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21%  
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Keyword: inflation

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  • 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...
  • CBO: Treasury to run out of cash in next 3 days, leading to default or delay in payments.

    06/30/2017 2:11:36 AM PDT · by gattaca · 39 replies
    Free Beacon ^ | Jun e30, 2017 | Ali Meyer
    The amount of money the government spends on programs and the amount it collects in taxes could change from the budget office projections, so the office warns that the Treasury could run out of funds even earlier. Currently, the federal deficit stands at $693 billion, which is an increase of $134 billion than what it projected in January. The federal government has an outstanding debt of $19.8 trillion, which includes $14.3 trillion in public debt and $5.5 trillion held by government accounts. Spending on major government programs such as Social Security and Medicare causes the amount of borrowing to increase....
  • Legislation seeks to eliminate $1 Federal Reserve note, Lincoln cent

    03/31/2017 8:19:18 PM PDT · by Tolerance Sucks Rocks · 90 replies
    Coin World ^ | March 31, 2017 | Bill McAllister
    Advocates of abolishing the $1 Federal Reserve note are at it again, this time hoping that President Donald Trump and conservative Republicans will finally side with their three-pronged approach to revamping the nation’s currency system. Under S. 759, introduced March 29 by Sens. John McCain, R-Ariz., and Mike Enzi, R-Wyo., the government would end production of the $1 Federal Reserve note, revise the composition of the 5-cent coin, and suspend production of 1-cent coins. While the draft legislation calls for an end to paper dollar notes and the cent, it is silent on dollar coin production. Backers of the legislation...
  • Should the United States Abandon the Federal Reserve System?

    03/09/2017 8:07:43 PM PST · by Tolerance Sucks Rocks · 54 replies
    Economics Wire ^ | March 9, 2017 | Viliyana Filipova / Mr. Conrad
    The Federal Reserve gives us the freedom to buy things now that we would otherwise have to wait for.In looking at the Federal Reserve, it is important to note that this is a money system, not just a group of people sitting in a conference room controlling everything having to do with the US dollar. The Fed is a system just like the government of the US is a system. What that means is that no one controls it, and that it is much bigger than any one person or group of people could ever control. They can guide it,...
  • Audit finds huge cost overruns at Wisconsin DOT, some road project costs triple

    02/19/2017 9:58:17 PM PST · by Tolerance Sucks Rocks · 17 replies
    FOX 6 Now ^ | January 26, 2017 | Theo Keith
    <p>MADISON -- A new audit shows huge cost overruns at the Wisconsin Department of Transportation, with dozens of projects costing double or triple their original estimates.</p> <p>The Legislative Audit Bureau report finds that estimated costs for 19 major projects completed between 2006 and 2016 were $1.5 billion, double the initial projection. The audit also finds that the estimated costs of 16 ongoing major highway projects have increased by $3.1 billion.</p>
  • US wholesale inflation sees biggest monthly gain in 4 years

    02/14/2017 6:33:05 AM PST · by Leaning Right · 11 replies
    Yahoo ^ | February 14, 2017 | AFP
    US wholesale inflation continued its upward trend in January, recording its largest monthly gain in more than four years, according to data released Tuesday by the Labor Department. The Producer Price Index, which measures prices from the seller's perspective, rose 0.6 percent in seasonally adjusted figures, which was the largest such gain since September 2012 and well above an analyst consensus forecast of 0.3 percent.
  • David Rosenberg Crushes The Trump-flationary Dream: "That's Just Not Gonna Happen"

    01/29/2017 3:55:00 PM PST · by blam · 4 replies
    Zero Hedge ^ | 1-29-2017 | Tyler Durden
    "It seems to me like a lot of people think we're in a new inflationary boom," but, warns Gluskin-Sheffs David Rosenberg, "the answer is no... that's just not gonna happen. It's not like Ronald Reagan at all in that regard." Submitted by Patrick Ceresna via Macrovoices.com*This time around, not only are valuations at 15-year highs but we're entering it into the eighth year of the expansion of the bull market. You have to respect where were you are in the market cycle in the business expansion and we're much more mature now than we were in that early stage of...
  • Why Venezuela's socialist meltdown COULD actually happen in the US

