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Tag Archives: Consumer Prices

Peter Schiff: US Treasuries Are a “Lousy Deal”

Are US Treasuries a good investment right now?Not if you consider the rising inflation rate. In fact, in his most recent podcast, Peter Schiff called US Treasuries a “lousy deal.”Producer prices (PPI) came in unchanged in July, but year-over-year, we had a 3.3% increase in wholesale prices. PPI serves as a leading indicator for consumer prices, so you can probably expect the prices you’re paying at the store to continue to go up.According to the government, consumer prices are already...

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Peter Schiff: Heading Toward a Bigger Crisis and the Same People Are Even More Clueless

As we approach the 10-year anniversary of the 2008 financial crisis, some things don’t seem a whole lot different. Everybody is optimistic, and as Peter Schiff noted in his most recent podcast, ignoring all of the warning signs.We’re seeing a lot of warning signs people should be worried about, but again they’re dismissing them, much the way they did 10 years ago You know, we’re getting close to the 10-year anniversary of the 2008 financial crisis. Remember, the whole thing started in...

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Mark Carney Forced To Explain Surge In UK Inflation To Highest In Almost 6 Years

The market expected Mark Carney to avoid it but it was just not meant to be. The BoE Governor will suffer the ignominy of a bizarre tradition of having to write a letter to the Chancellor of the Exchequer explaining why UK inflation is more than 1.0% above the target of 2.0%. The market had expected the UK CPI to rise by a modest 0.2% month-on-month, taking the year-on-year rate up to 3.0%. Instead the month-on-month rate hit 0.3% pushing the annual rate to 3.1%, its highest rate since March...

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Rig For Stormy Weather

Rig For Stormy Weather Posted with permission and written by Gary Christenson, The Deviant Investor  What storm? The Dow Jones Industrial Average (DOW) reached another all-time high. Interest rates in the U.S. are yielding multi-decade lows, some say multi-century lows. Trillions of dollars in global sovereign debt have negative yield and European junk bonds yield less than 10 year U.S. treasuries. “Official” unemployment is low. Borrowing is...

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The Five Biggest Tests For China’s Next Central Bank Governor

Zhou Xiaochuan’s long reign as PBoC Governor is drawing to a close. He signaled his impending retirement last month and will be seventy years old In January 2018. Zhou has headed up China’s central bank from the early days of China’s “growth miracle” in 2002 and successfully – thanks to massive credit creation - steered China’s economy through the 2008 crisis. Since then, he’s kept China’s horrendous credit bubble on the rails, while warning of the risk of a “Minsky moment” at the recent...

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India’s Sovereign Bond Market In Trouble As Inflation Rebound Surprises

Another day and another Indian inflation reading comes in “hotter” than markets expected. Yesterday, India’s CPI printed at 3.58% for October 2017 - its highest level in seven months - versus the consensus expectation of 3.43%. The September 2017 reading was 3.28%, itself marking a strong rebound from the recent low of 1.46% in June 2017. Market chatter was that the prospect for a rate cut by the Reserve Bank of India (RBI) when it meets on 5-6 December 2017 was fading. That prospect faded...

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Asian Stocks Surpass 2007 Peak, Hit Record High As Chinese Inflation Comes In Hot

China’s factory prices (PP) jumped last month despite authorities' continued attempts to curb industrial production to combat pollution. China's PPI rose 6.9% in October Y/Y, higher than the projected 6.6% while consumer prices climbed 1.9%, also higher than the median forecast of 1.8%, and above last month's 1.6% Y/Y increase. As Bloomberg notes, during last month's Party Congress policymakers signaled a shift away from the growth-at-all-costs model amid greater focus on curbing pollution...

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The Downright Sinister Rearrangement Of Riches

Authored by EconomicPrism's MN Gordon, via Acting-Man.com, Simple Classifications Let’s begin with facts.  Cold hard unadorned facts. Water boils at 212 degrees Fahrenheit at standard atmospheric pressure.  Squaring the circle using a compass and straightedge is impossible.  The sun is a star. The sun is not just a star, it is a benevolent star. Look, it is smiling…  sort of. [PT] Facts, of course, must not be confused with opinions, which are based upon observations.  Barack Obama throws...

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Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes

World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply.  Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in red while both European and Asian stocks are higher. The USD is marginally stronger after Yellen’s comments suggest the Fed may look through...

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World Stocks Hit 4th Consecutive Record High, Bonds Rise On ECB QE Report

World stocks rose to a 4th consecutive record highs, while the dollar headed for its worst week; U.S. stock-index futures are steady, with European and Asian stocks higher ahead of much anticipated US inflation data, which is expected to give cues on the outlook for the Federal Reserve’s interest rates. MSCI’s all world equity index was up 0.1% after hitting record highs on Thursday. Earlier in Asia, MSCI’s broadest index of Asia-Pacific shares outside Japan hit a 10-year high, up 0.3 percent...

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