marctomarket.com / by Marc Chandler / Oct 24, 2016
The Canadian government renewed the Bank of Canada’s inflation target for five more years. It is the midpoint of the one-to-three percent range.
The five-year period runs until the end of 2021. The decision was widely expected. However, what was not expected was the changes to […]
marctomarket.com / by Marc Chandler / Oct 21, 2016
This afternoon I had the privilege of being on Bloomberg TV, with anchors Scarlet Fu and Matt Miller. I was joined by an old market friend Bob Sinche.
We had a lively discussion (what did you expect?) on two issues. The first was on the ECB. […]
mauldineconomics.com / BY JOHN MAULDIN / October 21, 2016
“I reject the insurance model. I think we should have a free-market approach to healthcare.” – Gary Johnson
“The goal of real healthcare reform must be universal coverage in a cost-effective way.” – Bernie Sanders
“The fault, dear Brutus, is not in our stars, but […]
wallstreetexaminer.com / by James Rickards via The Daily Reckoning / October 20, 2016
The Shanghai Accord in its simplest form is a weaker dollar, a weaker dollar for imported inflation, a weaker dollar to stimulate U.S. exports (as noted previously here). It was a way for China to cheapen their currency without breaking the peg […]
mises.org / Karl-Friedrich Israel / October 21, 2016
One of the most discussed topics in modern macroeconomics is the alleged trade-off between price inflation and unemployment. The Phillips curve became, in one form or another, the linchpin of modern monetary policy since the 1960s when Nobel laureates Paul Samuelson and Robert Solow presented the […]
wallstreetexaminer.com / by anthonysanders17 • October 20, 2016
There seems to be an inability of Central Banks to generate inflation. Take Mario Draghi and the European Central Bank.
This morning, ECB head honcho “Super” Mario Draghi pulled a Captain Obvious press conference.
(Bloomberg) — Mario Draghi signaled the European Central Bank probably won’t stop […]
news.goldseek.com / By Michael J. Kosares / 19 October 2016
“Gold prices have enjoyed a hefty climb so far this year as the market continues to guess the pace and timing of the next U.S. interest-rate hike, but the battle for the U.S. presidency is set to take center stage as Election Day nears. And […]
mises.org / Brendan Brown / Oct 19, 2016
President Obama’s High Command at the Fed has had the luck which Napoleon looked for in his generals. The exercise of two Yellen puts seems to have delayed the late dangerous stage of asset price inflation to beyond 2016 Election Day.
Growing evidence and diagnostic power supports […]
mises.ca / BRYCE MCBRIDE / OCTOBER 19, 2016
Some climate scientists, concerned with the warming impact of rising levels of carbon dioxide and other greenhouse gases in the atmosphere, have proposed that to keep temperatures cool what is needed is more pollution. More specifically, they suggest that more particulate pollution in the upper reaches of […]
marctomarket.com / by Marc Chandler / October 18, 2016
Many observers are puzzled. The last FOMC meeting showed three regional presidents felt sufficiently convinced of the need to hike rates immediately that they chose to dissent. On the other hand, the dot plots showed three officials did not think a hike this year is […]
zerohedge.com / by Tyler Durden / Oct 18, 2016
If yesterday’s session was dominated by concerns about Fed tightening and rising long-end rates, today fears about a hawkish Fed have subsided, and as a result European, Asian stocks and S&P futures all rose amid speculation Federal Reserve policy will remain accommodative after yesterday’s dovish […]
wallstreetexaminer.com / by Jim Wyckoff / October 17, 2016
(Kitco News) – World bond markets are seeing keener selling interest to start the trading week, led by U.K. gilts, which in turn have been pressured by a weakening British pound. There are growing concerns about the world’s major central banks starting to tighten their monetary […]
gainspainscapital.com / Graham Summers / October 17, 2016
Are you ready for inflation?
On Friday, both the Bank of England AND the US Federal Reserve made clear signals that they WANT inflation.
The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low […]
marctomarket.com / by Marc Chandler / October 17, 2016
EM FX gained a little traction on Friday, but capped a week of steady losses. As the US election and FOMC meeting next month get closer, we believe markets and risk appetite will remain volatile. So far, September data from the US does not suggest […]
zerohedge.com / by Tyler Durden / Oct 17, 2016
In recent days, China has been hit with a tripple whammy of rising inflation, reducing the likelihood of more monetary easing; a jump in the dollar which has pressured the Yuan sending it to its lowest fixing since 2010 at 6.7379, while the USDCNH rising […]
zerohedge.com / by Tyler Durden / Oct 16, 2016 5:23 PM
This past May we explained that one of the officially stated reasons why the Fed had delayed hiking rates (a situation that remains unchanged some 5 months later) is because CPI inflation in late 2015 and early 2016 had been lower than the […]
gata.org / By Szu Ping Chan and Tim Wallace via The Telegraph, London / October 14, 2016
The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low to support economic growth, according to Governor Mark Carney.
Mr. Carney told an audience in Nottingham that […]
zerohedge.com / by Tyler Durden / Oct 14, 2016 11:39 AM
But, but, but… Russia production freeze, US inventories, China inflation data, bank earnings…
Cruyde cracked back below $50…
And Stocks dropping back into red for the week… and breaking a key technical support…
zerohedge.com / by Tyler Durden / Oct 14, 2016 8:50 AM
Following the unexpectedly hot Chinese inflation data, where PPI posted its first annual increase since March 2012, moments ago the BLS reported that like in China, US wholesale prices also rose more than the 0.2% expected, up 0.3% in September, following an unchanged […]
zerohedge.com / by Tyler Durden / Oct 14, 2016
One day after a slump in Chinese trade sparked a global market selloff on concerns the world’s second biggest economy had once again hit a downward inflection point, overnight China surprised once again, this time to the upside when the latest inflationary data printed […]
marctomarket.com / by Marc Chandler / October 14, 2016
The US dollar is firm against most of the major currencies, but within yesterday’s ranges, which seems somewhat fitting amid the light new stream. The high-yieldingAustralian and New Zealand dollars are resisting the stronger greenback, while on the week the Aussie and the Canadian dollar […]
gainspainscapital.com / By Graham Summers / October 13, 2016
The Fed is now in very serious trouble.
All but one of the inflation metrics the Fed tracks are above its target rate of 2%.
The one exception is Core Personal Consumption Expenditures (red line below). And it’s turning sharply upwards as well.
gainspainscapital.com / Graham Summers / October 12, 2016
By continually moving its “targets” for political purposes, the Fed has let the inflation genie out of the bottle.
The Fed should have begun raising rates back in 2012. However, instead of doing this, then-Chairman Ben Bernanke gifted the Obama administration QE 3: an open […]
schiffgold.com / BY SCHIFFGOLD / OCTOBER 11, 2016
The basic definition of an interest rate is simply the cost of borrowing money. It’s the cost associated with acquiring credit, whether buying a car, getting a mortgage, or taking a vacation. We encounter interest rates every time we make a monthly credit card or student […]