rate is below +2%, the Department of Agriculture (DOA) just warned the American public that the consumer price index for food is up by 10% this year. The DOA tried to blame food inflation on the drought conditions in California, but last year’s drought was worse and food prices fell by -6%. The real problem is Federal Reserve monetary stimulus is stimulating inflation. I reported in "Food Price Inflation Scares the Fed” two months ago that commodity food costs...
  • Chart of the Week: Is food too cheap for our own good?

    05/26/2014 6:09:15 AM PDT · by EBH · 52 replies
    Pew Research Center ^ | 5/23/2014 | Drew DeSilver
    As you scarf down burgers and potato salad this long Memorial Day weekend, consider this: Americans have the cheapest food in history, and that unprecedented abundance is largely responsible for why we’re so fat. According to a new article in CA: A Cancer Journal for Clinicians, Americans in the 1930s spent a quarter of their disposable income on food. That share has fallen steadily through the decades, to the point where today less than 10% of Americans’ disposable dollars go for food. (That varies across income groups, of course: The poorest 20% of Americans still spend about a third of...
  • Why Bitcoin Matters For Bankers

    03/16/2014 11:35:27 AM PDT · by TsonicTsunami08 · 56 replies
    American Banker ^ | March 16,2014 | Marc Hochstein
    Ask Alan Lane. In October, the president and CEO of Silvergate Bank in La Jolla, Calif., was up in Sacramento for a roundtable convened by the California Bankers Association and the state's Department of Business Oversight. Reading a laundry list of about a dozen issues on the department's radar, Commissioner Jan Lynn Owen mentioned Bitcoin — the Internet currency, payment system and technology that's been grabbing headlines, igniting controversy and inspiring innovation across the globe. Lane pricked up his ears, in part because the $616 million-asset Silvergate had been in discussions about banking a Bitcoin startup.
  • How Fractional Reserves and Inflation Cause Economic Inequality

    05/19/2014 4:41:24 PM PDT · by BfloGuy · 3 replies
    The Mises Institute ^ | 19 May 2014 | Andreas Marquart
    Mises Institute: How would you translate your new book’s title into English? Andreas Marquant: I would like to say The State Causes the Poverty It Later Claims to Solve. This is the title of my article on mises.org last December. An even better title could be The Austrian Answer to Thomas Piketty. MI: Your book addresses the issue of income inequality. Is income inequality a bad thing? AM: First of all, inequality and income inequality are natural phenomena because people are different. They all have different talents and that is a reason for the division of labor. It’s also a...
  • Dollar on the Brink of Disaster-John Williams

    05/19/2014 10:30:45 AM PDT · by GilGil · 25 replies
    USA WATCHDOG.COM ^ | 5/18/2014 | Greg Hunter
    So, with another “plunge” in the economy coming, how’s the dollar going to hold up? Williams explains, “You are not seeing an annual deficit of $400 or $500 billion dollars. You are really seeing something close to $6 trillion. That is beyond control, and it raises the question of long term solvency of the U.S. It is a big concern for the global markets. It’s really the reason why nobody outside the United States wants to hold the dollar. Now, look at the U.S. economy, it is turning down. Economic strength is a big factor in the value of a...
  • The Death of the Dollar Menu shows Fed's Wage Erosion

    05/13/2014 7:04:43 AM PDT · by SeekAndFind · 14 replies
    American Thinker ^ | 05/13/2014 | Nicholas Arnold
    “Got a buck? you’re in luck!” This jingle was a staple for you ever since your parents started giving you an allowance. At the time, you got maybe $5 a week to spend or save as you pleased. Although this was a fortune as far as you were concerned, a fiver tends to evaporate quickly, and your snack options were limited. One of the few exceptions to this was McDonalds. For just a dollar and change you could get a double cheeseburger or even hot fudge sundaes. Fast forward 5 years. You’re paying a lot for college, so the Dollar...
  • Gold falls on Yellen’s assessment of economy

