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Keyword: stagflation

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  • Unemployment keeps going down. So why aren't wages going up?

    09/22/2015 5:50:23 PM PDT · by ForYourChildren · 51 replies
    CNN ^ | September 21, 2015 | Heather Long
    Pay hasn't budged in years. It's a problem that goes far beyond those earning minimum wage and fighting for $15 an hour. The middle class is stagnating too. American household income is just shy of $54,000. It's barely moved from where it was 20 years ago. In recent years, many economists and the Federal Reserve have said: Don't worry! Wage increases are coming along with a better economy. "The economy has been performing well. And we expect it to continue to do so," Fed chair Janet Yellen, America's top economic policymaker, said Thursday. But Main Street Americans can hardly draw...
  • A stunning stat about pay seems impossible but actually is true

    09/22/2015 4:37:18 PM PDT · by ForYourChildren · 62 replies
    The Washington Post ^ | September 22, 2015 | Matt O'Brien
    Once upon a time, American men used to get something called a "raise." That is when your employer would actually pay you more money. Now, it is true that some people still have experience with this all-but-forgotten practice, but even the ones who do tend not to get pay increases that keep up with price increases. That is why, as David Wessel of the Brookings Institution points out, the typical male worker actually saw his after-inflation pay fall between 1973 and 2014. What is four lost decades between friends? So why, as you can see below, have median male earnings...
  • $100 Trillion American Economic Collapse with Jim Rickards

    12/11/2014 8:11:12 AM PST · by Ghost of SVR4 · 11 replies
    Youtube ^ | Oct 21, 2014 | Jim Rickards
    I don't know too much about Jim Rickards, just found this to be an interesting video about the overall economy and some tidbits about what our government agencies are up to. The video is a 45 minutes long interview of sorts and discussion. Just posting in the event other are interested.
  • Eurozone in danger of repeating Japanese stagnation, IMF chief warns

    10/10/2014 6:07:07 AM PDT · by TigerLikesRooster · 10 replies
    euobserver ^ | 2014/10/10 | Benjamin Fox
    Eurozone in danger of repeating Japanese stagnation, IMF chief warns By Benjamin Fox BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and falling into a prolonged cycle of recession and stagnation. Speaking on Thursday (9 October) ahead of the IMF's annual meeting in Washington DC, Lagarde said: “We have also alerted to the risk of recession in the eurozone", putting the likelihood of a drop in output at "between 35-40%, which is not insignificant". “We are not saying that the eurozone is heading towards recession, but we are saying that there is...
  • Trendy Chipotle burritos show how pricing power belongs to the hip

    07/29/2014 6:28:27 AM PDT · by C19fan · 83 replies
    Reuters ^ | July 28, 2014 | Jeffrey Dastin
    Corporate America can learn a lot from a chicken burrito. As many companies struggle to boost prices without alienating consumers, they may want to study Mexican-food chain Chipotle, which has managed to do both. Companies including Chipotle Mexican Grill Inc (CMG.N), Apple Inc (AAPL.O) and PepsiCo (PEP.N) have shown they're able to take advantage of quality, trendiness, and, in the case of Pepsi's snack foods, market dominance, to maintain high prices or even raise them faster than the inflation rate, now at about 2.1 percent in the U.S. Chipotle raised chicken-dish prices by 5 percent this year after leaving them...
  • Mortgage volume tanks on tiny rate rise [Yet Another Øbama Economic Triumph]

    06/19/2014 4:57:25 AM PDT · by markomalley · 5 replies
    CNBC ^ | 6/19/2014 | Diana Olick
    It didn't take much to keep potential borrowers away from their mortgage lenders last week—a minimal rise in rates sent volume tumbling 9.2 percent, according to the Mortgage Bankers Association (MBA). Applications to refinance a loan fell 13 percent on week, while applications to purchase a home fell 5 percent on week and are now 15 percent below the volume seen a year ago. "Interest rates increased relative to the previous week, as incoming economic data continues to suggest a pickup in the pace of growth," said Mike Fratantoni, MBA's Chief Economist. "Some lenders continue to report that they have...
  • Where Is The Inflation Today?