    01/25/2017 7:35:16 PM PST · by Tolerance Sucks Rocks · 17 replies
    Conservative Review ^ | January 25, 2017 | Logan Albright
    There’s a predictable checklist for meltdowns in socialist countries, and it’s playing out with tragic regularity in Venezuela. Nationalize agriculture? Check. Start government-enforced rationing when the food supply dries up? Check. Seal the border when people try to flee to buy food elsewhere? Check. The next step, and usually one of the last before total collapse, is runaway inflation. That’s what we’re starting to see in Venezuela. Rapid inflation, called hyperinflation by economists when it gets really bad, is one of the deadliest poisons for any economy. The spiral is usually triggered when a government prints too much money to...
  • Why Government Solutions Usually End In Inflation

    01/03/2017 7:22:57 PM PST · by OddLane · 6 replies
    Mises Wire ^ | January 3, 2016 | Ludwig Von Miss
    An essential element of the “unorthodox” doctrines, advanced both by all socialists and by all interventionists, is that the recurrence of depressions is a phenomenon inherent in the very operation, of the market economy. But while the socialists contend that only the substitution of socialism for capitalism can eradicate the evil, the interventionists ascribe to the government the power to correct the operation of the market economy in such a way as to bring about what they call “economic stability.” These interventionists would be right if their antidepression plans were to aim at a radical abandonment of credit expansion policies....
  • The United States might be the next Argentina

    12/22/2016 5:41:53 PM PST · by utford · 33 replies
    Washington Post ^ | 12/22/2016 | Washington Post
    Argentina could have been the United States. Like the U.S., it was one of the world's 10 richest countries at the turn of the last century. And also like the U.S., that made it a New World magnet for Old World immigrants. But unlike the U.S., that was as good as it ever got. There was no Argentinian Dream. Just a nearly never-ending nightmare of either falling behind gradually or falling behind suddenly. All of which was self-inflicted. ..... The point is that nothing is inevitable. The arc of the political universe is long, and it doesn't have to bend...
  • Back When I was a Boy

    12/15/2016 11:23:12 AM PST · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 12/15/16 | Dr. Robert Owens
    When we see our grandchildren crying because they think someone might have looked at them crossways we wonder about the fate of the Republic. I think one of the hardest things about growing old is that you can remember what a pound of hamburger cost fifty years ago ($.45), so when the government assures us over and over there is no inflation we sort of get a disconnect going that seeps into many different areas of our lives. Wise men say that History repeats itself. Those who have studied the facts and lived long enough to get a seasoned perspective...
  • Inflation-hit Venezuela to pull largest bill from circulation (the 100 bolivar=2cents)

    12/11/2016 4:58:26 PM PST · by dynachrome · 23 replies
    Reuters ^ | 12-11-16 | Girish Gupta
    Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said on Sunday. The surprise move, announced by Maduro during an hours-long speech, is likely to worsen a cash crunch in Venezuela. Maduro said the 100-bolivar bill will be taken out of circulation on Wednesday and Venezuelans will have 10 days after that to exchange those notes at the central bank. Critics slammed the move, which Maduro said was needed to combat...
  • Venezuela to introduce bigger bills amid soaring inflation

    12/05/2016 7:18:56 AM PST · by C19fan · 20 replies
    DW ^ | December 5, 2016 | Staff
    Venezuela will introduce six new bills ranging from 500 to 20,000 bolivars, the OPEC nation's central bank said in a statement on Sunday. Currently, the largest-denominated Venezuelan note is 100 bolivars (9.4 euros), which is worth just around two US cents on the black market. A two-liter soft drink bottle can cost 25 times that amount.
  • Venezuela’s currency is dying

