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Keyword: inflation

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  • Degree of frustration with cost of college (Outcry grows nationwide on soaring tuitions)

    12/27/2011 10:02:12 AM PST · by SeekAndFind · 40 replies
    Washington Times ^ | 12/26/2011 | By Ben Wolfgang
    As tuition costs skyrocket and graduates walk away saddled with ever-rising amounts of debt, American colleges now face a choice: Remain a part of the problem, or begin contributing to a solution. The average cost to attend a public university shot up 8.3 percent this year, while private institutions raised their prices 4.3 percent. Over the past decade, tuition rates have risen 72 percent, and universities are now taking more heat than ever from government officials, education specialists and middle-class families, all of whom think the higher-education sector hasn’t done enough to reverse the trend. If the current trajectory continues,...
  • Correcting The Growth Of Human History

    12/22/2011 12:20:16 PM PST · by blam · 16 replies
    The Daily Reckoning ^ | 12-22-2011 | Bill Bonner
    Correcting The Growth Of Human History By Bill Bonner 12/22/11 Baltimore, Maryland – And so, yesterday, the northern hemisphere had its shortest day of the year. In Baltimore, the sun never rose and never set. It was gray all day. Then it was night again. And so the days dwindle down to a precious few. In astronomical terms, the year is already over. We have passed the winter solstice. From here on out the days grow longer. In terms of the Gregorian Calendar, we still have a few more days to go in 2011. Then, we face a new year....
  • Euroland euphoria on Mario Draghi bank rescue

    12/20/2011 8:08:02 PM PST · by bruinbirdman · 6 replies
    The Telegraph ^ | 12/20/2011 | Ambrose Evans-Pritchard, and Louise Armitstead
    Southern Europe's battered debt markets are basking in a glorious pre-Christmas rally as hedge funds and investors celebrate a blast of cheap liquidity from the European Central Bank. Yields on Spain's three-month notes plummeted to 1.74pc on Tuesday from 5.11pc last month, leading euphoric moves across the eurozone periphery. Spanish 10-year yields fell below 5pc for the first time in two months, with credit rallies in Italy, Belgium, and Ireland. Exuberance lifted Germany's DAX index by 3pc, the French CAC by 2.7pc, and FTSE 100 by 1pc, with ripple effects through commodities and risky assets worldwide. The buying spree comes...
  • China Economy May Drag World Down

    12/17/2011 11:07:34 AM PST · by blam · 13 replies
    TMO ^ | 12-17-2011 | Barry Elias
    China Economy May Drag World Down Economics / China Economy Dec 17, 2011 - 07:39 AM By: Barry Elias My column of June 24, 2011 ("China Yield Inversion May Portend Economic Slowdown") opened with the following sentence: “The yield on Chinese bonds are inverting at an accelerating rate. This does not portend well for the Chinese economy, and this may have negative implications globally.” China’s contribution to global economic growth this year is nearly 40%.The reason: property construction in China boomed significantly during the previous decade. The Chinese government controls all the allocation of land. Beginning in 1998, Chinese authorities...
  • Everyone Is Mocking Gold Bugs And Ron Paul Fans These Days

    12/15/2011 10:54:49 AM PST · by blam · 36 replies
    Tbi ^ | 12-15-2011 | Joe Weisenthal
    Everyone Is Mocking Gold Bugs And Ron Paul Fans These Days Joe Weisenthal Dec. 15, 2011, 12:01 PM Gold bugs are some of the most annoying people in the world, so with gold cliff-diving these days, people loving the chance to mock them. Nouriel Roubini, for example, has been tweeting up a storm about how gold bugs are in hiding. Yesterday, Paul Krugman put up a post pointing out how the hyperinflationary predictions of Ron Paul fans aren't coming to pass, as commodity prices and gold prices sink. Matt Phillips at the Wall Street Journal twists the knife by pointing...
  • "Ranting" Andy Hoffman--The Why Behind the Latest Gold Takedown

    12/13/2011 1:35:30 PM PST · by appeal2 · 11 replies ^ | 12/13/11 | Kerry Lutz
    Ranting Andy Hoffman is back on the show to discuss the most recent attack by "Da Boyz" in an attempt to convince the populace that everything is fine and that nothing can go wrong. However, even while the price of precious metals appears to go down, there is no evidence of any physical gold and silver holders are paying any heed. They are holding on to their metals caches and even using the brief dip as an opportunity to load up on more. Perhaps they know something that the rest of the population doesn't. As Andy stated, there is a...
  • SF becomes first US city to top $10 minimum wage (useful idiot alert)

    12/12/2011 4:28:41 PM PST · by RWB Patriot · 19 replies
    Associated Press ^ | 12-12-2011 | Beth Duff-Brown
    SAN FRANCISCO (AP) -- David Frias works two minimum-wage jobs to squeak by in one of the most expensive cities in America. Come New Year's Day, he'll have a few more coins in his pocket as San Francisco makes history by becoming the first city in the nation to scale a $10 minimum wage. The city's hourly wage for its lowest-paid workers will hit $10.24, more than $2 above the California minimum wage and nearly $3 more than the working wage set by the federal government. It won't put much more in Frias' wallet. But it gives him a sense...
  • Buy Silver…Now!