    05/07/2014 1:08:09 PM PDT · by Olog-hai · 30 replies
    Associated Press ^ | May 7, 2014 3:37 PM EDT
    Gold is falling after Federal Reserve Chair Janet Yellen gave an upbeat assessment of the U.S. economy and said that inflation remains low. […] Yellen’s comments suggest that the Federal Reserve is set to continue reducing its economic stimulus, lessening the threat of rising prices. Investors typically buy gold as a hedge against inflation. …
  • Gold's Permanent Breakout

    04/29/2014 8:25:37 PM PDT · by publius321 · 5 replies
    You don't have to be on crack to believe the dollar isn't spiraling toward worthlessness but it would probably help if embracing that delusion were to be your goal. (Video-selfie)
  • A fading middle-class perk: lower mortgage rates

    04/25/2014 9:25:04 AM PDT · by Olog-hai · 21 replies
    Associated Press ^ | Apr 25, 2014 12:06 PM EDT | Josh Boak
    For three decades, the U.S. middle class enjoyed a rare financial advantage over the wealthy: lower mortgage rates. Now, even that perk is fading away. Most ordinary homebuyers are paying the same or higher rates than the fortunate few who can afford much more. Rates for a conventional 30-year fixed mortgage are averaging 4.48 percent, according to Bankrate. For “jumbo” mortgages—those above $417,000 in much of the country—the average is 4.47 percent. …
  • Keynesianism's Ugly Secret

    04/25/2014 8:27:03 AM PDT · by Nelson Hultberg · 15 replies
    Americans for a Free Republic ^ | April 17, 2014 | Nelson Hultberg
    It is now five years since the crash of 2008. Today's media and much of our academic crowd, of course, believe that the crisis has been handled, and that we can settle back to "business as usual." But such pundits are viewing only the trees, not the forest. They see correct Federal Reserve policy and legitimate fiscal policy on the part of the Federal Government. But this view comes from a false concept of economics and from a major failing of humans – their use of "euphemism" to flee from reality. For example, almost all of today's scholars and pundits...
  • The US Is Now A 'Rising Star' Of Global Manufacturing

    04/25/2014 6:10:43 AM PDT · by blam · 24 replies
    BI - Reuters ^ | 4-25-2014 | James B. Kelleher
    The US Is Now A 'Rising Star' Of Global Manufacturing James B. Kelleher, Reuters Apr. 25, 2014, 5:05 AM (Reuters) - Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure. The report, released on Friday by the Boston Consulting Group (BCG,) found that while China remains the world's No. 1 country in terms of manufacturing competitiveness, its position is "under pressure"...
  • Weapon of Last Resort: ECB Considers Possible Deflation Measures (European Central Bank)

    04/23/2014 7:01:40 PM PDT · by Olog-hai · 1 replies
    Der Spiegel ^ | April 23, 2014 – 06:18 PM | Christian Reiermann and Anne Seith
    One of European Central Bank President Mario Draghi’s most important duties is watching his mouth. One ill-considered utterance is enough to sow panic on the financial markets. But during a press conference earlier this month, Draghi allowed himself a telling slip. Speaking to gathered journalists at the Spring Meetings of the International Monetary Fund and the World Bank, Draghi twice almost uttered a word he has been at pains to avoid. “Defla…”, Draghi began, before stopping himself and continuing with the term “low inflation.”Yet despite Draghi’s efforts, the specter of deflation was omnipresent in Washington during the meetings. And it...
  • Behind the cornucopia of higher food prices

    04/20/2014 9:50:27 AM PDT · by 2ndDivisionVet · 41 replies
    CNBC ^ | April 19, 2014 | John W. Schoen
    Alert shoppers are accustomed to watching food prices go up and down. But a string of forces—from droughts to diseases—is raising the cost of a trip to the grocery store at a rapid clip. And it looks like it will be a while before the price pressure eases. Some of that pressure is coming from California—the source of roughly half the nation's fruits and vegetables—where a long-running drought is forcing farmers and ranchers to cut production. After the driest year on record, large sections of farmland are expected to lay fallow this year as the Golden State copes with an...
  • The 10 Fastest Rising Food Prices