    01/15/2014 2:45:20 PM PST · by grimalkin · 26 replies
    Mises Economic Blog ^ | 1/15/2014 | Hunter Lewis
    People often ask today: if the Fed has created so much new money, why hasn’t it produced more inflation? When the Fed creates masses of new money, it initially flows to Wall Street, which profits from it in a variety of imaginative ways, but from there its path is unpredictable. The Fed inserted into the TARP bill in 2008 the authority to pay interest on bank reserves. Of course this interest is paid by creating even more new money, but it provides an incentive for banks to leave reserves idle. On the other hand, the reserves are not as idle...
  • Should the US Switch to a Parliamentary System? (This Question Hasn't Been Asked Since Jimmy Carter)

    04/23/2013 6:28:06 PM PDT · by DogByte6RER · 29 replies
    Pacific Standard Magazine ^ | April 9, 2013 | Seth Masket
    Institutions Worthy of Our Parties: Should the U.S. Switch to a Parliamentary System? Efforts to curb legislative partisanship have weak track records, so maybe we should consider changing the other side of the equation in order to establish a government that can actually get things done. Rick Hasen has a really interesting paper up discussing partisan polarization and the possibility of changing the Constitution to deal with it. (And you should really read Jonathan Bernstein’s response, too.) Hasen starts off by asking whether we should be considering moving toward a more parliamentary style of government. It’s a fair question. We...
  • Headache: Chicago Fed Activity Index Declines, Existing Home Sales Decline

    04/22/2013 7:10:48 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 04/22/2013 | Anthony B. Sanders
    Existing home sales were just announced and they were down -0.6% in March after printing at +0.8% in February (but revised downwards to +0.2%). Analysts were expecting +0.4%. A swing and a miss. Median home prices for existing home sales rose 6.4% from February to March. The Chicago Fed National Activity Index plunged in March to -0.23 from a reading in February of 0.44. Analysts were expecting a print of 0.29. Now, THAT is a big swing and a miss! And the Chicago Fed index and leading economic indicators are trending downwards. But Fox’s Eric Bolling says that real GDP...
  • A Republican Sellout Invites Stagflation

    12/26/2012 7:03:20 AM PST · by SeekAndFind · 1 replies
    RCM ^ | 12/26/2012 | John Browne
    While it may not be a surprise that the Republicans are preparing to yield on their vow to oppose tax hikes, it should raise investor concerns the world over that an upcoming budget agreement will likely involve a Congressional surrender of its authority to set the federal debt ceiling. In exchange for this, it appears that the Republicans have simply done nothing to halt, or even curb, the dangerous federal spending trajectories or the current drift towards greater state control of the economy. President Obama has politically outmaneuvered the Republicans, even going as far as evoking the Newtown massacre as...
  • U.S. wholesale prices rise 1.1% in September

    10/14/2012 2:02:59 PM PDT · by BenLurkin · 5 replies
    MarketWatch ^ | October 12, 2012| | Greg Robb, MarketWatch
    Producer prices climbed sharply in September for the second month as gasoline prices jumped, a government report said Friday. Producer prices rose 1.1% in September after an increase of 1.7% in August, the Labor Department said. ... The gain in producer prices, tracking the level of inflation at the wholesale level, was due to continued higher energy costs — particularly gasoline. Energy prices advanced 4.7% in September after having risen 6.4% in August. A 9.8% gain in gasoline prices accounted for more than 80% of the September gain, the Labor Department said. Food prices rose 0.2% in September, for the...
  • The Coming Financial Border Controls

    12/28/2011 4:25:33 PM PST · by Razzz42 · 4 replies
    Armstrong Economics ^ | December 27th , 2011 | Martin Armstrong
    OUR ultimate risk is that we will lose all our freedoms before there would be hyperinflation. The borders are closing silently. Tax havens are being attacked and every wire coming into the US is being traced to check who owns that account. Government is desperate to cling to power. It is naive to presume that our economic troubles will cause government to see the light and accept gold as the new money supply. The bankers, who really control government like the financial crack dealers, would never allow it. The attempt to manipulate gold during the Panic of 1869 and force...
  • 'Mini-Stagflation' to Present Big Headache for Bernanke

    08/28/2011 11:15:15 PM PDT · by MontaniSemperLiberi · 18 replies
    cnbc ^ | Friday, 26 Aug 2011 | Jeff Cox
    Federal Reserve Chairman Ben Bernanke used the word “inflation” exactly seven times in this Jackson Hole speech Friday. What he didn’t mention once was inflation’s ugly cousin and its baggage of not only rising prices but also higher unemployment. The prospect of stagflation, indeed, is raising a growing amount of hackles on Wall Street these days on worries that the jobless picture isn’t getting any better and the cost of living—the primary effect of inflation—is rising. Core inflation [cnbc explains] , mainly a measure of price increases not including food and transportation, gained 2.2 percent annualized in the second quarter,...
  • The return of stagflation Obama’s Carter-era policies bring back Carter-era problems

