Keyword: prices

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  • Pipeline Expected To Restart After Leak Triggered Surging Gas Prices In South (Alabama)

    09/20/2016 3:48:30 PM PDT · by blam · 17 replies
    September 20, 2016 Associated Press A main gas line is expected to restart Wednesday with a temporary bypass after a leak and spill in Alabama led to surging fuel prices and some gas shortages across the South, a company official said Tuesday. The roughly 500-foot section of pipe that will serve as the bypass is now complete, and the company expects that will allow it to restart the main gasoline line, Colonial Pipeline spokesman Steve Baker told The Associated Press. "Tomorrow's restart of the main gasoline line is a key milestone," Baker said. "However, it will take a few days...
  • Ammo Background Checks

    07/11/2016 6:55:30 PM PDT · by Randy Larsen · 37 replies
    7/11/16 | Randy Larsen
    How much will we pay?
  • The Fed, the Dollar, and Oil

    03/23/2016 5:03:26 AM PDT · by expat_panama · 10 replies
    financial sense ^ | 03/22/2016 | Matthew Kerkhoff
    Five consecutive weeks of gains makes it hard to argue that were in a bear market. While it may not seem like much has changed since the markets last swooned, a few key developments remain supportive of stock prices.In particular, a shifted stance on monetary policy, change in the trajectory of the dollar, and recovery in oil prices have turned sellers into buyers.The Fed Last Wednesday the Federal Reserve confirmed what many had anticipated going into the latest FOMC meeting: that the Fed would have to back off of its four-rate-hike plan for 2016.For some time now, the Feds...
  • Disney Resets Theme Park Ticket Prices For Slow, Busy Times

    02/27/2016 1:09:35 PM PST · by Hojczyk · 21 replies
    Reuters via OANN ^ | February 27,2016
    <p>The busiest days create frustrations for visitors such as long lines and temporary gate closures when parks get too full. The company is expanding the parks with new attractions based on popular franchises such as Star Wars and Frozen.</p> <p>The shift to demand-based pricing is designed to help spread out crowds at Walt Disney World in Florida and at Disneyland Resort in California, Disney said in a blog post.</p>
  • Citi: World economy seems trapped in 'death spiral'

    02/05/2016 12:08:31 PM PST · by HarleyLady27 · 28 replies
    CNBC ^ | Feb. 5, 2016 | Katy Barnato
    The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
  • Gas Wars: A Gallon Is Just 46 Cents Here

    01/18/2016 10:50:44 AM PST · by blam · 39 replies
    CNBC - REUTERS ^ | 1-18-2016 | Katie Little | Steve Kopack
    CNBCJanuary 18, 2016 While gas prices are low nationwide, some stations are slashing the fuel's price to rock-bottom levels to the tune of less than 50 cents a gallon. The drastic price cuts are part of a gas price war at three Houghton Lake, Mich., stations. During the last three days, the prices dropped below a buck per gallon, falling as low as 46 cents at Sunrise Marathon. Meanwhile, the Beacon & Bridge gas station was as low as 47 cents, said employees of each station in interviews with CNBC.(snip)
  • Cheap oil puts the House of Saud at risk: Kingdom exhausts monetary reserves in 5 years

    12/14/2015 12:15:26 PM PST · by SeekAndFind · 26 replies
    Asia Times ^ | 10/22/2015 | Spengler
    Saudi Arabia spends money like there’s no tomorrow. A new report from the International Monetary Fund suggests that there might not be a tomorrow for the House of Saud. Without massive spending cuts, the Kingdom will exhaust its monetary reserves in five years at current oil prices, the IMF reckons. Saudi Arabia is a rich country full of poor people, and the House of Saud has bought a lot of legitimacy by subsidizing its subjects. The dynasty might not survive the sort of austerity measures that the IMF insists are necessary to keep the Kingdom from running out of reserves...
  • Russia Ready To Use Nuclear Weapons: Pentagon’s Top Russia Expert to “bring a speedy peace.”

