Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $76,948
87%  
Woo hoo!! And now over 87%!! Less than $11.1k to go!! Let's git 'er done!! Thank you all very much!!

Keyword: inflation

Brevity: Headers | « Text »
  • Venezuela's Currency Is Now So Worthless That People Are Using It As Napkins

    08/18/2015 3:12:26 AM PDT · by blam · 11 replies
    BI ^ | 8-17-2015 | Mike Bird
    Mike BirdAugust 17,2015 There's an image going round that sums up just how ridiculous Venezuela's economy has become. A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada. According to Venezuela's official bolivar-dollar exchange rate, the man using his money as a napkin is wasting about $0.31 (£0.20). But on the black market, the reality is completely different. You can get 676.88 bolivars to the dollar, according to dolartoday.com. That means holding food with a 2 bolivar note costs the holder less than a third of one US cent.(snip)
  • Inflation alive and well in the service sector

    08/14/2015 7:08:59 PM PDT · by BenLurkin · 2 replies
    cnbc ^ | John W. Schoen
    Led by a steep slide in energy prices over the last 12 months, prices of a wide range of global raw materialsóeverything from iron ore to sugaróhave been falling lately. That's prompted fears that deflation may worsen a global economic slowdown. But in the U.S., those fears overlook the long-term growth of services, where price trends have been very different. ... Falling prices are usually a sign that demand from companies and consumers is weak and that the economy may be hitting a soft spot. But when the price of services is taken into account, inflation seems less tame than...
  • Fed 'close' to hiking rates, economy near normal: Lockhart

    08/10/2015 12:38:48 PM PDT · by SoFloFreeper · 22 replies
    Reuters ^ | 8/10/15
    Economic conditions in the United States have largely returned to normal and a Federal Reserve decision to raise interest rates should come soon, Atlanta Fed President Dennis Lockhart said on Monday.... "The economy has made great gains and is approaching an acceptable normal ... conditions are no longer extraordinary." He later told journalists he was "very disposed" to a rate increase at the Fed's September policy meeting,
  • I Sure Am Glad There's No Inflation

    08/05/2015 10:02:49 AM PDT · by RedMominBlueState · 41 replies
    Oftwominds.com ^ | August 5, 2015 | Charles Hugh Smith
    I sure am glad there's no inflation, because these "stable prices" the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt. Those of us outside the inner circles of power are glad there's no inflation, because we'd rather get more for our money (deflation) rather than less for our money (inflation). You know what I mean: the package that once held 16 ounces now only holds 13 ounces. A medication that once cost $79 now costs $79,000. (This is a much slighter exaggeration than you might imagine.) Despite all these widely known examples of rampant inflation,...
  • Raising interest rates with zero inflation is a hard sell

    08/05/2015 6:10:02 AM PDT · by expat_panama · 50 replies
    Yahoo Finance ^ | Wed, Aug 5, 2015 | Mike Dolan
    LONDON (Reuters) - Americans and Britons bracing for their first interest rate rises in almost a decade are puzzled: why are rates about to go up when there's no inflation? Both the Federal Reserve and Bank of England are proclaiming that they are on the cusp of raising interest rates for the first time in almost a decade. It may take a few months, but the message they are sending still heavily-indebted households either side of the Atlantic is clear: 'be warned'. It's not hard to see why near-zero interest rates should be 'normalized' when you do a quick economic...
  • Life is getting tougher for renters, as rent hikes outpace wage gains

    08/03/2015 9:17:46 PM PDT · by 2ndDivisionVet · 91 replies
    The Orange County Register ^ | August 3, 2015 | Jeff Collins
    New evidence surfaced last week showing that life is getting worse for Americaís renters, two news reports said. The Associated Press and Wall Street Journal did a mash-up of two economic reports demonstrating that monthly rents are rising faster than incomes. The online real estate site Zillow.com reported that rents increased 4.3 percent in June from a year earlier in the nation as a whole (and 3 percent in Orange County). Thatís double Juneís average hourly wage increase of 2 percent reflected in government data, the news outlets reported. ďRents are insanely unaffordable on a historical basis in the United...
  • From rents to haircuts, Americans start to feel price increases