    06/26/2011 5:07:09 AM PDT · by radioone · 11 replies
    The Washington Times ^ | 6-24-11 | Nita Ghei
    The silver lining in the Federal Reserve's Open Market Committee Meeting on Wednesday is that quantitative easing seems to be off the table for now. Once the Fed ends its $600 billion bond-buying program at the end of this month, it’s over. The Fed remains committed to maintaining low to near-zero interest rates. Unfortunately, the good news ends there. The economy is doing far worse than expected, as Fed Chairman Ben S. Bernanke acknowledged. The gross-domestic-product growth rate dropped to 1.8 percent in first quarter of this year, sharply down from 3.1 percent in the fourth quarter of 2010. Unemployment...
  • Federal Reserve Lowers GDP, Raises Unemployment And Inflation Projections

    06/24/2011 8:45:43 AM PDT · by radioone · 10 replies
    Zero Hedge ^ | 6-22-11 | Tyler Durden
    The Fed has just taken one small step to acknowledging reality... and Zero Hedge's keyword of 2011: stagflation. The FOMC released its revised 2011-2013 economic forecast, which saw GDP getting slashed, while hiking its inflation and unemployment projections. Specifically, 2011 GDP was lowered from 3.2% to 2.8% even as it raised its average unemployment forecast from 8.6% to 8.8%. Next up: the stampeding herd of Wall Street lemmings follows suit. Below is the consensus 2011 GDP forecast from Wall Street "economists." I.e., from the people who are paid millions each year to maintain the status quo. So much for QE2.
  • Jimmy CarterVille - A Song Parody

    06/20/2011 12:57:27 PM PDT · by PALIN SMITH · 3 replies
    Connecticut Tea Party ^ | June 20, 2011 | Palin Smith
    Connecticut Tea Party patriots are well known for their song parodies. Two of the best perform a duet of "Jimmy Carterville" based on Jimmy Buffet's "Margaritaville".
  • Raging Stagflation: Inflation Higher As Empire State Mfg Index Tumbles, Confirms Contraction

    06/15/2011 9:17:31 AM PDT · by SeekAndFind · 5 replies
    Zero Hedge ^ | 06/15/2011 | Tyler Durden
    June brings us much more centrally planned stagflation. CPI increased 0.2% in May, higher than expected 0.1%, and up 3.6% Y/Y. This is the 11th consecutive increase in inflation. And so much for the CPI ex-Food and Energy which came at +0.3% on expectations of 0.2%, up from 0.2% in April: "The index for all items less food and energy increased 0.3 percent in May, its largest increase since July 2008. The indexes for apparel, shelter, new vehicles, and recreation all contributed to the acceleration, rising more in May than in April. These increases more than offset declines in the...
  • The Return of Stagflation

    05/30/2011 6:10:59 PM PDT · by rabscuttle385 · 19 replies
    The Wall Street Journal ^ | 2011-05-23 | Ronald McKinnon
    'Stagflation" is an ugly word for an ugly situation: persistent high inflation combined with high unemployment and stagnant demand in a country's economy. The term was coined by British politician Iain Mcleod in a speech to Parliament in 1965. We haven't experienced it here in the United States since the bad old days of the 1970s. Yet with prices on the rise and unemployment still high, the U.S. economy again seems to be entering stagflation. April's producer price index for finished goods, which excludes services and falling home prices, rose 6.8%. The Bureau of Labor Statistics reports that intermediate goods...
  • Rising Rents Risk U.S. Inflation as Fed’s Restraint Questioned

    05/30/2011 5:53:15 PM PDT · by rabscuttle385 · 23 replies
    Bloomberg | 2011-05-30 | Joshua Zumbrun
    Link only, per FR posting rules
  • This is What Stagflation Looks Like

    05/24/2011 1:01:53 PM PDT · by Kaslin · 7 replies ^ | May 24, 2011 | John Ransom
    Even as world equity markets move down with signs pointing to slowing global economic growth, a European Central Bank member is warning about inflation. "We have to take seriously the April rise in long-term inflation expectations and take it as a sign of increasing price perspectives when monetary policy is expansive," said Jens Weidmann, the head of Germany's Bundesbank.Translation: We need to tighten up money to combat inflation.Tighter money supply means slower growth. Of course, with protestors gathered all over the world asking for more handouts, it's possible that we could see governments loosen monetary policy to give out even more...