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56%  
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Keyword: inflation

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  • Venezuela's annual inflation hit 833,997 percent in October: Congress

    11/07/2018 1:49:37 PM PST · by antidemoncrat · 38 replies
    Reuters ^ | updated 11/7/2018 | Marco Bello
    Venezuela’s consumer prices rose 833,997 percent in the twelve months through October, according to a report by the opposition-controlled Congress published on Wednesday, the latest sign that policy changes in August failed to halt rampant hyperinflation.
  • Ex-Fed chief Greenspan: This is the tightest labor market I've ever seen

    10/18/2018 3:32:07 PM PDT · by DannyTN · 17 replies
    cnbc.com ^ | 10/18/2018 | Berkeley Lovelace Jr
    ... "This is the tightest market, labor market, I've ever seen, he said in an interview with "Squawk Box." "But concurrently, we have a very slow productivity increase." ...
  • Dow plummets 600 points in worst drop since March

    10/10/2018 12:37:22 PM PDT · by BradtotheBone · 118 replies
    CNBC ^ | 10/10/2018 | Fred Imbert
    Stocks sank on Wednesday as a steep decline in tech shares and worries of rapidly rising rates sent Wall Street on pace for its worst day in six months. The Dow Jones Industrial Average traded more than 600 points lower as Intel and Microsoft fell more than 2.5 percent each. The Nasdaq Composite plummeted 3 percent. The S&P 500 dropped 2.5 percent, with the tech sector underperforming. The broad index was also headed for a five-day losing streak — which would be its longest since late 2016 — and fell below its 50-day moving average, a widely followed technical level....
  • Inflation Target Regrets

    10/10/2018 12:28:58 PM PDT · by george76 · 4 replies
    Townhall ^ | Oct 09, 2018 | Michael Pento
    For years central banks had been keeping rates near 0%, or below, and at the same time printing over a hundred billion dollars’ worth of fiat currencies each and every month to purchase bonds and stocks. That is all changing now. ... fourteen major global central banks are either in the process right now, or have indicated that they be will next year, in the process of raising interest rates. At the same time, QE on a global net basis will plunge from $180 billion per month at its peak during 2017, to $0 by December…and will then go negative...
  • U.S. producer prices post first drop in one-and-a-half years

    09/12/2018 6:52:24 AM PDT · by BenLurkin · 10 replies
    reuters ^ | 09/12/2018 | Lucia Mutikani
    U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products. Despite the surprise weakness in producer prices reported by the Labor Department on Wednesday, overall inflation is steadily rising, driven by a tightening labor market and robust economy. The Federal Reserve is expected to raise interest rates later this month for the third time this year.
  • Inflation and delays could add billions more to bullet train project costs

    08/26/2018 8:15:32 PM PDT · by BenLurkin · 70 replies
    l a times ^ | Aug 26, 2018 | 4:00 AM | Ralph Vartabedian
    The California bullet train project has cost state taxpayers an average $3.1 million a day over the last year — a construction spending rate higher than that for the Bay Bridge, Boston’s Big Dig or any U.S. transportation project in recent history. ... “That burn rate is ludicrous,” ...James Moore, director of USC’s transportation engineering program. “It is so far outside standard experience that it doesn’t make sense to assume it will occur.” … The actual costs will depend on the price of a pound of steel, a cubic yard of concrete, an acre of farmland or an hour of...
  • What Venezuelan savers can teach everyone else

    07/23/2018 6:46:10 PM PDT · by Diana in Wisconsin · 10 replies
    The Economist ^ | 7-19-2018 | Buttonwood
    ASK the chief investment officer of a fund-management firm how to spread your investments and you will be told to put so much in stocks, so much in bonds and something in hedge funds or private equity. Chances are that white-elephant buildings, eggs and long-life milk will not feature. But in Venezuela, where the inflation rate is in the tens of thousands, things that people elsewhere would shun for fear they will lose value have become stores of real wealth. That is why you can see scaffolding and other signs of a building boom dotted around Caracas, the capital of...
  • Inflation, gas prices, tariffs squeeze consumers