    08/02/2015 4:12:58 PM PDT · by BenLurkin · 61 replies
    ap ^ | Christopher S. Rugaber
    Apart≠ment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For consumers who have become used to flat or even falling prices for years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.
  • Inflation deniers emboldened by gold's struggles

    07/28/2015 9:08:00 PM PDT · by BenLurkin · 6 replies
    resourceinvestor.com ^ | July 28, 2015 | Clint Siegner
    The deflationists argue that hugely accommodative monetary policy in the U.S., Japan (and nearly everywhere else in the world) has failed to produce real growth. Debt and obligations to social programs such as Medicare and pensions are so massive they canít be paid. Therefore, according to deflation forecasters, they wonít be. Their predictions of default and accompanying bank failures, bankruptcies, and surging unemployment were bolstered by recent news out of Greece. Falling commodity prices and economic malaise have reemerged. They claim zero interest rate policy and quantitative easing merely delayed the inevitable for a bit. The inflation camp shares the...
  • Of Presidents and Presidencies, and Things Presidential

    07/24/2015 8:15:53 AM PDT · by jfd1776 · 2 replies
    Illinois Review ^ | July 24, 2015 A.D. | John F. Di Leo
    We worry about our presidential primary process. Some wonder why. Some believe that we worry too much, and it all fixes itself in time; why get so worked up? Be patient, they say, the primaries will handle it, and then comes the election, donít worry so much. And if youíre not in an early primary state, you have no effect anyway, so youíre better off saving your energy and just watching TV or going to a game. So weíre told, especially by friends and acquaintances who just donít think it all matters that much, and who wonder why weíre willing...
  • Forget gold, the sugar price collapse is far more dramatic [deflation, not debasing]

    07/22/2015 4:13:03 AM PDT · by expat_panama · 32 replies
    UK Telegraph ^ | 21 Jul 2015 | John Ficenec
    Things are not so sweet for the sugar market. Prices have been tumbling and reached a six-year low on Monday on news that Brazil's cane growers are in for a bumper harvest. But while gold made the headlines, the dramatic fall in the sugar price was widely overlooked, despite closing down 4.4pc, compared with a 2.3pc slump in the price of bullion. Over the past year alone, sugar prices have fallen by a quarter. So why has everything turned sour? Bumper Harvest Monday's sharp price drop was driven by signs that Brazil, the world's biggest producer of sugar, is on...
  • Cosmic Inflationís Five Great Predictions

    06/22/2015 1:20:00 PM PDT · by LibWhacker · 15 replies
    Medium.com ^ | 6/17/15 | Ethan Siegel
    Cosmic Inflation¬ís Five Great Predictions A ¬ďspeculative¬Ē theory no more; it¬ís had four of them confirmed. Image credit: Max Tegmark / Scientific American, by Alfred T. Kamajian. ¬ďScientific ideas should be simple, explanatory, predictive. The inflationary multiverse as currently understood appears to have none of those properties.¬Ē -Paul Steinhardt, 2014 When we think about the Big Bang, we typically think about the origin of the Universe: the hot, dense, expanding state where everything came from. By noticing and measuring the fact that the Universe is expanding today‚Ää¬ó‚Ääthat the galaxies are getting farther apart from one another in all directions‚Ää¬ó‚Ääwe...
  • Avi Gilburt doubles down: Gold is going to $25,000

    06/12/2015 5:09:07 PM PDT · by ForYourChildren · 33 replies
    MarketWatch ^ | June 12, 2015 | Avi Gilburt
    Last week I wrote a column on MarketWatch that seems to have stirred quite a bit of debate. Within the column, I was pointing to the potential for a multi-decade rally to be seen in the metals and mining stocks. It seems many of you had very strong feelings that this was simply not possible. Over the next few weeks, I will attempt to address the concerns many of you have presented in your comments to my piece.
  • The Fed Has Been Horribly Wrong, Deutsche Bank Admits-Dares To Ask If Yellen Planning Housing Crash

    06/01/2015 9:08:14 AM PDT · by tcrlaf · 26 replies
    Zerohedge ^ | 6-1-2015 | Durden
    The reason why Zero Hedge has been steadfast over the past 6 years in its accusation that the Fed is making a mockery of, and destroying not only the very fabric of capital markets (something which Citigroup now openly admits almost every week) but the US economy itself (as Goldman most recently hinted last week when it lowered its long-term "potential GDP" growth of the US by 0.5% to 1.75%), is simple: all along we knew we have been right, and all the career economists, Wall Street weathermen-cum-strategists, and "straight to CNBC" book-talking pundits were wrong. Not to mention the...
  • Venezuelan currency tanks; inflation seen near 100%