    11/06/2015 9:57:17 AM PST · by Trumpinator · 74 replies
    valuewalk.com ^ | November 6, 2015 5:21 am | Polina Tikhonova
    Russia Ready To Use Nuclear Weapons: Pentagon’s Top Russia Expert By Polina Tikhonova on November 6, 2015 5:21 am With Russian President Vladimir Putin ordering his security council to develop defensive nuclear equipment, the Pentagon says Moscow is poised to use nuclear weapons to “bring a speedy peace.”
  • Lower gas prices means no Social Security increase next year (Or V.A., federal retirees, etc.)

    10/11/2015 3:34:22 PM PDT · by 2ndDivisionVet · 77 replies
    The Associated Press ^ | October 11, 2015 | Stephen Ohlemacher
    WASHINGTON (AP) For just the third time in 40 years, millions of Social Security recipients, disabled veterans and federal retirees can expect no increase in benefits next year, unwelcome news for more than one-fifth of the nation's population. They can blame low gas prices. By law, the annual cost-of-living adjustment, or COLA, is based on a government measure of inflation, which is being dragged down by lower prices at the pump. The government is scheduled to announce the COLA or lack of one on Thursday, when it releases the Consumer Price Index for September. Inflation has been...
  • Oil export bill driving a wedge between industries

    10/08/2015 9:22:51 PM PDT · by 100American · 1 replies
    The Washington Examiner ^ | 10/8/15 2:01 PM | JOHN SICILIANO
    The group has watched the export debate, as any reduction in supply from exports could increase prices domestically. Some large manufacturers have warned that any policy that increases the cost of energy could move U.S. companies overseas. Cicio said he would support the bill if it did not repeal the president's authority. "We should not be so short sited," he told the Washington Examiner. Oil prices currently are low, but "in the future it can become a very significant cost issue for manufacturing." "All we need is an adjustment" to the bill to keep the safety valve in place,...
  • Gasoline prices expected to spike

    GasBuddy.com says fuel prices could spike within a week anywhere from 10 to 30 cents a gallon, and they could stay higher for several weeks. Its analysts are blaming aging refineries for unplanned repairs. When those happen, often the oil companies will tackle maintenance issues, too.
  • Bye-bye Prevailing Wage Law? Repeal Campaign Turns In 390,000 Signatures

    09/21/2015 11:58:26 AM PDT · by MichCapCon · 6 replies
    Michigan Capitol Confidential ^ | 9/20/2015 | Jack Spencer
    A coalition organized to repeal the states prevailing wage law achieved a milestone yesterday when it submitted petitions with more than 390,000 signatures to the state elections bureau. If at least 65 percent of those signatures were deemed to be valid signatures of Michigan voters, the question would then go to the Legislature for a quick up or down vote. Nearly 400,000 voters have signed their names on the dotted line to demand that government spend their tax dollars more wisely, said Chris Fisher, in a news release. Fisher is vice president of Protecting Michigan Taxpayers, the coalition organizing the...
  • Government Price Controllers Cant Make Up Their Minds

    09/01/2015 6:15:16 AM PDT · by MichCapCon · 2 replies
    Capitol Confidential ^ | 8/31/2015 | Jarrett Skorup
    Gas stations have heavy competition. There are stations all over the place and everyone publicly displays their prices. Owners operate on very thin profit margins, and there is lots of incentive to keep prices as low as possible. Almost everyone uses gas and nobody likes paying higher prices. So when prices increase, politicians on both sides of the aisle demand and promise investigations. Oil companies are roundly demonized. (Of course, nobody is sending them a thank-you card when prices come down). When it comes to crops, government bureaucrats take a different approach. When the price of products like corn, soybeans,...
  • DAVID KOTOK: Oil Could Fall To $15

