Tag Archives: Interest Rates

Interesting Inflation News Links (May 06, 2009)

* Shop price inflation falls on slower food prices (James Thompson, The Independent Online)

Shop price inflation fell in April for the first time since the cut in VAT in December, as hefty non-food discounting at Easter, sharp price deflation at fashion and footwear retailers and the first slowdown in food prices this year gave customers a welcome boost.

* 1.7 million fewer pints drunk every day this year due to recession (Harry Wallop, Telegraph)

In the first three months of this year the equivalent of 1.67 billion pints of beer were drink in Britain a fall of 8.2 per cent, or 1.7 million pints a day on the first quarter of last year.

* New Study Accuses Bankruptcy Judges Of Routine Illegality (Nathan Koppel, Wall Street Journal)

Bankruptcy lawyers are fat and happy these days; that much we have documented. (Click here and here .)

* Hey, Hell’s Kitchen! Suck It! (Patrick Alan Coleman, Portland Mercury)

Ive been known to watch an episode or two of Hells Kitchen . Im not proud of it. But as the Bible says, Let those whove never suffered bad television judgment throw the first remote.

* China fears bond crisis as it slams quantitative easing (Ambrose Evans-Pritchard, Telegraph)

policy mistake made by some major central bank may bring inflation risks to the whole world,” said the People’s Central Bank in its quarterly report.

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Home Front: Mortgage market tilts interest rates to favor home buyers (Jim Wasserman)

A great article by Jim Wasserman of the Sacramento Bee.

Among people considering whether to keep renting or buy a house soon, the tough choice is always between historic low interest rates and falling prices.

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Interesting Inflation News Links (March 26, 2009)

* Fischer Boel: CAP reform delay is ‘a dead idea’ (Jennifer Rankin, European Voice)

Mariann Fischer Boel, the European commissioner for agriculture, told farm ministers today (23 March) that she opposes any attempts to unpick recent reforms to the Common Agricultural Policy (CAP). At least five countries had argued that reforms to the CAP should be delayed to help farmers cope with falling prices for milk, butter and other dairy products.

* Mervyn King’s salvo first in wider war (Hugo Dixon, Telegraph)

The Bank of England governors warning that the government cant afford another big fiscal boost should be seen as an attempt to avoid no fewer than three crises that could be looming: a fiscal crisis, a constitutional clash and an inflation crisis.

* Vital Signs: Is Unemployment Near a Peak? (James Cooper, BusinessWeek)

Vital Signs: Is Unemployment Near a Peak? For the Apr. 3 jobs report, economists see another 650,000 drop in payrolls and the unemployment rate jumping to 8.4%

* Whither the Fed? (St. James� Street, The Minnesota Daily)

The Federal Reserve System has gotten a bit of press in the Daily as of late. Last week a column was written in criticism of the Fed, using the language of the economic thought followed by libertarian Rep. Ron Paul, R-Texas. Known as the Austrian school, it is very pro-market and has little patience for the governments control of money, let alone the Fed. Indeed, as the current recession has s…

* Mortgage rates at new lows (Jeannine Aversa, Denver Post)

Mortgage rates tumbled to historic lows Thursday after the Federal Reserve’s sudden decision to print $1.2 trillion and pump it into the economy, a move that also triggered warning signs of inflation a weaker dollar and the highest oil prices of the year.

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Interesting Inflation News Links (March 24, 2009)

* February CPI seen at 1 year low (International Herald Tribune)

The official inflation rate is expected to fall further towards its 2 percent target in February but the price gauge used to fix most wage deals will probably turn negative for the first time in nearly 50 years.

* Deflation risk sparked by price falls (ITN Online)

Inflation is expected to have turned negative for the first time in nearly 50 years when figures are released later.