    12/08/2011 3:34:18 PM PST · by blam · 25 replies
    The Daily Reckoning ^ | 12-8-2011 | Matt Badiali
    Buy Silver…Now!By Matt Badiali 12/08/11 Silver is an amazing metal…which is why it’s likely to soar over the coming years… You see, silver has more than 10,000 uses. It’s one of the world’s best conductors of heat and electricity. Inventors filed more patents on silver uses than any other precious metal in the world. And when silver is used for most industrial and technological purposes, it is used up forever… It simply costs too much to try to recycle the tiny bit of silver from every cell phone or casino chip. I’m not saying industry is going to use up...
  • Start Thinking in Terms of Gold Price (Currency Dilution is Coming)

    12/07/2011 5:21:08 PM PST · by SeekAndFind · 27 replies
    Casey Research via Zero Hedge ^ | 12/07/2011 | Jeff Clark
    Submitted by Jeff Clark of Casey ResearchStart Thinking in Terms of Gold PriceA young woman – let's call her Andrea – inherited some money from her father in late 1997. She was only nineteen at the time. Not knowing the first thing about investing, she kept the money in stocks and bonds as her father had, wanting to hold on to it until she really needed it. She played it "safe."She got married last year and so began to withdraw the money. She was pleased to see a chart from the broker that showed her portfolio was up about...
  • Kicking The Can Down The Road Will Officially Stop Working In 2013

    12/04/2011 3:43:15 PM PST · by blam · 16 replies
    Bruce Krastering ^ | 11-4-2011 | Bruce Krastering
    Kicking The Can Down The Road Will Officially Stop Working In 2013Sunday, December 4, 2011Bruce Krastering Luis Echeverria became president of Mexico in 1970. These were troubled times for the country. By the end of his term in 1976 every economic variable was running off the rails. Huge inflation, current account, trade and big budget deficits. To keep the economy alive numerous steps were taken to kick the can down the road through the next election. The most dangerous efforts that Mexico took were in its debt profile. The public and private sector was borrowing in dollars. The worst part...
  • If Laws Change, 'Penny Hoarders' Could Cash In On Thousands Of Dollars

    12/04/2011 6:02:21 AM PST · by blam · 44 replies
    Yahoo - ABC News ^ | 12-2-2011 | NEAL KARLINSKY and MARY-ROSE ABRAHAM
    If Laws Change, 'Penny Hoarders' Could Cash In On Thousands Of Dollars By NEAL KARLINSKY and MARY-ROSE ABRAHAM ABC News – Fri, Dec 2, 2011If Laws Change, 'Penny Hoarders' Could Cash in on Thousands of Dollars (ABC News … Joe Henry is on a first name basis with bank tellers across his hometown of Medford, Ore., scouring 15 banks a week with one thing on his mind: pennies. Henry is often seen toting around bags of pennies, some he buys, others he changes back in for cash, which seems a little strange at first. He's not a collector, he is...
  • USDA Rural Development Offers Home Mortgages

    12/02/2011 3:42:58 PM PST · by RBW in PA · 20 replies
    Pike County Courier ^ | December 3, 2011 | Not Cited
    TUNKHANNOCK — USDA Rural Development offers a subsidized government program designed to assist low income, credit worthy families and individuals in purchasing existing or building new homes in rural areas. To qualify, applicants must be under the low-income limit for the county in which they would live (for a family of four in Pike County, that amount is $54,500), have an acceptable credit history and meet certain debt to income ratios. The current interest rate is 3.5% fixed over 33 years; no down payment is required; and funds for repairs (and sometimes closing costs) may be included in the loan....
  • Gary Wagner of speaks with Kerry Lutz

    12/02/2011 1:56:52 PM PST · by appeal2 ^ | 12-2-11 | Kerry Lutz
    Gary Wagner has been a trader and a market technician for over 25 years. In early in 2009 he began to focus his attention on one market: Gold. The yellow metal, gold, began to rally in 2008, but Gary knew the best was yet to come. He believed that gold was poised for an incredible and explosive upside move. Thus the GoldForecast was born. Gary’s daily video newsletter is always interesting and often profitable. He uses a combination of fundamental and technical analysis. We talked about the invention of paper money by the Chinese in the 10th century and their...
  • China 'hiding up to 3,000 nuclear warheads in secret tunnels'

