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Inflation

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Another Bubble-Making Farce
Ben Bernanke has an inflation problem. There isn't any inflation and that's a problem. In the last 12 months, consumer prices have risen a mere 1.1 percent which--according to Bloomberg--"matches the smallest increase since records began in 1960". At the same time, the velocity of money (how fast money changes hands) has slowed to a... Read More
Don't Invest in Wheelbarrows for Toilet-Paper Greenbacks
The Federal Reserve is not going to push the economy into Zimbabwean hyperinflation. That's pure bunkum. The Fed's plan is to weaken the dollar to boost exports and to force China to let its currency appreciate to its fair-market value. By purchasing $600 billion in US Treasuries (QE2), the Fed effectively reduces the supply of... Read More
Bye Bye Recovery
In June, the Fed's bond-buying binge (QE2) will end and the economy will have to muddle through on its own. And, that won't be easy, because QE2 provided a $600 billion drip-feed to ailing markets which helped to lift the S&P 500 12 per cent from the time the program kicked off in November 2010.... Read More
Hanging By a Thread
The Republicans are convinced that hyperinflation is just around the corner, but don't believe it. The real enemy is deflation, which is why Fed chief Bernanke has taken such extraordinary steps to pump liquidity into the system. The economy is flat on its back and hemorrhaging a half a million jobs per month. The housing... Read More
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