Home » Posts tagged 'inflation' (Page 26)
Tag Archives: inflation
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 […]
Inflation Has Run Amok – Danielle DiMartino Booth
Inflation Has Run Amok – Danielle DiMartino Booth Former Fed insider Danielle DiMartino Booth is sure the Fed is going to raise interest rates again at the September meeting. Why? DiMartino Booth explains, “I think he’s (Jerome Powell) the most independent Fed Chair in the past 30 years, and I think he’s going to raise […]
Fed Staff Delivers Intellectual Ammo for Hawkish Approach to Inflation
Fed Staff Delivers Intellectual Ammo for Hawkish Approach to Inflation “Because monetary policy acts with a lag, waiting for inflation to materialize before reacting is undesirable, particularly when economic conditions are such that outsized deviations of inflation from its target are a plausible outcome.” Let’s break the above quote apart and put it in perspective: […]
Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble
Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble What will the Bank of Canada do? The Bank of Canada has nudged up its target rate four times, starting July a year ago, from 0.5% to 1.5%. It last hiked on July 11. But now it is facing inflation that suddenly and […]
Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency
Venezuela In Chaos After Maduro Announces Massive 95% Devaluation, New FX Rate Tied To Cryptocurrency Chaos and confusion erupted across Venezuela, and most stores were shuttered on Saturday, after president Nicolas Maduro announced that the government would enact a massive currency devaluation, implement a new minimum wage, hike taxes, and also raise gasoline prices for […]
“Virtually Everybody Knew This Was Coming”
“Virtually Everybody Knew This Was Coming” Was it Turkey’s “executive presidency” and its unwillingness to hike rates in the face of soaring inflation? Or maybe the record global debt accumulated over the past decade? Maybe the artificially low interest rates? Or perhaps it was the pervasive current account deficits amid easy outside capital. How about […]
Turkey Rules Out Capital Controls As Germany Says IMF Bailout “Would Be Helpful”
Turkey Rules Out Capital Controls As Germany Says IMF Bailout “Would Be Helpful” During this morning’s conference call organized by Citi, HSBC and other banks with “thousands” of investors, Turkey’s Treasury and Finance Minister Berat Albayrak – the Jared Kushner of Turkey – eased nerves when in an attempt to bolster confidence, said that capital controls […]
Americans Live In A World Of Lies
Americans Live In A World Of Lies The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for […]
Gold Yuan Crypto
Gold Yuan Crypto George Caleb Bingham The verdict of the people 1854It’s been a while since we last heard from Dr. D, but here he’s back explaining why neither gold nor the yuan nor cryptocurrencies can or will replace the dollar as the reserve currency, but together they just might: Dr. D: “Some debts are […]
Here’s Why Rip-Roaring Inflation Is Inevitable
Here’s Why Rip-Roaring Inflation Is Inevitable The stability of America’s status quo is illusory. One of the enduring mysteries of the past decade is why inflation has remained tame while the central bank and government have pumped trillions of dollars of newly created money into the economy. Millions of words have been written about this, […]
Can Deflation Undo the Damage of Inflation?
CAN DEFLATION UNDO THE DAMAGE OF INFLATION? In our various writings, we have suggested that loose monetary policy of the central bank, which amounts to the lowering of interest rates and monetary pumping, gives rise to activities that cannot exist by themselves without the support from this loose monetary policy. An increase in money supply […]
Fed Sweeps Yield Curve Under the Rug – What Are They Trying to Hide?
Fed Sweeps Yield Curve Under the Rug – What Are They Trying to Hide? A few weeks ago we reported the Fed was getting hawkish despite what they were calling “low inflation.” In that article, we showed rates possibly being raised more than 4 times in 2019. But more importantly, we warned that anyone investing […]
Spotlight Turkey: Hyperinflation and Mass-Migration Crisis Inevitable
Spotlight Turkey: Hyperinflation and Mass-Migration Crisis Inevitable Turkey isn’t close to hyperinflation yet. But the path it’s on is a guaranteed way to get there. As Erdogan tightens his grip on finance and the central bank, Investors Fear Turkish Currency Crisis. The Turkish lira fell around 4% against the dollar late Monday after Mr. Erdogan […]