    05/14/2015 3:09:53 PM PDT · by Oldeconomybuyer · 29 replies
    CNBC ^ | May 14, 2015 | by Katy Barnato
    Venezuela's black market exchange rate weakened below a key level on Thursday, as the bolivar's decline steepened in the face of hyperinflation and a rapidly shrinking economy. Over the past couple of years the value of the currency has plummeted against the dollar to its present 300 bolivar level. In 2012, a dollar would get you 10 bolivars, according to unofficial exchange rates. By the time President Nicolas Maduro was inaugurated in April 2013, it was 24 bolivars to the dollar and by this January it was at 173. This black market rate of 300.72 on Thursday was almost 50...
  • The Only Three Things I Called That Have Not Yet Happened

    04/29/2015 10:09:19 AM PDT · by SatinDoll · 104 replies
    Barnhardt.biz ^ | April 29, 2015 | Ann Barnhardt
    So, beginning in [ARSH]sic 2008 when it became clear that the Constitutional Republic was in the process of being overthrown in a cold putsch, and then forward as I continued to blog here, I called a series of things, in no particular order, except for the last three, which are obviously end-game events, and thus placed at the end of the list: 1. Reformation of the Islamic Caliphate facilitated by the Washington DC regime 2. Total economic war executed by the Washington DC regime against the American people, specifically the Cloward-Piven Strategy, namely driving as many people as possible out...
  • Munger says prepare for harder world as buying power slides

    03/26/2015 6:56:13 AM PDT · by ckilmer · 12 replies
    theedgemarkets ^ | March 26, 2015 : 4:47 PM MYT
    Munger says prepare for harder world as buying power slides ¬† ¬† | March 26, 2015 : 4:47 PM MYT ¬†¬† Share on facebook Share on twitter (Mar 26): Charles Munger, who became a billionaire while helping Warren Buffett build Berkshire Hathaway Inc., predicted it‚Äôs going to get tougher for consumers to maintain their standard of living in coming decades.‚ÄúWe should all be prepared for adjusting to a world that is harder,‚ÄĚ Munger, 91, said Wednesday at an event in Los Angeles, in response to a question about the increase in the size of the Federal Reserve‚Äôs balance sheet since...
  • Obamacareīs Amazing Wayback Clause

    03/23/2015 3:31:59 AM PDT · by rootin tootin · 4 replies
    American Spectator ^ | 3/23/2015 | David Catron
    Obamacareís boosters have made so many implausible assertions about its supposed successes that itís difficult to single out one as the most preposterous. But any list of their most comical claims would have to include those involving the lawís ďwayback clause.Ē Havenít heard of that one? Well, like the provision authorizing the IRS to issue subsidies via federal exchanges, itís absent from PPACAís text. Nonetheless, its efficacy is routinely touted by Obamacareís proponents as proof that ďreformĒ works. The most celebrated effect of this amazing provision is its retroactive reduction of medical inflation during the years preceding the lawís implementation....
  • Fiat Currency and German Bonds

    03/14/2015 4:09:33 AM PDT · by OwenKellogg · 10 replies
    The American Thinker ^ | March 12, 2015 | Francis X. Ryan
    ~snip~ Germany was able to sell $3.72 billion of five-year bonds at a negative interest rate of .08%. In essence those who lent Germany this money were willing to pay the German government for the privilege of the government holding the investorís funds for 5 years. The move reflects, in reality, that investors are more concerned about the return of principle than the return on principle. ~snip~ The disastrous consequences of the current economic policies allow negative interest rates to occur. Negative interest rates are a clear sign of an impending deflationary spiral. ~snip~ Just as the housing market and...
  • Only 6% of Americans who make over $100,000 say they're upper class