    08/17/2015 1:45:02 PM PDT · by blam · 67 replies
    BI ^ | 8-17-2015 | Bob Bryan
    Bob BryanAugust 17, 2015Oil prices have hit six-year lows, and Cumberland Advisors' David Kotok thinks the worst may be yet to come. "We could go back to $15 or $20, this is a downward slope, we don't know a bottom," Kotok said in a Monday morning interview on Bloomberg TV. WTI crude oil futures are trading near $42 a barrel while Brent futures are just above $48 a barrel. Kotok said that despite the oil industries apparent belief that things will get better, there is little reason for anything to change. "Hope is not a strategy, its a myth," he...
  • Shriveled grapes, shriveled liberty

    04/19/2015 1:59:34 PM PDT · by afraidfortherepublic · 4 replies
    The Washington Post ^ | 4-19-15 | George Will
    In oral arguments Wednesday, the Supreme Court will hear the government defend its kleptocratic behavior while administering an indefensible law. The Agricultural Marketing Agreement Act of 1937 is among the measures by which New Dealers tried and failed to regulate and mandate America back to prosperity. Seventy-eight years later, it is the governments reason for stealing Marvin and Laura Hornes raisins. New Dealers had bushels of theories, including this: In an economic depression, prices fall, so a recovery will occur when government compels prices to stabilize above where a free market would put them. So Franklin Delano Roosevelts brains trust...
  • Exxon, Shell's spending patterns may help them through oil price drop

    03/11/2015 4:53:19 AM PDT · by thackney
    Reuters ^ | March 11, 2015 | Reuters
    The world's two biggest oil firms, Exxon Mobil Corp and Royal Dutch Shell, may withstand the oil price collapse better than their rivals because they are closer to finishing expensive investment projects while others must keep spending. The near halving of oil prices since June is likely to send all the biggest listed oil companies into negative cash flow this year, and has sparked a rush to cut costs across the sector as a result. But depending on where they are in their spending cycles, some companies are finding those cuts easier to make than others. "Both (Exxon and Shell)...
  • Chevron to sell $15 billion of assets, cut spending amid price slump

    03/11/2015 4:34:32 AM PDT · by thackney · 3 replies
    Fuel Fix ^ | March 10, 2015 | Robert Grattan
    Chevron Corp. said Tuesday it would sell off more assets and cut back on capital spending, as the integrated oil and gas giant looks to protect its finances from lower crude prices. Chevron said it would put about $15 billion of assets up for sale through 2017 up from a previous $10 billion target and cut capital spending incrementally to roughly $30 billion in 2017. In January, Chevron had said it would trim capital spending to $35 billion in 2015, down about $5 billion from its 2014 budget. Despite the cuts, the San Ramon, California-based company said it...
  • Commodity Prices Set To Plunge Below 2008 Lows

    02/26/2015 11:37:16 AM PST · by blam · 44 replies
    TMO ^ | 2-26-2015 | Austin Galt
    February 26, 2015 Austin Galt This analysis will cover the CRB Continuous Commodity Index, the US Dollar index and one of the main commodity currencies, the Australian dollar. Well begin with the CRB Continuous Commodity Index which comprises a mixture of components from sectors including energy, metals, soft commodities and agriculture. (snip)If this analysis is correct, it means a big deflationary spiral is dead ahead that will see market participants wide-eyed with fear. However, there should be a significant rally before then which will allow many to get their houses in order. And once this deflationary spiral has run its...
  • Gas prices start to climb again

    02/09/2015 5:06:15 AM PST · by Alas Babylon! · 21 replies
    WYMT TV/AP ^ | 9 February 2015 | Brandon Robinson
    <p>WASHINGTON D.C. (AP) - All good things must come to an end. After months of watching them drop, gas prices went up again this week to an average of $2.20 a gallon, according to the Lundberg Survey.</p> <p>After plummeting by $1.65 between May and January, it seems the downward trend is over.</p>
  • 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)
  • As prices fall at the pump, some U.S. lawmakers eye gas tax hike

