Free Republic 4th Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $15,008
17%  
Woo hoo!!! And the first 17% is in!! Thank you all very much!! God bless.

Keyword: inflation

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  • Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos ...

    09/20/2019 11:35:56 PM PDT · by Yosemitest · 119 replies
    WolfStreet.com ^ | 20 September 2019 | Wolf Richter
    Fed Admits Failure of ‘Plan A’ to Control Money Market Rates, Shifts Back to Repos (which was ‘Plan A’ till 2008) The hullabaloo in the repo market torpedoed the function of Interest on Excess Reserves and forced the Fed to go back to the future. With its announcement this morning, the New York Fed confirmed that the Fed’s Plan A of manipulating the federal funds rate into its target range – now between 1.75% and 2.0% — has miserably failed, and that it will switch to Plan B to control short-term interest rates. But this Plan B used to...
  • Trump hammers Fed, Powell for lack of 'guts, vision': Fed cuts rate by a mere 25 basis points.

    09/18/2019 12:32:46 PM PDT · by SeekAndFind · 27 replies
    Yahoo Finance ^ | 09/18/2019 | Javier E. David
    President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having “no guts” by not meting out a more aggressive interest rate cut as the global economy slows. The Federal Reserve on Wednesday cut interest rates again by 25 basis points to a new target range of 1.75% to 2%, and telegraphed a strong likelihood of one more rate cut by the end of the year. However, some on Wall Street anticipated a more aggressive easing of 50 basis points, particularly with financial markets conditions tightening. Indeed, markets sank to...
  • Median income and earnings rise in 2018, while poverty rates drop, Census data shows

    09/10/2019 9:38:17 AM PDT · by Incorrigible · 6 replies
    USA Facts ^ | 9/10/2019 | N/A
    Median income and earnings rise in 2018, while poverty rates drop, Census data shows The median household income in the United States increased less than a percent from 2017 to 2018, while the median earnings of workers in the United States rose 3.4%.The data, released by the Census Bureau Tuesday, also shows that the official poverty rate in the United States dropped to 11.8%, a 0.5 percentage point decrease from 2017.Here’s a look at the new data:Household income The [median household income] in the United States rose, from $62,626 in 2017 to $63,179 in 2018 adjusted for inflation. The Census...
  • The Fall of Rome - Are There Lessons We Can Learn?

    09/04/2019 1:32:23 PM PDT · by Perseverando · 12 replies
    American Minute ^ | September 04, 2019 | Bill Federer
    GREAT WALL OF CHINA By 220AD, the Later Eastern Han Dynasty had extended sections of the Great Wall of China along its Mongolian border. This resulted in the Northern Huns attacking west instead of east. This caused a domino effect of displaced tribes migrating west across Central Asia, and overrunning the Western Roman Empire. OPEN BORDERS Illegal immigrants poured across the Roman borders: Visigoths, Ostrogoths, Franks, Anglos, Saxons, Alemanni, Thuringians, Rugians, Jutes, Picts, Burgundians, Lombards, Alans, Vandals, as well as African Berbers and Arab raiders. Will and Ariel Durant wrote in The Story of Civilization (Vol. 3-Caesar and Christ, Simon...
  • To Keep the Economy Growing, Index Capital Gains to Inflation

    08/29/2019 7:22:32 AM PDT · by SeekAndFind · 16 replies
    RCM ^ | 08/29/2019 | Sen. Ted Cruz and Grover Norquist
    <p>The Bureau of Labor Statistics earlier this month released its July jobs numbers confirming that we remain in the midst of the longest economic expansion in U.S. history. The expansion is clearly paying off for Americans of all walks of life.</p> <p>Just look at the mounting evidence.</p>
  • The National Debt, does anyone care?

