Home » Posts tagged 'purchasing power' (Page 2)
Tag Archives: purchasing power
The Fed’s Great Unwind: Will It Sink Us?
THE FED’S GREAT UNWIND: WILL IT SINK US? In the eyes of many people, the Federal Reserve (Fed) is an indispensable institution. We are told it supports growth and employment, fends off the negative shocks, and fights inflation. Nothing could be farther from the truth. The Fed’s fiat money regime is economically and socially highly […]
Norway’s Interest Rate Conundrum
Norway’s Interest Rate Conundrum Current Situation The ECB recently stimulated more than expected, cutting rates by five basis points and expanding quantitative easing. It is already expected that Norges Bank (The Norwegian Central Bank) will cut rates next week, seeing accelerating inflation as temporary. They have a 2.5% inflation target mandate “over time,” giving them lee-way. They see demand […]
“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices
“There’s A Feeling Of Bits Of Ice Cracking All At Once” – This Is The ‘Big New Threat’ To Oil Prices One week ago, we reported that even as traders were focusing on the daily headline barrage out of OPEC members discussing whether or not they would cut production (they won’t) or merely freeze it (at fresh […]
What A Cashless Society Would Look Like
What A Cashless Society Would Look Like Calls by various mainstream economists to ban cash transactions seem to be getting ever louder, while central bankers have unleashed negative interest rates on economies accounting for 25% of global GDP, with $5.5 trillion in government bonds yielding less than zero. The two policies are rapidly converging. Bills and coins account for […]
Canada’s “Other” Problem: Record High Household Debt
Canada’s “Other” Problem: Record High Household Debt Earlier today, the Bank of Canada surprised some market participants by failing to cut rates. True, the loonie was plunging and another rate cut might very well have accelerated the decline, further eroding the purchasing power of Canadians who are already struggling to keep up with the inexorable rise […]
Russell Napier Explains How The Decline Of The Yuan Destroys Belief In Central Banking
Russell Napier Explains How The Decline Of The Yuan Destroys Belief In Central Banking It’s Not a Pet, It’s a Falcon: How the decline of the RMB destroys belief in central banking and a successful reflation Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot […]
A Question of Money – Interest – Bankers
A Question of Money – Interest – Bankers QUESTION: Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference […]
The Economy is in Liquidation Mode
The Economy is in Liquidation Mode Capital Consumption If you’re an American over a certain age, you remember roller skating rinks (I have no idea if it caught on in other countries). This industry boomed in the 1970’s disco era. However, by the mid 1980’s, the fad was fading. Imagine running a rink company at […]
The Mood On The Ground In Greece: “Some Have Raised The Prospect Of Civil War”
The Mood On The Ground In Greece: “Some Have Raised The Prospect Of Civil War” Earlier today, John O’Connell, CEO of Davis Rea, spoke to Canada’s BNN from what may be Greece’s top tourist attraction, the island of Santorini, to give a sense of the “mood on the ground.” Not surprisingly, his feedback was that, at […]
Think Different About Purchasing Power
Think Different About Purchasing Power The Tip of the Iceberg The dollar is always losing value. To measure the decline, people turn to the Consumer Price Index (CPI), or various alternative measures such as Shadow Stats or Billion Prices Project. They measure a basket of goods, and we can see how it changes every year. However, companies are […]
THE THEFT OF YOUR PURCHASING POWER
THE THEFT OF YOUR PURCHASING POWER One doesn’t need to be an economist or savvy in finance to see that prices are climbing. In a nutshell, inflation is the increase in the money base or the amount of money in existence. Rising prices are but a symptom of this process of devaluing our money. This […]
Central Banks’ 2% Plan to Impoverish You
Central Banks’ 2% Plan to Impoverish You The 2% target is low enough that the household frogs in the kettle of hot water never realize they’re being boiled alive because the increase is so gradual. A comment by correspondent David C. suggested the importance of demonstrating the impoverishing consequences of central banks reaching their 2% […]
More QE? These Charts Show the Pauperization of Workers in the UK and America since 2008 | Wolf Street
More QE? These Charts Show the Pauperization of Workers in the UK and America since 2008 | Wolf Street. Designated losers of monetary policy Since the financial crisis, the government of the UK and the Bank of England have jumped through hoops and twirled around in extraordinary gyrations to bail out one of the largest […]