    01/08/2015 12:32:21 PM PST · by NormsRevenge · 65 replies
    Reuters on Yahoo ^ | 1/8/15 | Susan Cornwell and Timothy Gardner
    WASHINGTON (Reuters) - As U.S. gasoline prices plunge to the lowest level in more than five years, some U.S. lawmakers see a golden opportunity to bump up taxes at the pump to help pay for the repair of crumbling roads and bridges. Fuel taxes have been flat for more than 20 years, starving the Highway Trust Fund of revenue used for rising infrastructure repair costs. Lawmakers have fueled the fund with last-minute short-term injections of cash, but want to find a more permanent fix. Last July, before a similar deadline, Republican Senator Bob Corker of Tennessee and Democrat Chris Murphy...
  • Gas price plunge threatens fuel-cell and electric cars

    12/25/2014 12:23:13 PM PST · by NormsRevenge · 73 replies
    SFGate.com ^ | 12/25/14 | David R. Baker
    ehicles, as did concern about global warming. But now gasoline prices have plunged to their lowest level since the Great Recession, averaging $2.50 nationwide for a gallon of regular. If gas prices stay low granted, a very big if one of the most powerful arguments for alternative fuel cars will be wiped out. You have an early-adopter group thats much more interested in these vehicles as a way of doing something 'green, and the cost of fuel is not going to be a big factor for them, said John ODell, a senior editor at the Edmunds.com auto information...
  • 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...
  • The Price Of Oil Exposes The True State Of The Economy

    11/27/2014 5:26:23 PM PST · by blam · 22 replies
    TMO ^ | 11-27-2014 | Raul_I_Meijer
    November 27, 2014 By: Raul_I_Meijer We should be glad the price of oil has fallen the way it has (losing another 6% today as I write this). Not because it makes the gas in our cars a bit cheaper, thats nothing compared to the other service the price slump provides. That is, it allows us to see how the economy is really doing, without the multilayered veil of propaganda, spin, fixed data and bailouts and handouts for the banking system. It shows us the huge extent to which consumer spending is falling, how much poorer people have become as stock...
  • America's Energy Giants Warn Cutbacks Are Coming

    11/02/2014 7:33:26 AM PST · by blam · 7 replies
    BI - Reuters ^ | 11-2-2014 | Anna Driver, Reuters
    Anna Driver November 2, 2014HOUSTON - Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow. Exxon Mobil Corp on Friday it would keep its current spending plan intact, though it is about 15 percent less than 2013. ConocoPhillips said it will spend less money next year, and Chevron Corp said it is looking for budget "flexibility." Crude oil prices have slumped 25 percent since June as global supplies grow and demand weakens. Exxon,...
  • Saudis To The Oil Market: Get Used To Lower Prices ($80 A Barrel?)

    10/13/2014 6:11:33 AM PDT · by blam · 41 replies
    BI ^ | 10-13-2014 | Ron Bousso and Joshua Schneyer
    Ron Bousso and Joshua Schneyer, Reuters October 13, 2014LONDON/NEW YORK (Reuters) - Saudi Arabia is quietly telling oil market participants that Riyadh is comfortable with markedly lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch. Some OPEC members including Venezuela are clamoring for urgent production cuts to push global oil prices back up above $100 a barrel. But Saudi officials have telegraphed a different message in private meetings with oil market investors and analysts recently: the kingdom, OPECs largest...
  • Report: Households See Electricity Prices Rising At Record Levels

    09/02/2014 5:16:20 PM PDT · by george76 · 42 replies
    Daily Caller ^ | 09/02/2014
    Electricity prices are on the rise across the country, according to federal government data. The average price has risen more than 3 percent since the same time last year the highest year-over-year growth for the first half of the year since 2009. According to the U.S. Energy Information Administration, residential electricity prices what households pay to keep the lights on averaged 12.3 cents per kilowatt hour for the first half of this year. This is 3.2 percent above the average price this time last year. New England, however, saw prices rise significantly more than the national average....
  • Surgery Prices Surge With Innovation and Consolidation Under Obamacare