    08/21/2019 12:50:47 PM PDT · by Sean_Anthony · 23 replies
    Canada Free Press ^ | 08/21/19 | Jim Ross Lightfoot
    So, when will we hear someone running for election or re-election start talking about our huge debit and ways to reduce it? Now that we have the Democrat debates underway it’s time to turn our attention to carefully listen to what the potential candidates have to say. Are they talking about issues that are really important to the nation? Or, are they talking about proposed plans and schemes that will get them elected? Out here in the real world much of what we hear is a bit confusing and is difficult to understand.
  • Beware of Rate-cut Fever

    08/17/2019 7:50:23 AM PDT · by Kaslin · 30 replies
    American thinker.com ^ | August | William J. Dodwell
    Much has been written about the need for the Federal Reserve to lower interest rates, even beyond the July cut, the first one in eleven years. Indeed, the latest escalation of trade tensions with China and its concomitant currency depreciation might make further cuts more compelling. Or not. The principal purpose of a rate cut is to provide liquidity to foster greater consumption and business investment that stimulate economic growth in the face of sustained opposition forces. But rate cuts without sufficient justification, such as those based on transitory developments, reaction to presidential jawboning, miming other central banks, or inadequate...
  • Correlation Between Unemployment and the Minimum Wage ( There is none)

    08/16/2019 6:30:54 AM PDT · by central_va · 232 replies
    Syracuse University ^ | 10/4/16 | Syracuse University
    With the “Fight for $15 External link ” making headlines, opinions abound about whether raising the federal minimum wage will have a positive or negative effect on unemployment rates. Advocates of an increase cite the impossible task of making ends meet on today’s paltry sum of $7.25 an hour and say an increase would have little effect on the overall economy. Those against such a move predict that doing so would cause employers to lay off more and hire less—raising unemployment rates as a result. As is often the case with such emotionally charged issues, especially in an election year,...
  • Dow tumbles 400 points after bond market flashes a recession warning

    08/14/2019 7:11:42 AM PDT · by Berlin_Freeper · 82 replies
    edition.cnn.com ^ | August 14, 2019 | David Goldman
    The Dow slid more than 400 points Wednesday after the bond market, for the first time in over a decade, flashed a warning signal that has an eerily accurate track record for predicting recessions.
  • Morgan Stanley Predicts Fed to Cut US Rates to Near Zero

    08/13/2019 10:07:34 AM PDT · by Hostage · 59 replies
    Clarion News ^ | Aug 13, 2019 | Thomson/Reuters
    Morgan Stanley analysts said on Monday that they now expect the U.S. Federal Reserve to cut rates in September and then again in October. … snip … The bank joins a number of investors betting that the Fed’s first rate cut since 2008, late last month, will be the first of several moves to lower borrowing costs. Goldman Sachs said earlier this month it sees a strong chance of rate cuts in both September and October.
  • Wholesale inflation dead in the water, PPI shows

    08/09/2019 9:45:46 AM PDT · by BenLurkin · 21 replies
    marketwatch.com ^ | Aug 9, 2019 | Jeffry Bartash
    The wholesale cost of U.S. goods and services rose modestly in July, but inflation more broadly appeared dead in the water and showed little sign it’s about to speed up. The producer price index increased 0.2% last month, matching the forecast of economists polled by ... Yet the pace of wholesale inflation over the past year was flat 1.7%. And more closely followed measure that strips out volatile food, energy and trade-margin costs fell for the first time in almost four years. The so-called core PPI dipped 0.1%. Wholesale prices rose 0.4% for goods, largely reflecting an increase in gasoline...
  • Venezuela hyperinflation hits 10 million percent.

    08/09/2019 7:58:14 AM PDT · by C19fan · 47 replies
    CNBC ^ | August 5, 2019 | Valentina Sanchez
    Venezuela’s crisis has been marked by corruption, hyperinflation, one of the world’s highest homicide rates, food and medicine shortages and the largest exodus “in the recent history of Latin America,” according to the U.N. Refugee Agency. Its chances to recover may start with President Nicolas Maduro stepping down or being forcibly removed — either by the opposition or through foreign military intervention. But that would just be the first step to get the ruined economy on the road to recovery. A major course of economic shock therapy will be required.
  • The Fed cut rates for the first time since 2008

