Eurozone fears have returned with a vengeance as deepening deflation across Southern Europe and fresh turmoil in Greece set off wild moves on the European bond markets. Yields on 10-year German Bund plummeted to an all-time low on 0.72pc on flight to safety, touching levels never seen before in any major European country in recorded […]
LATEST NEWS : JAPAN ECONOMY STALLS AS INCOMES, SPENDING LANGUISH
TOKYO (AP) — Japan’s vital signs remained weak in July as wages fell further and household spending dropped, signaling continued weakness in the world’s third-largest economy. Data released Friday showed the inflation rate was unchanged from the previous month. The core price consumer index that excludes volatile fresh food prices rose 3.3 percent in July, […]
LATEST NEWS : A Brief History of US Money – Crash Course Chapter 9
Looking at the past 100 years of the US dollar’s history, one theme becomes abundantly clear: in times of crisis, the US government has no issue with changing its own rules or breaking its own laws. And those “temporary” emergency measures have a nasty habit of quickly becoming permanent. Among the more notable milestones of […]
LATEST NEWS : Evans-Pritchard: ECB's Embrace of Deflationary Policy Means 'Mass Unemployment'
The European Central Bank (ECB) is pursuing a deflationary policy that spells trouble for the eurozone economy, says Ambrose Evans-Pritchard, a columnist for The London Telegraph. “The ECB has failed to meet its 2 percent inflation target or to comply with its other Treaty obligation of supporting jobs and growth,” Evans-Pritchard writes. “It admits that this inflicts […]
Deflation, Inflation Both Inevitable Outcome of Fed Actions
Deflation or inflation? Which lies ahead seems to be the question, as the Federal Reserve Bank continues to inflate, adding to the currency supply at a pace of $85 billion each month. But after blowing a huge bubble, isn’t it eventually liable to pop, deflating? As Mark Jeftovic wrote at Wealth.net, “most people think that prices slowly, […]