    09/01/2014 11:53:04 AM PDT · by Nachum · 18 replies
    wrcbtv ^ | 8/31/14 | NBC News
    NBC News - The price to remove a gall bladder or replace a hip has spiked more than 20 percent during the past five years, according to an analysis of data collected for NBC News. Surgery has bloomed into a $500 billion industry in the United States, where 80 to 100 million procedures are performed annually a per-capita rate that's some 50 percent higher than in the European Union, said Dr. John Birkmeyer, a researcher and adjunct professor at the Dartmouth Institute and in the university's Community & Family Medicine program. The reason? Expensive yet safer technologies and hospital...
  • How Much Is $100 Really Worth in Each State?

    08/20/2014 11:58:08 AM PDT · by Slings and Arrows · 27 replies
    Mental Floss ^ | 8/19/14 | Jason English
    How far does $100 go? Today's map, which comes from the Tax Foundation and uses data from the Bureau of Economic Analysis, answers that question state by state. In Mississippi, your $100 could buy $115.74 worth of stuff relative to the national average. On the other end of the spectrum is Hawaii, where you'd only get $85.32 worth. Washington, D.C. is even lower, at $84.60. The Tax Foundation offers a little perspective on how to read the map: Tennessee is a low-price state, where $100 will buy what would cost $110.25 in another state that is closer to the national...
  • $200 Steaks, $30 Coffee? Here's Why Some Foods Could Get Vastly More Expensive

    07/28/2014 9:06:55 PM PDT · by blam · 79 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)
  • 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...
  • 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...
  • Price hikes coming for Chipotle, Dunkin' Donuts and The Cheesecake Factory

    07/22/2014 8:54:45 AM PDT · by george76 · 32 replies
    CNN ^ | Jul 21, 2014 | Amie Winters
    <p>Fast food fans, we've got some bad news. Wholesale prices on a bunch of your favorite food products have seen sharp increases this year. Among those, beef and avocados are through the roof, hitting burrito-makers doubly hard.</p> <p>Because of huge price increases for beef and avocados, Chipotle is raising menu prices for the first time in three years. It's a reality that a lot of restaurants are facing due to rising food prices.</p>
  • 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...
  • Pressure on Oil Megaprojects

    06/23/2014 3:50:31 AM PDT · by Laurent.w · 2 replies
    The New York Times ^ | JUNE 17, 2014 | MURIEL BOSELLI
    Around the world, the giant oil companies of the United States and Europe are putting the brakes on a decade-long spending spree focused on finding and developing offshore oil fields in ever-tougher environments. The reason: Soaring costs are outpacing foreseeable rises in energy prices. Analysts at Bernstein say oil prices are likely to remain stable in the near term, but they also point to a long-term uptrend, with prices underpinned by rising costs. They predict that oil prices will rise to an average of $132 per barrel in 2018, from $110 per barrel now. The era of easy to find,...
  • 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 2014an 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....
  • Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High [Obamanomics!]

    06/17/2014 11:25:48 AM PDT · by SoFloFreeper · 14 replies
    cns news ^ | 6/17/14 | Ali Meyer
    The seasonally-adjusted price index for meats, poultry, fish, and eggs hit an all-time high in May, according to data from the Bureau of Labor Statistics (BLS). In January 1967, when the BLS started tracking this measure, the index for meats, poultry, fish, and eggs was 38.1. As of last May, it was 234.572. By this January, it hit 240.006. By April, it hit 249.362. And, in May, it climbed to a record 252.832.
  • The Coming Crash in Ammunition Prices

    06/08/2014 4:00:42 AM PDT · by marktwain · 112 replies
    Gun Watch ^ | 7 June, 2014 | Dean Weingarten
    The Obama caused bubble in ammunition prices seems ready to bust. Over the last few years people have seen ammunition prices double or triple. Handgun and rifle ammunition has been hard to find at times. .22 long rifle ammunition tripled in price over the last 18 months. People would line up to buy ammunition at prices two and three times the level that they were just two years ago. All of that is about to change. Ammunition supply looks as though it is ready to catch up with demand. Centerfire pistol and rifle cartridges are available on most store...
  • Report: EPA Rules Will "Necessarily Skyrocket" US Electricity Prices