    03/05/2015 7:23:46 AM PST · by SeekAndFind · 40 replies
    Business Insider ^ | 03/05/2015 | Pamela Engel
    Very few people in America are willing to identify as upper class, according to a new Pew Research Center survey.About 94% of people in that income bracket (over $100,000) identified as middle class, upper middle class, or lower middle class while only 6% called themselves upper class.Here are the results of the survey:Pew Research Center While a family of three with an income of up to $122,000 is still considered "middle income," the over-$100,000 range also includes families with much higher salaries than that.Pew Research Center And although only 6% of survey respondents identified as upper class, Pew's data shows...
  • Another Recession is on the way

    02/28/2015 9:43:53 AM PST · by Kaslin · 22 replies
    Townhall.com ^ | February 28, 2015 | Mike Shedlock
    In 2006-2007 I called for a recession. We got a big one. I called for another one in 2011, as did the ECRI. That recession never happened. 50% is not a very good recession predicting track record except in comparison to consensus economic opinions that have never once in history predicted a recession. Consensus opinion is batting a perfect 0.00% Investigating the Record By the way, the ECRI was late in calling the recession of 2007. They still deny it. And questions regarding the 2001 recession and ECRI have still not been answered. I have talked about all of this...
  • The Fed Waited Too Long: Here Comes Inflation

    02/27/2015 11:07:24 AM PST · by blam · 42 replies
    EcoMatters - TMO ^ | 2-27-2015 | EcoMatters
    EcoMatters February 26, 2015 CPI Core Shows Inflation The drop in energy prices, had the knee jerk reaction that we were in a deflationary spiral, again markets get many things wrong on first blush. The drop in energy prices is inflationary in the overall economy, and today`s CPI report showed what a sophisticated analysis would forecast regarding inflation and the role that low energy prices play in the overall inflation equation. We are going to have a transfer from the food and energy components which rely heavily on energy costs into the core inflation reading as consumers have more money...
  • The Hyperinflation Hype: Why the U.S. Can Never Be Weimar

    02/25/2015 10:26:02 AM PST · by ChildOfThe60s · 32 replies
    The Atlantic ^ | March 21, 2012 | Matthew O'Brien
    How are the United States' historic budget deficits, money-printing and depressed economy any different from the country's that have experienced hyper-inflation? The three-part answer is:(1) we don't have any problems selling our debt(2) we aren't actually printing money; and (3) the United States is a highly productive economy that is nothing like bombed-out Budapest.
  • Hyperinflation To Start in 2015: Economist Says Get Supplies : ďGold, Silver, Canned Goods...

    02/19/2015 6:50:53 PM PST · by blam · 76 replies
    SHTF Plan ^ | 2-9-2015 | Mac Slavo - John Williams
    Mac Slavo February 19th, 2015Itís impossible to predict when and how our economy will finally reach a breaking point, but according to contrarian Shadow Stats economist John Williams itís coming one way or the other. The only thing we can do now is to prepare for it and that means stockpiling critical supplies, just like you might for an earthquake or snowstorm, but in larger quantities. Because, if and when hyperinflation starts people will quickly realize that their dollars are worthless. And as we have seen time and again, and most recently in Russia, when a currency rapidly loses its...
  • Why Oil Prices Must Go Up

    02/18/2015 4:31:56 AM PST · by thackney · 57 replies
    Real Clear Energy ^ | February 18, 2015 | Nick Cunningham
    It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. While analyzing the short-term trajectory of oil prices is certainly important, it obscures the fact that over the long-term, oil exploration companies may struggle to bring new sources of supply online. Ed Crooks over at the FT persuasively summarizes the predicament. Crooks says that 2014 is shaping up to be the worst year in the last six decades in terms of new oil discoveries (based on...
  • Japan's Recession Is Over

    02/15/2015 4:22:40 PM PST · by blam · 13 replies
    BI ^ | 2-15-2015 | Leika Kihara and Tetsushi Kajimoto, Reuters
    Leika Kihara and Tetsushi Kajimoto, Reuters Februry 15, 2015 TOKYO (Reuters) - Japan's economy rebounded from recession to grow an annualized 2.2 percent in the final quarter of last year, giving a much-needed boost to premier Shinzo Abe's efforts to shake off decades of stagnation even as the global outlook deteriorates. But the expansion was smaller than a 3.7 percent increase forecast in a Reuters poll, suggesting a fragile recovery for the world's third-largest economy as consumer mood remained soft and uneven global growth weighed on exports. Still, the return to growth will allow the Bank of Japan to hold...
  • Inflation in Russia is so crazy that officials are considering price controls