    12/01/2011 2:21:24 PM PST · by Red Steel · 31 replies
    The Telegraph ^ | 9:23AM GMT 01 Dec 2011
    An unconventional project by US university students has concluded that China's nuclear arsenal could be many times larger than current estimates, drawing the attention of Pentagon analysts. The Washington Post reported on Tuesday that Georgetown University students under the instruction of a former Pentagon official have assembled the largest body of public knowledge yet about a vast network of secret tunnels dug by China's secretive Second Artillery Corps, responsible for nuclear warheads. The 363-page study has not yet been published, but has already sparked a congressional hearing and been circulated among top US defence officials, including the Air Force vice...
  • Georgetown students shed light on China’s tunnel system for nuclear weapons

    11/30/2011 1:40:44 PM PST · by posterchild · 50 replies
    Washington Post ^ | Nov 29, 2011 | William Wan
    The Chinese have called it their “Underground Great Wall” — a vast network of tunnels designed to hide their country’s increasingly sophisticated missile and nuclear arsenal. For the past three years, a small band of obsessively dedicated students at Georgetown University has called it something else: homework. Led by their hard-charging professor, a former top Pentagon official, they have translated hundreds of documents, combed through satellite imagery, obtained restricted Chinese military documents and waded through hundreds of gigabytes of online data.
  • Leaping Toward The Keynesian Dream

    11/30/2011 8:46:50 PM PST · by blam · 16 replies
    The Daily Reckoning ^ | 11-30-2011 | Jeffery Tucker
    Leaping Toward The Keynesian Dream By Jeffrey Tucker 11/30/11 The Fed’s latest inflationary scheme sounds like a technocratic innovation. It lowered the costs of currency swaps between central banks of the world with the idea that the Fed would do for the globe what Europe, England, and China are too shy to do, which is run the printing presses 24/7 to bail out failing institutions and economies. In effect, the Fed has promised to be the lender of last resort for the entire global economy. It sounds new, but it is not. Following the Second World War, John Maynard Keynes...
  • Perpetual Q.E. Without The Billboard, Hyper Monetary Inflation

    11/30/2011 8:39:37 PM PST · by blam · 2 replies
    TMO ^ | 11-30-2011 | Jim Willie CB
    Perpetual Q.E. Without The Billboard, Hyper Monetary Inflation Interest-Rates / Quantitative Easing Nov 30, 2011 - 08:15 AM By: Jim Willie CB The US Federal Reserve has fooled a lot of people into believing that the grand monetary pump and debt monetization project has been put on hold. The only thing that changed was their talking publicly about it. The money press has been working to the limit, never stopped. The discussion has been kept quiet, but the machinery still makes a lot of shrill noise. The proof is not movement of lips by central bankers, but the data from...
  • Badly-Needed Alaskan Oil Is Kept From Market By Obama Decision

    11/30/2011 6:06:55 PM PST · by raptor22 · 11 replies
    Investor's Business Daily ^ | November 30, 2001 | IBD staff
    Energy Policy: The same administration that says we can and should get oil from the National Petroleum Reserve in Alaska is blocking a bridge needed to get it to market on environmental grounds. In his May 14 weekly radio address, President Obama called for annual lease sales in the National Petroleum Reserve-Alaska (NPRA), not necessarily out of any conviction that increased domestic energy supply is good for prices and national security, but basically to perpetuate the myth that the oil companies refuse to drill in leased or leasable areas. While he restricts oil production in the Gulf of Mexico and...

    11/30/2011 7:08:09 AM PST · by blam · 21 replies
    TBI ^ | 11-30-2011 | Joe Weisenthal
    CHICAGO PMI BEATS EXPECTATIONS: DOW NOW UP 375 Joe Weisenthal Nov. 30, 2011, 9:45 AM The good news keeps rolling in. The Chicago PMI came in at 62.6, well ahead of expectations of 58.5. The Dow is up 380 now. Stocks were already surging thanks to major central bank intervention, as well as a strong ADP number.
  • Fed, global central banks move to boost financial system (Got Inflation?)

    11/30/2011 5:36:50 AM PST · by TSgt · 77 replies
    MSNBC ^ | 11/30/2011 | By Patrick Rizzo
    The U.S. Federal Reserve, acting with five other central banks, took steps Wednesday to boost the troubled global financial system by making it cheaper for banks to trade in U.S. dollars. The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.