    08/01/2018 10:21:50 AM PDT · by DCBryan1 · 22 replies
    Seattle times ^ | 01 AUG 18 | By SARAH SKIDMORE SELL and DAMIAN J. TROISE
    The price of a can of Coca-Cola? Likely going up. A package of Pampers? That too. Plane tickets? They also may be more expensive. These items and more may cost more in the coming months as people start feeling the effects of higher fuel prices and raw-material costs as well as a range of tariffs. Janette Hendricks said she has noticed higher prices on “just about everything” in the past three months or so. That’s put a little pressure on the recently retired nurse in Washington. So she goes shopping less often, “makes things stretch,” and she always shops for...
  • Venezuela's inflation on track to top 1 million percent, IMF says

    07/23/2018 6:01:45 PM PDT · by EdnaMode · 56 replies
    CBS News ^ | July 23, 2018
    Economists say inflation in Venezuela could top an astounding 1 million percent by year's end as the country's historic crisis deepens. The International Monetary Fund predicted the decline Monday. The once wealthy oil-producing nation of Venezuela is in the grips of a five-year crisis that leaves many of its people struggling to find food and medicine, while driving masses across the border for relief into neighboring Colombia and Brazil. Shortages in electricity, domestic water and public transportation plague millions of Venezuelans, who also confront high crime, the IMF noted. Socialist President Nicolas Maduro often blames Venezuela's poor economy on an...
  • Venezuela's inflation rate tops 40,000 per cent for first time ever

    07/01/2018 5:00:51 AM PDT · by Libloather · 44 replies
    Yahoo ^ | 7/01/18 | Gina Heeb
    Venezuela's inflation rate has hit a new high with consumer prices in the crisis-ridden country rising by more than 40,000 per cent annually for the first time on record, according a top economist. **SNIP** Venezuela's government has largely stopped reporting economic data, including internal measures of inflation. The Central Bank of Venezuela, which did not immediately respond to request for comment, has not independently released inflation figures in at least a year. **SNIP** Mr Abadia said Venezuela is a "disaster area" and that as long as Mr Maduro is in power, the economy will "continue to collapse." But Mr Maduro...
  • The Real Economic Numbers: 21.5% Unemployment, 10% Inflation And Negative Economic Growth

    06/13/2018 7:55:59 PM PDT · by SeekAndFind · 90 replies
    TEC ^ | 06/12/2018 | Michael Snyder
    Every time the mainstream media touts some “wonderful new economic numbers” I just want to cringe. Yes, it is true that the economic numbers have gotten slightly better since Donald Trump entered the White House, but the rosy economic picture that the mainstream media is constantly painting for all of us is completely absurd. As you are about to see, if honest numbers were being used all of our major economic numbers would be absolutely terrible. Of course we can hope for a major economic turnaround for America under Donald Trump, but we certainly are not there yet. Economist John...
  • Venezuela's hyperinflation at new dizzying high

    06/12/2018 6:27:21 AM PDT · by C19fan · 31 replies
    AFP ^ | June 11, 2018 | Staff
    Venezuela's sky-high inflation soared to 24,571 percent in the past 12 months, lawmakers said Monday. President Nicolas Maduro's socialist government controls most of the country's economy and is in the midst of an ever-deepening crisis with food and medicine in short supply. Analysts blame what they call mismanagement of a state-led economy. That includes its control over hard currency, as well as low oil prices. Venezuela depends on crude oil for its earnings.
  • Fed indicates it will let inflation run above 2 percent goal for 'temporary period'

    05/23/2018 3:48:05 PM PDT · by BenLurkin · 25 replies
    The Fed's preferred inflation gauge, the core personal consumption expenditures index, currently is at 1.9 percent, while the headline rate including energy and food prices is at 2 percent. Fed officials described wage pressures as "moderate" though it noted there has been more pressure in industries where labor supply is tightening. Fed officials see 2 percent inflation as a level that sustains economic growth without putting too much upward pressure on prices. After seven years of keeping its benchmark interest rate near zero, the FOMC began raising rates in December 2015, with the current target range at 1.5 percent to...
  • Inflation is coming to the US economy on an 18-wheel flatbed