* Q&A: The main measures of inflation (Ashley Seager, Guardian Unlimited)

There are two key measures – the retail prices index (RPI) and the consumer price index (CPI). The RPI is the oldest and broadest measure and is often known as the all-items index. It is this one that had been expected to dip below zero today , marking the onset of deflation , but it actually held up at 0%. The more narrow CPI index showed a surprising rise to 3.2%.

* Brazil’s banks: Spread bets (Economist)

WITH the economy sliding towards recession, at least Brazils Central Bank finds itself able to cut interest rates hard and fast. On March 11th it slashed its benchmark Selic rate by one-and-a-half percentage points, to 11.25%. Further cuts are expected. A welcome novelty: in the past, a fragile currency and roaring inflation prevented such counter-cyclical measures. But the rate cuts are not b…

* Surprise rise in inflation defies City predictions (Julia Kollewe, Guardian Unlimited)

The headline rate of inflation proved surprisingly resilient last month because of higher than expected food and alcohol prices confounding expectations among City economists of a fall.

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Interesting Inflation News Links (March 21, 2009)

* Littleton Democrat banks on recovery (M. E. Sprengelmeyer, Rocky Mountain News)

* What motivates Opec (Petroleum Economist)

* Postcode lottery for council tax payers (Christopher Hope, Telegraph)

* Stock rally fades amid assessment of Fed moves (Tim Paradis)

* US stocks fall but Wall Street rises for 2nd week (The Star)

* House prices continue to slide (The Belfast Newsletter)

* Excess Capacity Keeps Heat on Fed (Jon Hilsenrath, Wall Street Journal)

* Inflation surprises with 1.4% jump (National Post)

* Meet the New Quant (Alan Abelson, Wall Street Journal)

* Treasuries surge after Fed plans to buy U.S. debt (National Post)

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Interesting Inflation News Links (March 21, 2009)

* The genuine economic worry is stagflation (E. Thomas Mc Clanahan, Kansas City Star)

Former Sen. Phil Gramm raised a stink recently when he said we had become a “nation of whiners.”“You’ve heard of mental depression,” he said. “This is a mental recession.”Later, he said he wasn’t talking about Americans in general but about their leaders. Whatever, the damage was done. He resigned as an economic advi…

* Overview (Economist)

There was more gloomy news on industrial production : in the year to the fourth quarter it fell by 10.3% in Hong Kong; in the year to January it was down by 19.2% in Germany, 16.7% in Italy and 11.1% in Mexico; and in the year to February it dropped by 11.2% in America and 13.2% in Russia.

* Buttonwood: Swissie fit (Economist)

IT IS not easy being Swiss. Every other country complains about your bank-secrecy laws. If you live in Zurich, the nice houses by the lake are taken by rich foreigners and you have to put up with something more modest and farther out.

* Mileage tax gains some speed in Washington (Richmond Times-Dispatch)

WASHINGTON — Despite opposition from the White House, a proposal to tax motorists on the number of miles they drive each year is gathering speed on Capitol Hill.

* Police Log (Daily Independent)

Domestic Disturbance: At 12:01 a.m. police took a report regarding verbal altercations between a married couple. Incident location was North Wayne Street.

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Interesting Inflation News Links (March 19, 2009)

* Inventories Hint at Bottom (Gene Epstein, Wall Street Journal)

* Europe’s Markets Advance (Steve Goldstein, Wall Street Journal)

* Zimbabwe leaders appeals for $5 billion (Angus Shaw)

* Bonds Strong One Day After Fed Move; Equities Are Another Matter (David Gaffen, Wall Street Journal)

* Business briefs: Railroad faces drug lawsuit (Daily Oklahoman)

* Bank of England to pay more attention to GDP and money growth (Edmund Conway, Telegraph)

* Need to know: Starbucks ‘will succeed’ … JJB jobs cuts … Ericsson deal (Times Online)

* General Mills profit falls 33 percent (Matt Mc Kinney, Star Tribune)

* Stocks rise on Fed move to buy $300B in Treasurys (Tim Paradis)

* Feds vow to boost housing feeds rally

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