Oil rose to a 29-month high while gold increased to within a $1 of a record as fighting in Libya intensified. Greek default risk climbed after Moody’s Investors Service cut the nation’s credit rating.
Post Tagged with: "inflation"
QE2: An Unmitigated Disaster?
It seems regardless of what the inflation data says is the overall inflation rate in the economy, QE2 gave us all the negative, anti-growth, lowered standard of living type of inflationary effects that act as a major tax and headwind for both businesses and consumers.
Rising Commodity Prices Hitting Your Wallet
FBN’s Neil Cavuto on the impact of rising commodity prices on consumers.
Peter Schiff on CNBC Fast Money: U.S. Heading Toward a Dollar Collapse
The Ponzi scheme of borrowing printed money is a recipe for disaster. The leftist ‘redistributive’ ideology of Obama and the Democrats will keep America spending more than can ever be repaid.
Home Prices in 20 U.S. Cities Fall 2.4% From Year Earlier
Home prices are still declining amid excess supply,” “Although transactions have started to pickup, buyers are looking for very low prices. -Bloomberg.com
A Legacy of Debt
The younger generation needs to realize that all of this debt (all fourteen-plus trillion dollars) will need to be repaid at some point in time and by someone. It isn’t just going to magically disappear.
Record U.S. Cattle, Hog Prices Seen
World food prices rose 28 percent in the past year, reaching a record in January, according to the United Nations. Riots partly linked to food inflation ended Zine el Abidine Ben Ali’s 23-year rule in Tunisia and Hosni Mubarak’s three-decade- long rule in Egypt.
What Is Wrong With The U.S. Economy? Here Are 10 Economic Charts That Will Blow Your Mind
Hopefully the charts in this article will help people realize just how nightmarish our economic problems have become, because until people start realizing how incredibly bad things have gotten they will never be willing to accept the dramatic solutions that are necessary to fix our financial system.
China Inflation: Getting Worse and Coming To A Wal-Mart Near You
While China’s busy tightening and dealing with the once in 60-year mass drought, consumer price inflation, and diminishing margins will likely crop up pretty much everywhere from mass retailers like Wal-Mart, Target, to high tech products from companies such as Apple, Hewlett Packard, and Dell.
Hyperinflation is A Small Price to Pay?
The US is hurtling toward out-of-control inflation while the political class tries to convince the hoi polloi that inflation is not a problem.