    05/23/2018 7:53:37 AM PDT · by BenLurkin · 59 replies
    CNBC ^ | 05/22/2018
    Multiple signs of inflation in freight-related industries are at or near historical highs, in what could be an early sign that price pressures are building and ready to reverberate around the economy. Freight marketplace DAT keeps track of supply and demand in the freight industry through a bulletin board that matches companies with loads to be delivered to the vehicles that will take the goods to the marketplace. The measures are in the spot market, where vendors that don't contract their deliveries find drivers for their products. Recent readings show demand for vehicles skyrocketing, a sign that generally points to...
  • When Money Dies: In Venezuela, A Haircut Costs 5 Bananas And 2 Eggs

    05/06/2018 11:11:31 AM PDT · by blam · 66 replies
    Gold Is Money ^ | 5-6-2018
    For Venezuela's economy, the ascent into socialist paradise did not turn out quite as planned: in fact, under the Maduro regime, the country with the world's biggest petroleum reserves somehow reversed course, and crashed through every single circle of economic hell, and now that its hyperinflation has hit levels that would make even Mugabe and Rudy von Havenstein blush, all that's left is barter. And, as Fabiola Zerpa explains as part of Bloomberg's fascinating "Life in Caracas" series, i.e., watching economic and social collapse in real-time, in Venezuela, a haircut now costs 5 bananas and 2 eggs. The other day,...
  • Unemployment claims fall to 48-year low

    04/27/2018 2:51:21 PM PDT · by ProtectOurFreedom · 7 replies
    The Hill ^ | 4/26/18 | Vicki Needham
    First-time claims for unemployment benefits fell to a 48-year low last week as the labor market shows further signs of tightening after years of steady growth. Claims plummeted to 209,000, a decrease of 24,000 in the week through April 21, from the previous week's 232,000, the lowest level since Dec. 6, 1969, the Labor Department reported on Thursday. The four-week moving average, a better gauge of the labor market's health, fell by 2,250 claims to 229,250. New York accounted for the bulk of the drop, with the number of claims in the state dropping 18,402. A tighter labor market is...
  • Inflation Is Here, Get Used To It

    04/25/2018 9:44:57 AM PDT · by blam · 54 replies
    I stopped to grab a burger in Marin County today and was kind of shocked to see the following posted on the front door. That is a pretty steep starting wage for nonskilled labor, and $5.00 more than the California minimum wage. In-N-Out does pay their employees well. The private burger chain pays store managers an average yearly salary of more than $160,000 with no college degree or previous management experience required. Facebook engineers soon to be flipping burgers. Nonbinding It is clear the minimum wage in California is nonbinding — that is irrelevant — and all the bluster about...
  • Tariffs Were Killing New Zealand’s Economy. Free Trade Turned It Around.

    03/22/2018 9:08:44 PM PDT · by Tolerance Sucks Rocks · 29 replies
    The Daily Signal ^ | March 16, 2018 | Patrick Tyrrell and Caleb Pascoe
    The new tariffs announced by President Donald Trump have generated intense controversy. With the debate ongoing, it might be useful to examine how other countries have dealt with similar policy debates in the past. New Zealand now ranks third in The Heritage Foundation’s Index of Economic Freedom and is one of the champions of economic freedom around the world. But it wasn’t always so. In the mid-1980s, New Zealand was facing an economic crisis, with its domestic market and international trade both heavily regulated. Unemployment had reached 11 percent, and inflation was a sky-high 15 percent. In response, the government...
  • Venezuela’s Hyperinflation Is Breaking Deli Scales [tr] [Bloomberg Link Only]

    03/14/2018 6:27:28 AM PDT · by C19fan · 10 replies
    Bloomberg [Link in Body of Thread] ^ | March 14, 2018 | Patricia Laya
    Click here to go to Bloomberg.
  • Monday Moanin’–They May Be Giants But They Are Not American Giants

    03/05/2018 7:14:26 AM PST · by NOBO2012 · 17 replies
    MOTUS A.D. ^ | 3-5-18 | MOTUS
    Yes it’s Monday Moanin.’ Also known in the trade as “what’s bothering you” it means that it’s time to let your inner-bitch out. Since I’ve been bitching about politics for over a decade I’m focusing on something that’s only ancillary to politics today: the long, slow march to the downsizing of America. I’m talking products here, the size reductions that require heirloom recipes to be recalibrated to accommodate for the new 14.75 ounce cans that used to hold 16.5 ounces and the 12 ounce boxes that once housed a full pound of pasta. I guess manufacturers thought we wouldn’t notice....