    07/31/2019 12:23:04 PM PDT · by Innovative · 52 replies
    CNN ^ | July 31, 2019 | Donna Borak
    The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 in favor of a small cut in the federal funds rate, and recommitted to their promise to "act as appropriate" to sustain the country's longest economic expansion in history. Interest rates, which affect the cost of borrowing for credit cards and mortgages, are now set to hover between 2% and 2.25%. The rate cut follows months of pressure from President Donald Trump, who...
  • Broke Iran Follows Venezuela, Will Remove 4 Zeros from Currency

    07/31/2019 4:20:56 PM PDT · by detective · 36 replies
    Breitbart ^ | 31 Jul 2019 | Frances Martel
    Iran’s Central Bank announced Wednesday that the nation would rename the national currency, the rial, as the “toman” and “delete four zeros” from its value. The move follows months of intense American sanctions on Iran’s oil industry and mimics a similar move to bolster the bolívar currency in Venezuela. “The council of ministers, at a meeting presided by President Hassan Rouhani this morning, approved the central bank’s proposed bill to change the national currency from the rial to the toman and delete four zeros,” the Iranian Islamic regime said in a media statement, according to the government news outlet PressTV....
  • As usual, Powell (Federal Reserve) let us down [Trump Tweet]

    07/31/2019 1:54:16 PM PDT · by Moonman62 · 47 replies
    Twitter ^ | 07/31/19 | President Trump
    What the Market wanted to hear from Jay Powell and the Federal Reserve was that this was the beginning of a lengthy and aggressive rate-cutting cycle which would keep pace with China, The European Union and other countries around the world ... As usual, Powell let us down, but at least he is ending quantitative tightening, which shouldn’t have started in the first place - no inflation. We are winning anyway, but I am certainly not getting much help from the Federal Reserve!
  • U.S. to pay farmers up to $16 billion for trade war losses, South to benefit

    07/26/2019 9:14:01 PM PDT · by Berlin_Freeper · 63 replies
    reuters.com ^ | JULY 25, 2019 | Pamuk, Plume
    The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest.
  • This Budget ‘Deal’ Looks Even Worse; Everything Goes Up Except Fiscal Sanity

    07/25/2019 7:50:33 AM PDT · by SeekAndFind · 21 replies
    Hotair ^ | 07/25/2019 | Taylor Millard
    The budget ‘deal’ being touted by President Donald Trump and House Speaker Nancy Pelosi will do nothing to solve the federal government’s fiscal issues. It’s more likely this ‘compromise’ is going to make problems even worse, especially once the debt markers are called in – whenever that happens.One of the (if not the) biggest problems in the ‘agreement’ is the fact spending can go up without any worry about hitting some sort of artificial barrier. 2. The Agreement modifies the discretionary spending caps imposed by the Budget Control Act (“BCA”) for fiscal years 2020 and 2021 pursuant to the...
  • Art of the Budget Deal: Trump, Pelosi Agree to Up Spending and Debt

    07/23/2019 12:30:47 PM PDT · by Tolerance Sucks Rocks · 37 replies
    The Daily Signal ^ | July 22, 2019 | Fred Lucas
    When President Donald Trump begrudgingly signed a budget deal he called “ridiculous” in order to get increases for the military budget, he asserted: “I’m not going to do it again.” That was 16 months ago. Now, the Trump administration and House Democrats reportedly have reached a deal to suspend the debt limit temporarily and increase spending by more than $300 billion with only limited cuts. Around 5:45 p.m. in Washington, the president tweeted: "I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy...
  • WH projects $1 trillion deficit for 2019

    07/16/2019 10:00:43 AM PDT · by DoodleDawg · 76 replies
    The Hill ^ | 7/16/19 | Niv Elis
    The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level, excluding the four-year period following the Great Recession. "The 2019 deficit has been revised to a projected $1.0 trillion," the White House Office of Management and Budget (OMB) wrote in its midyear review. As a candidate, President Trump promised to wipe out not only the deficit but the entire federal debt, which has surpassed $22 trillion. Republicans cast aside projections that their 2017 tax reform law would add $1.9 trillion to the deficit...
  • End The Fed

    07/23/2019 12:42:54 PM PDT · by Windflier · 8 replies
    Facebook ^ | Unknown | US BLS