    11/05/2016 6:52:36 AM PDT · by C19fan · 10 replies
    Washington Post ^ | November 4, 2016 | Matt O'Brien
    To paraphrase noted economic expert Obi-Wan Kenobi, many of the truths we cling to about currencies really do depend greatly on our own point-of-view. Take Venezuela. The good news is that, if you look at it over a long enough timeline, its currency hasn't changed much the past month. The bad news, though, is that's because it's gone from being almost worthless to almost entirely worthless. And the worse news is that it's actually lost over a third of its value during this stretch.
  • Venezuelans Give Up on Counting Piles of Cash and Start Weighing Them [Bloomberg Link Only]

    10/31/2016 7:58:38 AM PDT · by C19fan · 10 replies
    Bloomberg [Link Only] ^ | October 31, 2016 | Fabiola Zerpa and Andrew Rosati
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  • This Big Surprise Will Make Next Week Fed's Interest-Rate Meeting A Lot More Interesting

    09/19/2016 5:42:46 AM PDT · by expat_panama · 5 replies
    http://fortune.com/2016/09/16/interest-rates-inflation-fed/ ^ | September 16, 2016, 4:28 PM EDT | Chris Matthews
    If you’ve noticed the prices of of everyday goods are on the rise, you’re not alone. On Friday the Labor Department announced that the core consumer price index (CPI)—which strips out volatile food and energy costs—rose 2.3% over the past 12 months, up from 1.8% one year ago. “The data help the case for Fed tightening,” writes Jim O’Sullivan, chief U.S. economist for High Frequency Economics. The futures market concurs. It is indicating that the chance of a rate high at or before the Fed’s December meeting is above 50% for the first time in months. But some analysts are...
  • Health care costs rise by most in 32 years

    09/16/2016 2:18:21 PM PDT · by Zakeet · 37 replies
    CNN ^ | September 16, 2016 | Patrick Gillespie
    Prices for medicine, doctor appointments and health insurance rose the most last month since 1984. The price increases come amid a broader debate about climbing health care costs and high premiums for Obamacare coverage. [Snip] Medical care costs altogether rose 1% just in August from July, according to the Consumer Price Index, a report on price inflation from the U.S. Labor Department.
  • Hyperinflation Versus Deflationary Collapse

    09/08/2016 6:35:13 AM PDT · by blam · 16 replies
    TMO ^ | 9-8-2016 | Darryl_R_Schoon
    Darryl R Schoon August 8, 2016 If the thunder don’t get you, then the lightning will… The Grateful Dead, The Wheel(lyrics) In the world of phenomena, everything has a beginning and an end; and today, the bankers’ endgame is moving closer to its inevitable resolution and demise. The question is no longer if, it is when and how. The relationship between paper money and gold is causal in central banking’s collapse. When paper money was backed by gold, it (1) gave the bankers’ paper money its value and (2) constrained the ability of governments to print limitless amounts of money,...
  • Why oil prices just stampeded into bull-market territory

    08/18/2016 4:42:04 PM PDT · by BlackVeil · 30 replies
    MarketWatch ^ | Aug 18, 2016 | Myra Saefong
    Oil prices officially charged into a bull market Thursday as the prospect of an output freeze by major producers, data showing the first weekly fall in U.S. crude supplies in a month, and a decline in the dollar boosted prices. Crude-oil prices have advanced more than 20% from their Aug. 2 low over the past several sessions...September West Texas Intermediate crude CLU6, +0.23% climbed by $1.43, or 3.1%, to settle at $48.22 a barrel
  • Fed officials eye interest rate hike this year (DEFLATION AND FED HIKES RATES!)

    08/17/2016 3:14:45 AM PDT · by expat_panama · 18 replies
    reuters ^ | August 16, 2016 | Business News
    The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. economic growth in the first half of 2016. New York Fed President William Dudley said "it's possible" to raise rates at the Sept. 20-21 policy meeting given evidence of wage gains and a tighter labor market that could boost inflation, while Dennis Lockhart of the Atlanta Fed said a hike next month is in play. The comments, which prompted investors to boost bets on...