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Tag Archives: inflation
“Shocking” Turkish Inflation Hits 15 Year High, Unleashing Stagflationary Shockwave; Lira Plunges
“Shocking” Turkish Inflation Hits 15 Year High, Unleashing Stagflationary Shockwave; Lira Plunges A few days ago we discussed how soaring oil prices have been a stagflationary double whammy to emerging markets, which have been hit not only by a surging dollar, resulting in a collapse in local currencies and spiking import costs, but a spike […]
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion
US Gross National Debt Jumps by $1.27 Trillion in Fiscal 2018, Hits $21.5 Trillion But wait — these are the Boom Times! The US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018, the Treasury Department reported Monday afternoon. During the entire fiscal year 2018, the […]
Mike Pento Warns Global Central Banks Are Entering The Danger Zone
Mike Pento Warns Global Central Banks Are Entering The Danger Zone Authored by Michael Pento via PentoPort.com, Investors are experiencing huge moves in commodities, currencies, equities and in sovereign debt across the globe. And now the fall has arrived. Expect the volatility currently witnessed in markets to only surge. This is because global central banks […]
The Fed’s In A Box And People Are Starting To Notice
The Fed’s In A Box And People Are Starting To Notice It’s long been an article of faith in the sound money community that the Fed, by bailing out every dysfunctional financial entity in sight, would eventually be forced to choose between the deflationary collapse of a mountain of bad debt and the inflationary chaos […]
Rethinking the Fed’s 2% Inflation Target: Spotlight On an Absurd Debate
Rethinking the Fed’s 2% Inflation Target: Spotlight On an Absurd Debate Is the Fed’s 2% inflation target too high or too low? That’s the big debate now amongst central bankers. The Wall Street Journal reports Policy Makers Rethink a 2% Inflation Target. From Ottawa to Oslo, policy makers have been considering whether that level of […]
Nine “Fascinating” Stats About Inflation
Nine “Fascinating” Stats About Inflation In a report on the history (and future) of inflation from Deutsche Bank’s Jim Reid, the credit strategist notes that while it may not feel like it, but we live in inflationary times relative to long-term history. Before the start of the twentieth century prices generally crept higher only very […]
The Committee to Destroy the World: The Federal Reserve
The Committee to Destroy the World: The Federal Reserve The general belief among average citizens is that the purpose of central banks is to help the economy by fighting inflation and mitigating financial crisis. It’s a fairy tale that politicians like to encourage. If there were any truth to it, however, where was the Federal […]
Bad Money
Dreamstime Bad Money Our debt-based fiat money system poses an existential threat We’re all going to have to be a lot more resilient in the future. The “long emergency“, as James Howard Kunstler puts it, is now upon us. If ever there was a wake-up call from Mother Nature, it’s been the weather events over […]
Clinging to Old Theories of Inflation
Clinging to Old Theories of Inflation QUESTION: Mr. Armstrong, I think I am starting to understand your view of inflation. It is very complex. I think some people cannot think beyond a simple one dimension concept as you often say. So I am trying to be more dynamic in my thinking process. Here you point […]
“It Will Get A Lot Worse”: Global Stocks Tumble As EM Contagion Roils Markets
“It Will Get A Lot Worse”: Global Stocks Tumble As EM Contagion Roils Markets Global stocks tumbled on Wednesday, as a drop in European markets followed a broad sell-off across Asia, as rising pressure on emerging markets intensified concerns of contagion and spillover into developed markets, leading to a sea of red in world stocks. […]
Chairman Powell’s Bizarre Statement Ignores the Reality of Price Inflation
Chairman Powell’s Bizarre Statement Ignores the Reality of Price Inflation Inflation has been on the rise since late 2015. According to the Consumer Price Index (CPI) measure, the Fed has typically maintained the “target inflation” rate of 2%. But official inflation has moved well past that benchmark. It is currently nearing 3% while rising at […]
Paper money eventually returns to its intrinsic value – zero
Paper money eventually returns to its intrinsic value – zero In socialist Venezuela, the price of a cup of coffee has doubled every few weeks. The annual inflation rate could hit 1,000,000 percent by years end. People can no longer afford food, but that’s okay because there isn’t any food to be found. South America’s […]
Mexico’s Central Bank Just Broke with the War on Cash
Mexico’s Central Bank Just Broke with the War on Cash Motivated by inflation? A strange thing just happened in Mexico. The Bank of Mexico (Banxico), announced that it is considering launching a 2,000 peso note (ca. $105), double the highest denomination note currently in circulation. It’s also considering doing away with Mexico’s lowest denomination 20 […]
Turkey Inflation Soars To 15 Year High As Central Bank Pledges Imminent Rate Hike
Turkey Inflation Soars To 15 Year High As Central Bank Pledges Imminent Rate Hike With the Turkish lira plunging, it was not exactly a surprise that Turkish inflation data reported today came even hotter than expected, with inflation jumping a surprising 17.9% Y/Y in August, up from 15.9% and above the 17.6% consensus, with monthly […]
Friedman On Inflation, Hanke on Hyperinflation
Friedman On Inflation, Hanke on Hyperinflation In 1966, Milton Friedman wrote, as he often did, some memorable lines that have entered the lexicon of economic quotables. As Friedman correctly put it in a book chapter titled “What Price Guideposts?”: “Inflation is always and everywhere a monetary phenomenon, resulting from and accompanied by a rise in […]
