U.S consumer prices rose modestly in July according to the latest data release from the Bureau of Labor and statistics, with headline inflation rising a timid 0.1 percent compared with the 0.3 percent gain in June. The rate of annualized inflation now stands at 0.2%, well short of the Federal Reserve’s target of 2% and … Continue reading Tame inflation numbers put rate hike in further doubt
Manufacturing data from New York released earlier today paints a brutal picture of the slowdown which is currently taking root in the US economy. The latest report, commissioned by the Federal Reserve Bank of New York, revealed a activity in the region had slumped at the fastest pace since the height of the subprime turmoil … Continue reading The End of the Candy Floss Economy
The rising cost of rent is starting to become one of the biggest challenges that average working class and middle class families are having to face. Despite assurances from the Federal Reserve that inflation remains subdued (and for cheap quality use once and throw away goods this is probably true), the cost of essential services … Continue reading I’m glad inflation is under control because I can’t afford my rent!
When savers and investors seek alternatives to the US Dollar, precious metals are often their first port of call due to the tremendous store of value and inflation fighting properties which they possess. Gold above all, is the most coveted of the precious metals, but in a scenario of total economic collapse, many people believe … Continue reading Junk Silver: Half Dollars worth more than 10 times its face value?
As if the deck wasn’t already severely stacked against the average investor, new criminal fraud charges have been brought against 32 global investors by the DOJ for hacking Dow Jones Newswires which shed new light on a growing business for criminal investors – inside information. As part of the scheme, a group of Ukrainian hackers … Continue reading Hacking, Inside Information and the increasingly rigged wall street game
The People’s Bank of China (PBOC) stunned markets overnight with a shock devaluation of the Yuan, a move few if any Wall Street analysts saw coming. The Yuan devaluation is the latest in a string of policy moves to come out of China in a bid to help stimulate an economy which looks increasingly on … Continue reading China enters the global currency war with Yuan devaluation
The US dollar is enduring a turbulent start to the week on the back of a growing sense amongst investors that the Fed will delay raising interest rates to December at the earliest. The dollar is losing ground against all of its major competitors, falling -0.5% against the Euro and nearly -0.7% against the British … Continue reading Dollar drops, Gold pops as rate hike expectations begin to fade
Banks in the United States are set to increase their credit exposure to the consumer sector by Increasing the limit for individuals on their credit card and offering more credit cards to customers according to a recent report from the Federal Reserve. Now, before people start jumping up and down as their spending power suddenly … Continue reading Consumer lending looks set to surge
Since the financial collapse of 2008, the most popular policy response amongst the world’s governments and central banks has been an unprecedented increase in the money supply with the expressed aims of fighting deflation and boosting overall demand within their respective economies. Disguised under nondescript titles such as “Quantitative Easing”, what these central banks have … Continue reading What the United States can learn from Zimbabwe
The Great Depression of the 1930s is one of the most studied periods in economic history, due largely to the vast array of policy responses that were introduced to try and pull the failing economy out of the doldrums and on to a more prosperous path. Increased government intrusion into daily life, most notably into monetary affairs, … Continue reading Silver Nationalization and the Early Seeds of Inflation