    02/04/2015 4:14:25 AM PST · by elhombrelibre · 19 replies
    Business ^ | 3 Feb 15 | Elena Holodny
    Food prices are out of control in Russia. So now, Russian officials are even thinking about putting a price cap on "essential food products," reports the Moscow Times. "We will see how to efficiently place [the restrictions] into law," the deputy prime minister Arkady Dvorkovich said. He also added that the government may give "the state competition watchdog more power in enforcing existing retail market regulations," reports the Moscow Times.
  • Prices For Diapers And Tampons Are Skyrocketing In Russia

    02/04/2015 8:33:11 AM PST · by blam · 23 replies
    BI ^ | 2-4-2015 | Sarah Kaufman, Vocativ
    Sarah Kaufman, Vocativ Febuary 4, 2015Thanks to the sharp decline in the rubleís value, RBK reports that certain large packs of Procter & Gamble active baby diapers, as well as most of the companyís feminine products, menís razors and toothpaste, will see a price hike of 50 percent. Starting March 7, Russians will have to pay around 2,650 rubles ($40) instead of the current list price of 1,767 rubles ($25) for a value pack of 186 Pampers. Considering Procter & Gamble accounted for almost 37 percent of diaper sales in Russia in 2013, that cost increase will affect hundreds of...
  • Inflation In Russia Is So Crazy...Price Controls On 'Essential Food Products'

    02/03/2015 6:55:42 AM PST · by blam · 17 replies
    BI ^ | 2-3-2015 | Elena Holodny
    Elena Holodny Feburary 3, 2015Food prices are out of control in Russia. So now, Russian officials are even thinking about putting a price cap on "essential food products," reports the Moscow Times. "We will see how to efficiently place [the restrictions] into law," the deputy prime minister Arkady Dvorkovich said. He also added that the government may give "the state competition watchdog more power in enforcing existing retail market regulations," reports the Moscow Times. What exactly counts as an "essential food product" is unclear at the moment. (snip)
  • Global economy hopes raised after European stimulus

    01/24/2015 10:50:50 PM PST · by Tolerance Sucks Rocks · 18 replies
    12 News ^ | January 25, 2015 | Pan Pylas
    DAVOS, Switzerland (AP) - The global economic outlook just got brighter after this week's big stimulus from the European Central Bank, leading policymakers from around the world said Saturday. In a panel at the World Economic Forum in Davos, they said a perkier Europe, coupled with a prolonged period of low oil prices, could help shore up the global economy following a period of underperformance that has prompted many forecasters to reduce their growth forecasts. "Lower oil prices and the big decision by ECB could further improve world economic outlook," said Haruhiko Kuroda, governor of the Bank of Japan.
  • DíQwell Jackson: Patriots Were Using Colts Footballs At End Of First Half

    01/22/2015 5:51:09 PM PST · by big'ol_freeper · 31 replies
    NESN.com ^ | 22 Jan 15 | Doug Kyed
    Indianapolis Colts linebacker DíQwell Jackson, who says he didnít snitch on the Patriots in the AFC Championship Game, told NFL Mediaís Jeff Darlington that Brady was using a Colts football at the end of the first half Sunday night. Jackson spoke to an official, who said they couldnít locate a usable football, during a TV timeout when the Patriots had the ball. Later in the first half, Jackson noticed that the Patriots were using Colts footballs.
  • Get Ready For The Worst Inflation Number In 6 Years

    01/15/2015 9:39:57 PM PST · by blam · 54 replies
    BI ^ | 1-15-2015 | Myles Udland
    Myles Udland January 15, 2015 The crash in oil prices might be good for consumers, but it's terrible for inflation data. The US Bureau of Labor Statistics is set to release the consumer price index on Friday morning at 8:30 ET. The index is a measure of consumer prices, and the most popularly cited measure of inflation. Expectations are for headline inflation to fall 0.4% in December compared to the prior month, which would be the largest month-on-month decline since December 2008. Compared to last year, headline inflation is set to rise 0.7%. "Core" inflation ó which strips out the...
  • German inflation lowest since October 2009

