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Tag Archives: inflation
Zimbabwe saying you have a printing problem …
is like Charlie Sheen saying you have a drinking problem: Topping off a weekend of surreal news is the announcement from the Central Bank of Zimbabwe that the country is now evaluating introducing a gold-backed Zimbabwean dollar, and, in keeping … Continue reading
Newsweek Notices Inflation, Shadowstats.com
Newsweek – The Great Inflation of the 2010s: And the reason the CPI is losing credibility is that, as economist John Williams [of Shawdowstats.com] tirelessly points out, it’s a bogus index. The way inflation is calculated by the Bureau of … Continue reading
Is the Fed Buying Puts on US Treasuries?
Seeking Alpha – Is This What Hyperinflation Looks Like From the Inside?: Some have speculated that the Federal Reserve is writing (selling) puts on Treasuries to keep rates low. As Frederick Sheehan notes, “the Fed-sponsored put option is the logical … Continue reading
Gold at $1,563; Silver Breaks $48, $49, $50; Dollar Down to $73
Silver climbed as high as $50 before closing the week at $47.94. A couple things happened to drive down the silver price. Tuesday was options expiration, so the price was beaten down by shorts. Second, the CME raised margin requirements … Continue reading
FOFOA on Hyperinflation, Deflation, Gold, Real Estate
I’ve read FOFOA (Friend of Friend of Another) the past few years. I’ve occasionally liked things he’s written, but I’ve often come away confused by his writings. I’m not sure if that’s because he’s unclear in his writing, or if … Continue reading
Money Supply Inflated. Telemarketers Hardest Hit.
Random Nuclear Strikes – Spooky Inflation: I don’t watch much TV. I happened to have CNBC on just now to check the commodities and stock tickers, and found myself watching an ad for SunSetter Retractable Awnings. (You know, the one … Continue reading
Mainstream Media Taking Notice of Inflation, Shadowstats.com
Fast Money via CNBC – Inflation Actually Near 10% Using Older Measure: After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double … Continue reading
U.S. Money Supply Gone Wild
“Inflation is always and everywhere a monetary phenomenon.” – Milton Friedman If uncle Milty is right, we’re in trouble. From the St. Louis Federal Reserve via Zero Hedge: UPDATE: In comments, Douglas notes that the chart above doesn’t show the … Continue reading
Printing money to pay for unsustainable spending is bad, mkay?
Business Insider – 10 Hyperinflation Horror Stories Of The 20th Century: Yugoslavia (1989 – 1994) – “At its worst the bank was printing dinars denominations as high as 500 billion.” China (1948 – 1949) – “China’s Yuan Dynasty funded its … Continue reading
Iran accumulating gold, which is odd since you can’t eat it
Secret Iran Gold Holdings Leaked: Tehran Holds Same Amount Of Gold As United Kingdom, And Is Buying More: “Market observers believe Tehran has been one of the biggest buyers of bullion over the past decade after China, Russia and India, … Continue reading
Don’t laugh. The U.S. is next.
UK Surpasses Zimbabwe In Annual Inflation
And here I’ve been worried about inflation
Obama: “We’re not seeing a broad-based inflation trend.” I guess inflation hasn’t reached the arugula market.
Effect of Food Inflation in the U.S. vs the World
Zero Hedge – A Tale Of Two Inflations: Why US CPI Is Flawed And Why Bernanke Will Maintain ZIRP As Revolutions Rage: For all those wondering why the Federal Reserve will likely never hike rates on the basis of undisputed … Continue reading
Department of Bogus Government Statistics: Factory Orders Report
Bernanke Either Is Smoking Some Strong Weed Or Is A Malicious Liar: Let’s use today’s factory orders report as an example, which posted a .2% gain vs. an expected .4% decline. If you read thru the details of the report, … Continue reading
Loose money policy and inflation, not bad weather, causing high food prices
The Real Reason for Rising Commodity Prices: An article today in The Wall Street Journal highlights the latest rise in the price of wheat. Blaming bad weather, it notes that the “global wheat market is caught between freezing winds and … Continue reading
Egypt, Inflation, and Food Prices
Fortune – Egypt and the growing problem of global inflation: Suffocating your citizenry with stagflation is a problem, particularly when that citizenry is young, hungry, and unemployed. By definition this is the Egypt we’re seeing today. While this may be … Continue reading
Irish Central Bank Printing 51 Billion Euros
Central Bank steps up its cash support to Irish banks financed by institution printing own money: A spokesman for the ECB said the Irish Central Bank is itself creating the money it is lending to banks, not borrowing cash from … Continue reading
Posted in Economics, European Union, Politics, Polls
Tagged inflation, what could possiblie go wrong?
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Department of Bogus Government Statistics: GDP
Inflationary Tuesday: If Economics is a Science, Why Are the GDP Numbers a Total Fiction?: Back in early 2010, I published an article announcing that we were entering a new market in accounting BS. The primary premise behind this article … Continue reading
The Daily Show on Ben Bernanke
Federal Reserve Chairman Ben Bernanke on CBS’s “60 Minutes” last year: PELLEY You’ve been printing money? BERNANKE Well, effectively. And we need to do that, because our economy is very weak and inflation is very low. when the economy begins … Continue reading