globaleconomicanalysis.blogspot.com / Mish” Shedlock / August 28, 2015
Personal income for July rose as expected in today’s Personal Income and Outlays report. Consumer spending rose nearly as expected, led of course by auto sales. Price pressure was nonexistent.
There’s no hurry for a rate hike based on the July personal income and outlays report […]
zerohedge.com / by Tyler Durden on 08/27/2015 15:20
Earlier this year, Picasso’s Women of Algiers (Version O), set an auction house record when it sold for $179,365,000, including the house’s premium, prompting us to remark that if you were looking for signs of runaway inflation, Christie’s may be a good place to start. We remarked […]
marctomarket.com / by Marc Chandler / August 26, 2015
The US dollar and US equity futures responded favorably to the stronger than expected durable goods orders. The sizable upward revision in the June shipments (from 0.3% to 0.9%) underscore expectations that Q2 GDP will be revised sharply higher when reported tomorrow.
Headline durable goods orders […]
davidstockmanscontracorner.com / by Raúl Ilargi Meijer / August 26, 2015
Look, it’s very clear where I stand on China; I’ve written a lot about it. And not just recently. Nicole Foss, who fully shares my views on the topic, reminded me the other day of a piece I wrote in July 2012, named Meet China’s […]
truthingold.com / August 25, 2015 at 11:13
Silver has been at the mercy of the global markets over the last 24 hours as it was seen more as a commodity than a store of wealth. That has led to a head and shoulders pattern forming that provides an entry point to take advantage of […]
news.goldseek.com / By Peter Cooper / 26 August 2015
What was the best asset class to buy for the recovery that followed the 2008-9 crash in global financial markets? Step forward gold whose rise was only exceeded by silver.
Precious metals not only delivered the fastest recovery from that huge sell-off but offered increases […]
zerohedge.com / by Tyler Durden on 08/23/2015 14:34
The wind up for the most telegraphed rate hike in history was supposed to achieve one thing: generate benign inflation in the form of a rising short end and a broadly steeper yield curve, or in short: boost inflation expectations without crashing the market (recall after 7 […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Wednesday, August 19, 2015 4:14 PM
Crude prices are back to where they were in 2004. Before that, crude previously topped near $41 in September of 1990!
Recall the hyperinflation talk in June of 2008 when crude hit $147?
Cries of massive price inflation again became talk of […]
marctomarket.com / by Marc Chandler / August 20, 2015
Oil prices have fallen to new lows following news of the an unexpected 2.68 mln barrel build of US crude oil inventories. The API data had prepared the market a small draw down. Many view the sharp drop in oil prices through the lens of […]
wallstreetexaminer.com / by Alan Tonelson • August 19, 2015
The Labor Department’s July inflation-adjusted wage figures came out this morning, and for a change, the biggest new development (at least IMO!) isn’t on the month-to-month front, the year-to-year front, or even the trend-since-the-recovery-began front (though all of these numbers once again trash the idea of […]
wallstreetexaminer.com / by Lee Adler • August 19, 2015
Now that the CPI fiction has been posted, it requires that this post I wrote the other day be recycled for a second reading. The government reported and Big Media press release repeaters dutifully disseminated today that CPI Core rose by 0.1% in July on a […]
mises.org / Thorsten Polleit / AUGUST 19, 2015
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away […]
zerohedge.com / by Tyler Durden / 08/19/2015 06:37 -0400
With China’s currency devaluation having shifted to the backburner if only for the time being, all attention was once again on the Chinese stock market roller coaster, which did not disappoint: starting off with yesterday’s dramatic 6.2% plunge, the Shanghai Composite crashed in early trading, […]
goldcore.com / By Mark O’Byrne / August 18, 2015
Nick Bullman of Check Risk interviewed GoldCore’s Mark O’Byrne on “Down To Business” at the early hour of 0630 this morning. Topics covered were:
– Gold’s fall in price in recent months – All focus on gold price and forgetting gold’s value as a diversification […]
marctomarket.com / by Marc Chandler / August 18, 2015
Firmer UK inflation has helped sterling recover from yesterday’s decline. Resistance $1.5700 has been overcome making $1.58 the next technical target. Poor US housing starts data, after a heady 9.8% increase in June, with permits unwinding 7.4% rise could provide better fundamental cover to push […]
news.goldseek.com / By Peter Cooper / 17 August 2015
Billionaire investor Stanley Druckenmiller has just raised his gold holdings to 20 per cent of the asset allocation reported by his Duquesne Family Office, according to Zerohedge.com.
He’d not been a big investor in gold in the recent past despite public warnings about the danger of […]
truthingold.com / August 14, 2015
Put away the champagne, gold bulls. The metal’s best forecasters don’t expect the party to last much longer.
Futures in New York are on pace for the biggest weekly rally since mid-June after China’s surprise yuan devaluation roiled global markets and lifted demand for haven assets. Bulls shouldn’t expect the […]
wallstreetexaminer.com / by Lee Adler / August 14, 2015
One of the best measures of consumption goods inflation has now been above the Fed’s 2% target for 19 consecutive months.
The BLS Producer Price Index for Finished Consumer Goods Excluding Food and Energy rose at an annual rate of +2.9% in July. The inflation rate […]
acting-man.com / By Pater Tenebrarum / August 13, 2015
A Sudden Trend Change
Earlier this year, inflation expectations – this is to say “expectations regarding the future rate of change of CPI” – rose sharply from a multi-year low posted right at the beginning of the year. In recent weeks this trend has reversed […]
zerohedge.com / by Tyler Durden / 08/14/2015 09:13 -0400
It appears the US Consumer is losing faith. August preliminary UMich Consumer Sentiment slipped from July’s 93.1 and missed expectations. This is the 2nd weakest print since November. Longer-term inflation expectations fell back to 2.7% and expectations for household income growth slipped to just 1.6%, […]
marctomarket.com / by Marc Chandler / August 14, 2015
The Federal Reserve meets in a month. We all can appreciate that one of the most important elements is expectations. How should investors measure expectations? We can take a page from the Fed’s playbook itself. It has identified two ways to measure inflation expectations. There […]
trueeconomics.blogspot.com / by Constantin Gurdgiev / Friday, August 14, 2015
Couple of interesting charts showing the latest annual data on individual consumption in the EU.
First, volume indices of real expenditure per capita in PPS (with index for each year set at EU28=100) (these figures are adjusted for inflation and exchange rates differences.
zerohedge.com / by Tyler Durden / 08/13/2015 08:10 -0400
Minutes from the ECB’s most recent policy meeting reveal that Mario Draghi and company have a number of concerns about the pace of economic growth in the euroarea and about the outlook for inflation which, much to the governing council’s surprise, “remains unusually low.”
mises.org / Brendan Brown / AUGUST 12, 2015
Asset price inflation, a disease whose source always lies in monetary disorder, is not a new affliction. It was virtually inevitable that the present wild experimentation by the Federal Reserve — joined by the Bank of Japan and ECB — would produce a severe outbreak. And […]