    01/05/2015 3:13:02 PM PST · by Olog-hai · 1 replies
    TheLocal.de ^ | 05 Jan 2015 14:53 GMT+01:00 | (AFP)
    Inflation in Germany, Europeís biggest economy, slowed to just 0.2 percent in December, its lowest level in more than five years, and averaged 0.9 percent for the whole of 2014, according to new figures released on Monday. [Ö] Using the Harmonized Index of Consumer Prices (HICP)óthe yardstick used by the European Central Bankóinflation in Germany was even lower at 0.1 percent in December, way under the ECBís annual inflation target of just below 2.0 percent. The chronically low level of inflation across the single currency bloc has fueled concern the region could slip into deflationóa sustained and widespread drop in...
  • Why Gas Feels Cheapóand Why Itís Not, Historically Speaking

    01/03/2015 10:08:58 AM PST · by Theoria · 18 replies
    WSJ ^ | 02 Jan 2015 | Jo Craven McGinty
    Recent Price Plunge Looks Good After Years of High Costs, but Fill-Ups Were Less Expensive From 1986-2003 U.S. gasoline prices are the lowest theyíve been in five years. And they feel even cheaper because they come on the heels of the highest gas prices consumers have paid in three decades.In 2012, the national annual average for a gallon of regular unleaded gasóthe yardstick for gauging pricesóhit a high of $3.77, capping a series of years in which the average exceeded $3 a gallon. Before that, the last time the average was so high was in the early 1980s, when, adjusted...
  • Food Stamps, Subprime and Hyperinflation

    01/01/2015 1:58:06 PM PST · by blam · 28 replies
    The Daily Signal/Heritage Foundation;The Market Oracle.co.UK ^ | December 22, 2014 Daily Signal; January 1, 2015 | Alexandra Gourdikian ;Dr Jeff Lewis
    January 1, 2015 Dr_Jeff_Lewis The next generation will look back at the current period with utter astonishment. The archives will be riddled with debates and all manner of euphemisms for what led to the collapse of the worldís first and last fiat reserve currency. It is a process well underway. Take a look at two seemingly unrelated, though current, economic-financial trends: Food stamps and subprime. The case of spending compared with risk. Food assistance is but a tiny tributary broken off from a massive river of denial. Subprime represents the nadir of Ďrisk-oní fueled monetary euphoria. Spending that comes from...
  • Venezuela confirms recession, highest inflation in Americas

    12/31/2014 4:16:20 AM PST · by C19fan · 7 replies
    Reuters ^ | December 30, 2014 | Staff
    Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and President Nicolas Maduro's socialist government blamed political foes for the dismal data. The Central Bank said gross domestic product (GDP) contracted in each of the first three quarters: 4.8 percent, 4.9 percent and 2.3 percent. Twelve-month inflation reached 63.6 percent in November.
  • 'Argentina is capable of paying all of its creditors'

    12/29/2014 12:27:13 AM PST · by WhiskeyX · 2 replies
    Buenos Aries Herald ^ | Sunday, December 28, 2014 | Buenos Aries Herald
    Senior portfolio manager at NML Capital Jay Newman said that ďArgentina is capable of paying all of its creditorsĒ given its ďvast natural ressources.Ē He blamed the government for not reaching a deal with the holdouts.
  • They are preparing for you

    12/27/2014 9:45:42 AM PST · by kindred · 41 replies
    conservativenewsandviews.com ^ | December 19, 2014 | Dwight Kehoe
    A wheelbarrow of money to buy a loaf of bread. This is what Obama, with his fiscal cliff plan, threatens us with. For many years now we have heard chilling tales about that elusive, powerful and manipulative entity conspiracy theorists have called ďThe New World OrderĒ. Not only have the members of this group managed for the most part to remain anonymous, but their agenda has remained mysterious and obscure. So much so that many good people have been perfectly fine with ignoring its existence or viability. Whether or not this New World Order is in lockstep with World Communism...
  • Scenes From Putin's Economic Meltdown

    12/23/2014 7:48:12 AM PST · by C19fan · 8 replies
    Politico ^ | December 21, 2014 | Alec Luhn
    Get the hot deals while they last! Whateverís on your holiday shopping listóbuy now, it may never be this cheap again! In a single day this past week, the ruble exchange rate dropped from 59 to 80 to the dollar, further eroding confidence in the Russian economy and ensuring a deep recession next yearóbut also briefly turning Moscow into the shopping capital of the world. Although this past weekís currency crisis marked the worst fall for the ruble since Russia defaulted on its debt in 1998, no one was waiting in bread lines or starting a run on the bank....
  • 5.0% GDP! (Happy Days)