    04/17/2014 10:58:45 AM PDT · by Oshkalaboomboom · 35 replies
    24/7 Wall Street ^ | April 17, 2014 | Alexander E.M. Hess and Thomas C. Frohlich
    Food prices at the grocery store are up, following an increase in production costs and wholesale prices. In March, retail food prices rose 0.4% from the preceding month, matching February’s increase. These marked the largest monthly gains in food prices since September 2011, according to data from the Bureau of Labor Statistics. Food prices are often volatile and are affected by a number of factors. While certain factors reflect human decision — such as the changing tastes of consumers and farmers’ planting choices — others are forces over which farmers have very little control. Issues such as weather conditions and...
  • Soaring Food Inflation Full Frontal: Beef, Pork And Shrimp Prices Soar To Record Highs

    04/17/2014 6:29:53 AM PDT · by SoFloFreeper · 34 replies
    We previously noted that both beef and pork (courtesy of the affectionately named Porcine Epidemic Diarrhea virus) prices have been reaching new all time highs on an almost daily basis. It is time to update the chart. Below we show what a world in which the Fed is constantly lamenting the lack of inflation looks like for beef prices...
  • Shrimp Is Big. Now It's Sick. And Really Expensive [Link Only]

    04/16/2014 9:46:17 AM PDT · by C19fan · 16 replies
    Bloomberg [Link Only] | April 15, 2014 | Leslie Patton
    link only: http://www.bloomberg.com/news/2014-04-11/nsa-said-to-have-used-heartbleed-bug-exposing-consumers.html
  • CORE INFLATION UNEXPECTEDLY RISES

    04/15/2014 5:58:37 AM PDT · by blam · 49 replies
    BI ^ | 4-15-2014 | Matthew Boesler
    CORE INFLATION UNEXPECTEDLY RISES Matthew BoeslerApril 15, 2014, 8:30 AM      Inflation unexpectedly accelerated in March due to increased costs of food and shelter, according to just-released data from the U.S. Bureau of Labor Statistics. Both the headline consumer price index and the "core" price index (which excludes food and energy prices) advanced 0.2% in March from the previous month, ahead of consensus estimates for a 0.1% rise in both series, matching February's pace. The year-over-year change in the core index rose to 1.7% from 1.6%, while the year-over-year change in the headline index was boosted...
  • The Truth About Buying Gold And Silver

    04/12/2014 10:48:13 PM PDT · by Petro · 69 replies
    Cutting Through The Fog ^ | April 11, 2014 | George B
    Friday, April 11, 2014 The Truth About Buying Gold And Silver Every day, the radio airways and cable news broadcasts are filled with advertising from "gold bug" companies who are trying to convince you to buy both gold and silver. There are dozens of them: Goldline, Lear Capital, Rosland, Merit, and so on. All of whom claim that, by holding these precious metals, you are being protected against inflation as a result of massive government spending and the devaluation of the dollar, or, protected against another recession, depression, or stock market crash. The problem is that all of those claims...
  • Producer inflation accelerates in March

    04/11/2014 12:09:56 PM PDT · by 1rudeboy · 5 replies
    Reuters ^ | Fri Apr 11, 2014 | Lucia Mutikani
    (Reuters) - U.S. producer prices recorded their largest increase in nine months in March, but that jump will probably not ignite inflation pressures as economic growth remains moderate. The Labor Department said on Friday its seasonally adjusted producer price index for final demand increased 0.5 percent last month, after slipping 0.1 percent in February. The increase last month, which was the largest since June last year, reflected a surge in the prices of food and trade services. "Will inflation accelerate? Probably, but not rapidly," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania. "Growing demand should stabilize...
  • The State Of The Big Four Recession Indicators

    04/04/2014 4:36:57 PM PDT · by blam · 7 replies
    BI - Advisor Perspetives ^ | 4-4-2014 | Doug Short, Advisor Perspectives
    The State Of The Big Four Recession Indicators Doug Short, Advisor Perspectives April 4, 2014, 6:25 PM Note from dshort: This commentary has been revised to include today's release of the March Nonfarm Employment data.Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs heavily in their cycle identification process. They are: Industrial...