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The Sacramento Business Journal reports: California State Fair officials hit the books, cut prices and revamped the fair’s calendar in an attempt to increase dwindling attendance. So far, the measures appear to be working, reports the business journal. This is, of course, yet another example of deflation. And in case you missed it, on Friday […]
Well, maybe not quite, but it certainly feels that way. Today, Ben Bernanke pledged to keep the benchmark interest rate at a record low for an “extended period.” (Source: Bloomberg) His commentary was, as usual, about as insightful as the look my 6-year old weimaraner gives me when I proofread my blog out loud to […]
Robert Prechter was Jim Puplava’s guest this week on the Financial Sense Newshour. You can listen to the entire interview here – it’s almost an hour long, and it’s fantastic. Ed. Note: You can also read a full transcript of the interview here, courtesy of our friends at Elliott Wave International. Prechter last chatted with […]
Zacks Investment Research reports: The Consumer Price Index (CPI) fell 0.2% in May, which was a greater decline than the 0.1% decline expected and the 0.1% decline in April. Year over year, headline inflation is up 2.0%, but almost all of that came in 2009, not in 2010. Over the last three months, the CPI […]
Forex Playmaker reports that the 3-month Libor rate for US dollar reached an 11-month high today: The closely watched 3-month Libor rate for US dollars reached an 11-month high today, following Moody’s latest Greece ratings cut issued yesterday. Libor for 3-month dollar loans rose to 0.539% today from 0.537% yesterday. The present rate is the […]
What exactly causes deflation – and more specifically – debt deflation? It’s something few investors seem to have a solid grasp of. Debt deflation sinks in when there is a lot of debt outstanding – and it goes unpaid, up to “money heaven” – never to be heard from again. Japan has been in a […]
Astute reader Legrand posted an insightful comment below our article about shorting the S&P 500 that I wanted to call attention to. I believe he’s onto something very important: Back to my father’s generation- the boomers. They really have only seen inflation during their adult lives. Deflation isn’t something that seems plausible. Their entire adult […]
It’s likely that few people living today can recall a more treacherous near term economic and investing environment than the one that staring us down right now. So how should you invest? Guest author David Galland takes a look at the intricately entwined global economic mess – and shares some insights about how you should gear your portfolio. — […]
Soon after stocks bottomed on March 6, 2009, we noticed that commodity prices – most notably agriculture prices – were starting to rally. In early May, we wrote about the rally in soft commodities, and what it implied for the inflation/deflation outlook: A few weeks ago (April ’09), we noticed that not only had commodities appeared […]
Three pot growing counties nearby here in Northern California are experiencing an “economic catastrophe” due to – get this – plummeting marijuana prices. NPR reports: Legal pot, under the guise of the California’s medical marijuana laws, has spurred a rush of new competition. As a result, the wholesale price of pot grown in these areas […]
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