    12/23/2014 6:43:10 AM PST · by blam · 53 replies
    BI ^ | 12-23-2014 | Sam Ro
    Sam Ro December 23, 2014America is just killing it. Q3 GDP growth was just revised up to 5.0% from last month's estimate of 3.9%. This is the fastest pace of growth since Q3 2003. This was also much stronger than the 4.3% expected by economists. "The increase in real GDP in the third quarter primarily reflected positive contributions from PCE, nonresidential fixed investment, federal government spending, exports, state and local government spending, and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, decreased," the BEA said. Personal consumption growth was revised up to 3.2% from 2.2%....
  • Diocletian for President

    12/22/2014 8:11:31 AM PST · by arthurus · 3 replies
    International Man ^ | 22 December 2014 | Jeff Thomas
    Diocletian became emperor in 284. Early in his reign, he took a decidedly non-peaceful turn, purging the empire of any perceived threats to his power. He enlarged both the Empireís military and civil forces, creating a greater threat to foreign leaders and a greater police state at home...
  • What the Hell Is a ďConventional Currency Unit?Ē (Russia)

    12/17/2014 8:02:58 AM PST · by C19fan · 6 replies
    Vocatix ^ | December 16, 2014 | Sarah Kaufman
    Russians are saying ďooh yehĒ to the collapse of their currency, but itís not as positive as it might sound to Western ears. As the value of the ruble goes into free fall, Russians are preparing for a return to the economic chaos of the í90s. At a retail level, it means that store managers across Russia are rewriting their price tags in a currency Russians call a ďconventional currency unit.Ē In Russian, the phrase for ďconventional currency unitĒ is uslovnaya yedinitsaóabbreviated to an acronym pronounced ooh yeh.
  • Consumer Prices Plunge Most Since December 2008 ("US economy is well on the road to recovery")

    12/17/2014 7:01:23 AM PST · by blam · 31 replies
    Zero Hedge ^ | 12-17-2014 | Tyler Durden
    Tyler Durden 12/17/2014Great news: The prices consumers pay dropped 0.3% MoM in November - the biggest deflation since Dec 2008. Of course, The Fed will be in "considerable" panic mode at this data and may choose to crush the hope of so many that rate hikes are coming in mid-2015 as definitive evidence that the US economy is well on the road to recovery. Ex-Food-and-Energy, prices rose 1.7% YoY - slightly missing expectations of +1.8%. Of course, a big driver of this 'transitory' disinflation is a 10.5% YoY drop in Gasoline and 6.6% MoM drop in November. Despite this huge...
  • Consumer Price Index Has Been Reconfigured Since Early-1980s So As to Understate Inflation

    12/15/2014 8:57:20 AM PST · by T Ruth · 11 replies
    Shadow Government Statistics ^ | April 8th, 2013 | John Williams
    Sub-Headlines: CPI no longer measures the cost of maintaining a constant standard of living. CPI no longer measures full inflation for out-of-pocket expenditures. With the misused cover of academic theory, politicians forced significant underreporting of official inflation, so as to cut annual cost-of-living adjustments to Social Security, etc. Politicians look to expand further the concept of artificially-suppressed cost-of-living adjustments in current budget-deficit negotiations [in 2013], through the use of the Chained-CPI (see Special C-CPI Supplement at end of this document). Use of the CPI to adjust retirement benefits, private income or to set investment goals impairs the ability of retirees,...
  • Deflation Is Going To Cause A Scary New Kind Of Debt Crisis

    12/01/2014 6:37:55 AM PST · by blam · 19 replies
    BI - Money Week ^ | 12-1-2014 | Merryn Somerset Webb
    Merryn Somerset WebbDecember 1, 2014 Russell Napier is a financial historian and the founder of ERIC, an online research firm that aims at connecting analysts and investors. Here he talks to Merryn Somerset Webb about the next deflationary bust Ė why itís coming, what it means for you, and how you can survive it. Merryn Somerset Webb: Letís start at the beginning. You are a firm believer, as I understand it, in the idea that we live in a deflationary environment and thereís almost nothing that central banks can do to change that. So, maybe talk a little bit about...
  • EUROPE'S PLUNGE INTO DEFLATION IS COMING