    06/05/2014 11:23:05 AM PDT · by lbryce · 14 replies
    Freedom Outpost ^ | June 5, 2014 | Michael Basach
    U.S. electricity rates are set to rise more than 10 percent by 2020 because of onerous federal environmental regulations on coal-fired power plants, according to an analysis by American Action Forum. This means consumers could be forced to pay $150 more each year for electricity due to Obama administration power plant regulations. The Environmental Protection Agencys recently announced carbon dioxide limits for existing power plants claims the rule would shrink electricity bills roughly 8 percent. But these supposed savings come in 2030 after electricity prices increase between 5.9 and 6.5 percent in 2020. To no ones surprise, this proposal carries...
  • Agri-Foods Dramatic Price Rise During 2014

    05/27/2014 11:00:53 AM PDT · by blam · 10 replies
    TMO ^ | 5-27-2014 | Ned W Schmidt
    May 27, 2014 - 02:40 PM Ned W Schmidt Agri-Commodities Prices Winning - Or, how long does it take the Street to identify an elephant in the room? Apparently the answer to that question is a time period longer than should be the case. Agri-Food prices have been rising fairly dramatically thus far this year. With an average gain of about 10% since the beginning of the year, eating is becoming far more expensive. Rather than a short-term phenomenon, higher prices for Agri-Foods over time are part of the future, an unavoidable one. Prices rise for Agri-Foods when demand grows...
  • 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 years 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...
  • Gas Prices Hit 13-Month Highs, Prompt Macro Concerns

    04/20/2014 3:42:10 PM PDT · by Nachum · 73 replies
    zero hedge ^ | 4/20/14 | tyler durden
    At $3.67, US Regular gasoline prices are their highest since March 2013 having risen over 12% (40c) in the last 2 months. This must be great news, right? It must mean world demand is picking up and driving up prices of crude oil as global trade soars (amid a collapsing Baltic Dry and decelerating Chinese growth). This can't be related to "war premia" right? - as we noted here - because stocks (which always know best) have discounted all this tomfoolery. However, as the following chart shows, each time gas prices have surged up toards the Maginot Line of $3.80,...
  • The Value of Everything: Why the price of things are a mystery ISN'T a mystery

    04/06/2014 7:10:29 AM PDT · by SeekAndFind · 10 replies
    National Review ^ | 04/06/2014 | Jonah Goldberg
    Prices are storehouses of knowledge.​ One person whose grammar is impeccable except on the rare occasions when it isn’t is Kevin Williamson. He had a great piece the other day on the mystery of prices. I loved his opening sentence: “Prices are a mystery, and why that is is a mystery.” This reminded me of a great line from this wonderful video essay on Hayek’s “On the Use of Knowledge in Society” over at the Marginal Revolution University. It’s arguably Hayek’s most important contribution — which is saying a lot. It’s like saying Michael Jordan’s best slam dunk or Bill...
  • Corn Prices Are Popping

    03/31/2014 11:49:53 AM PDT · by blam · 42 replies
    BI ^ | 3-31-2014 | Rob Wile
    Corn Prices Are Popping Rob WileMar. 31, 2014, 12:15 PM    Corn prices are surging after U.S. farmers said they expect to plant the lowest corn acreage since 2010. That's because inventories in the world’s biggest grower and exporter jumped 30 percent from a year earlier. Acreage is estimated to hit 91.691 million, down from 95.365 million a year earlier, according to a survey of more than 84,000 growers released today in Washington, Bloomberg said. Analysts surveyed by Bloomberg estimated 93.014 million, on average. Here's how corn reacted to the news:
  • Ukraine Shocks Population With Staggered 100% Heating Price Increase While Restricting Cash Use

