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Tag Archives: consumer prices
The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way
The Big Reversal: Inflation and Higher Interest Rates Are Coming Our Way This interaction will spark a runaway feedback loop that will smack asset valuations back to pre-bubble, pre-pyramid scheme levels. According to the conventional economic forecast, interest rates will stay near-zero essentially forever due to slow growth. And since growth is slow, inflation will […]
Whatever Happened to Inflation after All This Money Printing? It Has Arrived!
Whatever Happened to Inflation after All This Money Printing? It Has Arrived! Workers, bondholders, savers get sacked. So what would Yellen do? Consumer prices surged 0.6% in January from December, double the consensus forecast of a 0.3% rise. The sharpest monthly increase since February 2013, according to the Bureau of Labor Statistics. Energy prices jumped 4% […]
According To Deutsche Bank, The “Worst Kind Of Recession” May Have Already Started
According To Deutsche Bank, The “Worst Kind Of Recession” May Have Already Started One week ago, Deutsche Bank’s Dominic Konstam unveiled, whether he likes it or not, what the next all too likely step will be as central bankers scramble to preserve order in a world in which monetary policy has all but lost effectiveness: “It […]
This Is The End: Venezuela Runs Out Of Money To Print New Money
This Is The End: Venezuela Runs Out Of Money To Print New Money Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the “weekend” for public workers to 5 days… … we joked that it is unclear just where the country […]
JPM, ECB Hint At Arrival Of “Helicopter Money” In Europe Following Next “Significant Downturn”
JPM, ECB Hint At Arrival Of “Helicopter Money” In Europe Following Next “Significant Downturn” Moments ago, ECB governing council member and Bank of Italy governor Ignazio Visco had some very troubling comments. He said that while helicopter money is not currently part of the discussion in the Governing Council that “no policy tool within our mandate […]
Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes
Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes The weeks ago, when we showed “What The Death Of A Nation Looks Like: Venezuela Prepares For 720% Hyperinflation“, we said that after looking at a chart of Venezuela’s upcoming hyperinflation… … a hyperinflation in which the soaring stock market has […]
Negative Interest Rates Already In Fed’s Official Scenario
Negative Interest Rates Already In Fed’s Official Scenario Over the past year, and certainly in the aftermath of the BOJ’s both perplexing and stunning announcement (as it revealed the central banks’ level of sheer desperation), we have warned (most recently “Negative Rates In The U.S. Are Next: Here’s Why In One Chart”) that next in […]
More Central Bank Trouble in Canada
More Central Bank Trouble in Canada Yesterday, the Governor of the Bank of Canada Stephen Poloz surprised many by not lowering the target for the overnight rate to 0.25% from 0.50%. The central bank cut this rate twice last year in an attempt to stimulate the economy. During the past nine months the TSX index […]
What Deflation Quacks Like
What Deflation Quacks Like As yet another day of headlines shows, see the links and details in today’s Debt Rattle at the Automatic Earth, deflation is visible everywhere, from a 98% drop in EM debt issuance to junk bonds reporting the first loss since 2008 to corporate bonds downgrades to plummeting cattle prices in Kansas to […]
Brazil Devolves Into Full-Blown Political Crisis With Launch Of Impeachment Proceedings Against President Rouseff
Brazil Devolves Into Full-Blown Political Crisis With Launch Of Impeachment Proceedings Against President Rouseff Moments ago Brazil lower house chief Eduardo Cunha announced that he has accepted an impeachment request filed by Helio Bicudo. Cunha told reporters in Brasilia that the decision is not political, and while one can debate that, the implications will have […]
Global Markets Turmoil After China Extends Currency War To 2nd Day – Devalues Yuan To 4 Year Lows
Global Markets Turmoil After China Extends Currency War To 2nd Day – Devalues Yuan To 4 Year Lows Chinese stocks opened lower, extending yesterday’s losses, after The PBOC weakened its Yuan FIX dramatically for the 2nd consecutive day(from 6.1162 Monday to 6.2298 last night to 6.3306). Offshore Yuan fell another 9 handles against the USD after China […]
I Sure Am Glad There’s No Inflation
I Sure Am Glad There’s No Inflation 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. We are constantly bombarded with two messages about inflation: 1. Inflation is near-zero 2. This worries the Federal Reserve terribly, because stable prices […]
Food Prices Grow At Fastest Pace In 3 Years, As Meat Soars
Food Prices Grow At Fastest Pace In 3 Years, As Meat Soars. Want to save on your food bill? Switch to chicken. Inflation slowed down in November, thanks primarily to plummeting gas prices, but the rapid rise in meat prices that has stalked consumers this year showed no signs of slowing. Overall inflation fell to […]