    11/28/2014 7:01:49 AM PST · by blam · 26 replies
    BI ^ | 11-28-2014 | Mike Bird
    Mike Bird November 28, 2014 Eurozone inflation figures just released put the rate at 0.3% in November, down from October's 0.4% and in line with estimates. With the recent impact of oil prices, that means deflation isn't just a possibility for the eurozone: markets are now suggesting it's the most likely outcome in a few months' time. Analysts had forecast that that the rate would come in at 0.3% again, though some suggested it could fall as low as 02% The ECB currently targets 2% inflation, but that target was last reached in the summer of 2012. These numbers increase...
  • Falling inflation a worry for Europe but also the world

    11/23/2014 6:55:14 PM PST · by Tolerance Sucks Rocks · 60 replies
    Reuters ^ | November 23, 2014 | Ross Finley
    (Reuters) - European Central Bank President Mario Draghi has moved closer to launching sovereign debt purchases and data this week will show just how dangerously low inflation has fallen in the $13 trillion euro zone economy. A sickly Europe has held back global economic growth for years, and now it is contributing significantly to powerful forces already dragging down inflation across the globe. A spectacular drop in crude oil prices over the past month will be the center of discussion when ministers from the world's top oil exporters meets in Vienna on Friday.
  • DRAGHI: Inflation Must Rise Without Delay(the sky is falling, only inflation can save us)

    11/21/2014 1:30:29 AM PST · by TigerLikesRooster · 34 replies
    BI ^ | Nov. 21, 2014 | Mike Bird
    DRAGHI: Inflation Must Rise Without Delay Mike Bird ÔĀĶ ÔÖ§ European Central Bank boss Mario Draghi is speaking today at a banking conference in Frankfurt, and he has one central message: we have to bring inflation back up, now. It¬ís one of Draghi¬ís most forthright speeches, with one exceptional snippet: ¬ďIt is essential to bring back inflation to target and without delay.¬Ē Draghi added: ¬ďWe have to be very watchful that low inflation does not start percolating through the economy in ways that further worsen the economic situation.¬Ē You can take a look at the full text of the speech...
  • Falling energy prices keep U.S. inflation unchanged

    11/20/2014 6:58:44 AM PST · by SeekAndFind · 10 replies
    CBS News ^ | 11/20/2014
    WASHINGTON - U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay. The steady reading for inflation last month followed a tiny 0.1 percent increase in September and a 0.2 percent drop in August, the Labor Department said Thursday. Energy prices fell 1.9 percent last month, while food costs edged up a slim 0.1 percent. Core inflation, which excludes volatile energy and food, rose 0.2 percent in October. For the past 12 months, overall inflation is up 1.7 percent, and core inflation is up a similarly modest 1.8 percent....
  • Seasonal Workers on Wheels: A Growing, Graying Wave of Employees

    11/13/2014 8:35:52 PM PST · by TurboZamboni · 14 replies
    KSTP ^ | 11-13-14 | Beth McDonough
    Every day, 170 Minnesotans turn 65. It's supposed to be the beginning of retirement. But for many, 65 is just another birthday. Although they're old enough to retire, they can't afford to. So every year in the fall, thousands come to work in Minnesota. For them, the sugar beet harvest is a lifesaver. Although it's seasonal and short-term work, it's a paycheck. The sugar beet harvest starts at the end of September and runs for a few weeks. The work involves a lot of heavy lifting and the pay is pretty good. The starting wage is $12 an hour. The...
  • What Are The Odds In 2015: Inflation Or Deflation?

    11/13/2014 12:04:54 PM PST · by blam · 11 replies
    TMO ^ | 11-13-2014 | TCE
    The Cultural Economist Nov 13, 2014 TCE ( The Cultural Economist) writes: Like other Central Banks, the U. S. Federal Reserve has ďprintedĒ copious quantities of money. Despite better GDP numbers and positive media commentary, much of the American economy continues to be lethargic. The Eurozone appears increasingly vulnerable to recession. Financial and geopolitical risks could derail economic growth. What are the long term trends that will shape the outcome? The Case for Inflation Oil As I have documented several times, the rate of inflation is sensitive to the price we pay for a barrel of oil. Political turmoil in...