    03/28/2014 4:34:02 PM PDT · by dynachrome · 19 replies
    Zero Hedge ^ | 3-28-14 | Yatsenyuk
    Yatsenyuk addressed the nation in a TV appearance: *UKRAINE TO RAISE GAS, HEATING PRICES GRADUALLY, PREMIER SAYS *UKRAINE TO RAISE HEATING PRICES 40% THIS YEAR, 40% NEXT YEAR *UKRAINE TO RAISE HEATING PRICES 20% IN 2016 AND 20% IN 2017 So a 182% increase by 2017 *YATSENYUK SAYS PRICE INCREASE WILL BRING IT TO MARKET LEVELS *UKRAINE HOUSEHOLDS PAY $84 PER 1,000 CUBIC METERS GAS:YATSENYUK *IMPORTED RUSSIAN GAS WILL BE ABOUT $500: YATSENYUK *HOUSEHOLD RATE INCREASE IS `ONLY RIGHT DECISION:' YATSENYUK And then, via The Ukraine Central Bank, they implement tougher capital controls: *UKRAINE CENTRAL BANK SETS LIMITS ON FOREIGN...
  • Report: Dish, DirecTV Discuss Possible Merger

    03/27/2014 5:16:12 AM PDT · by SoFloFreeper · 33 replies
    Fox ^ | Matt Egan
    In response to Comcasts (CMCSA) $45 billion buyout of Time Warner Cable (TWC), Dish Network (DISH) has reportedly sent feelers out to rival DirecTV (DTV) about a possible combination of the two satellite television companies. The potential tie-up would marry the two largest U.S. satellite TV operators, creating a juggernaut with about 34 million subscribers. According to Bloomberg News, Dish Chairman Charlie Ergen recently approached DirecTV CEO Mike White about a merger. White is reluctant to go ahead with formal talks due to concerns about opposition from antitrust regulators, the news service said.
  • The Real Inflation Fear - US Food Prices Are Up 19% In 2014

    03/26/2014 10:40:32 AM PDT · by blam · 69 replies
    Zero Hedge ^ | 3-26-2014 | Tyler Durden
    The Real Inflation Fear - US Food Prices Are Up 19% In 2014 Tyler Durden 03/26/2014 10:20 -0400We are sure the weather is to blame but what happens when pent-up demand (from a frosty east coast emerging from its hibernation) bumps up against a drought-stricken west coast unable to plant to meet that demand? The spot price (not futures speculation-driven) of US Foodstuffs is the best performing asset in 2014 - up a staggering 19%...(snip)We're not allowed to post charts from Bloomberg so you'll have to click to the site to see the chart.
  • Why Food Prices Are Surging

    03/25/2014 9:38:15 AM PDT · by blam · 52 replies
    BI ^ | 3-25-2014 | Matthew Boesler
    Why Food Prices Are Surging Matthew Boesler Mar. 25, 2014, 12:06 PM Since the beginning of the year, food prices have been on a tear. In a new report, Morgan Stanley commodities analysts led by Adam Longson attribute the surge in prices to a number of factors, "from weather (in the case of sugar, soybeans and coffee) to disease (in the case of hogs) to geopolitics (wheat and corn)." The Morgan Stanley analysts don't believe this will continue. "To date, weather concerns in South America have proven overstated, as evidenced in the recent declines in sugar prices," they say. "Tensions...
  • Beef Prices Surge Most In A Decade As Food Inflation Soars

    03/19/2014 9:06:27 PM PDT · by Nachum · 19 replies
    zero hedge ^ | 3/19/14 | tyler durden
    Just a month ago we warned that food inflation was on its way. Today we got the first confirmation that problems are on their way. While headline data washes away the nuance of what eating, sleeping, energy-using human-beings are paying month-in and month-out, the fact, as WSJ reports, that beef prices surged by almost 5% in February - the biggest change since Nov 2003 - means pinching consumers and companies pocketbooks that are still grappling with a sluggish economic recovery. "Things are definitely more expensive," exclaimed on mother of three, "I can't believe how much milk is. Chicken is crazy...