Quantitative Easing is simply the introduction of money into the economy by a central bank. It has been done twice during the current recession with no positive effects and Ben Bernanke’s Federal Reserve seems ready to launch version three – often referred to as QE3. QE1 QE1 launched on November 25th, 2008 with a Federal [...]
In 2007 while he was campaigning for President, Barack Obama called George W. Bush irresponsible and un-patriotic for adding $4,000,000,000,000.00 to the US debt during his eight years in office. President Obama was correct in his estimation. That has not prevented him, however, from increasing the debt by $5,000,000,000,000.00 in less than half the time [...]
Forty years ago, President Richard Nixon ended the dollar’s tie to gold. Now, Reuters News has obtained a draft of the Republican party platform that is to be adopted at the Republican National Convention next week. Reuters reports the following: The proposal recalls a commission created in 1981 by President Ronald Reagan to consider restoring [...]
If you are a consumer that enjoys Mountain Dew, Pepsi, Lipton Tea, Aquafina Water, or the AMP line of energy drinks; Be prepared to pay 3 to 5% more for your products. These price increases are directly linked to inflation. In a memo sent to retailers dated June 29th, 2012, PepsiCo Foodservice’s Senior Vice President [...]
Welcome to the beginning of the end of the economic recovery. On Tuesday diesel fuel was $4.49 per gallon along interstate route 81 in New York State! The price of fuel is rapidly approaching what Malcolm Gladwell would call the “tipping point”. Diesel fuel hit a peak of $4.72 per gallon in July of 2008. [...]
On February 25th, I posted an article titled ”Gas Prices: Why Your Outrage Is Misplaced” (found here: http://t-j.cc/ykuhsa), Where I said: #1 – Gas prices are at the levels they were in the late spring/early summer of 2008. (Graph 1) #2 – Inflation has spiked tremendously since the same time in 2008 – when gas prices [...]
. It seems that Americans are enraged – yet again (sarcasm intended) – with the price of gasoline. Is this outrage justified? Not when you take a few things into consideration. #1 – Gas prices are at the levels they were in the late spring/early summer of 2008. (Graph 1) #2 – Inflation [...]
Who are “The PIIGS” The PIIGS (Portugal, Ireland, Italy, Greece and Spain) have been in the news, but the econo-geek phrases being thrown around sometimes make it difficult to know why anyone in the U.S.A should care what happens if Greece, Italy or anyone in the Eurozone goes under. It matters – greatly. The entire [...]
During the mini-crash of August 2011, stories of a market slide and gold going through the roof were prevalent. What no one seemed to be talking about is food futures. September wheat dropped twenty two and a half cents per bushel to $6.57 and corn dropped 0.17 to $6.86 a bushel. Oats and soybeans also [...]
LONDON, July 27, 2011/PRNewswire/ — Rising inflation and flat investment have kept the world’s economic recovery stuck in reverse, the latest Global Economic Conditions survey from ACCA (the Association of Chartered Certified Accountants) has shown. Of the 2,186 ACCA members surveyed between 16 May and 6 June 2011, only 26% reported increased confidence, down from [...]
The Republican-led House of Representatives will be voting on a bill sponsored by Dennis Kucinich ( D- Ohio ) this week, according to TheHill.com: The office of Majority Leader Eric Cantor (R-Va.) said Friday the House would take up a resolution introduced by anti-war Rep. Dennis Kucinich (D-Ohio) that directs the president to remove U.S. [...]
