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  Wednesday, March 04, 2015  Home > Money > Economy
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Tracing America's Urban-to-Urban Migration Through the Recession

There’s obviously a lot of talk about the rural-to-urban shift that’s underway in countries all over the world. The majority of people now live in urban areas, and that’s not expected to change. But many countries have had urban majorities for decades. The United States, for…

January inflation remained under control in both the U.S. and Canada

Canada  inflation – all items CPI vs CORE
In January, the rate of inflation in Canada increased a little from +2.3% the month before to +2.5%, according to Statistics Canada. That was the year-over-year change in the Consumer Price Index (CPI). In the U.S., the inflation rate fell back ever so slightly to…

Inflation Doesn’t Just Happen

U.S. Foreign Reserves vs. Consumer Price Index Chart
First of all, inflation is man-made. It is the wealth-destroying outcome of reckless monetary and fiscal policies. For instance … From 1949 to 1969, when the Bretton Woods monetary system was working properly, official foreign exchange reserves increased 55 percent globall…

Japan: The Sleeping Sovereign Debt Giant

General Government Debt
(May 2010) Over the course of this year in my Money and Markets columns I've presented some compelling reasons why the euro zone and the euro were in for a life threatening crisis. And despite the general consensus along the way that the problems in Greece were contained …

U.S. November retail sales played a role in boosting the economy

U.S. retail sales – three months smoothed
Media hype concerning records set by retailers on Black Friday and Cyber Monday may have led to unrealistic expectations of how strong the November retail sales report from the Census Bureau would be. The total dollar volume pulled ahead 0.2% month to month, which was …

Sticking Out the Neck

“Never volunteer!” is the old army adage. “Volunteering looks great on the resume!” is the old job-hunter’s adage.   I was never in the army and never will be, now, as I’m 48. I am, however, coming into my 19th month of unemployment and I have a son with autism, so I thoug…

China–ASEAN Free Trade Area

ASEAN-China Free Trade Area
The ASEAN–China Free Trade Area (ACFTA), also known as the China–ASEAN Free Trade Area  is a free trade area among the ten member states of the Association of Southeast Asian Nations (ASEAN) and the People's Republic of China. The initial framework agreement was signed …
More Articles

  • Bank of Canada says January cut did its job, holds rates steady 4 Mar 2015 | 1:40 pm

    By Randall Palmer and Leah Schnurr OTTAWA (Reuters) - The Bank of Canada held interest rates steady on Wednesday, in line with indications it sent out over the past two weeks, signaling it was satisfied with how markets and the economy have reacted to its surprise rate cut in January. The central bank shocked traders by easing its benchmark rate by 25 basis points in January in response to the impact of cheaper oil on Canada, a major oil producer. The current level of stimulus is "still appropriate," it said, echoing language used last week by Governor Stephen Poloz. Canadian Imperial Bank of Commerce said it no longer forecasts a cut, saying "one and done" was now most likely.

  • Fed survey finds US economy growing at moderate pace 4 Mar 2015 | 1:33 pm

    In this Tuesday, Feb. 3, 2015 photo, a worker paints a draw bridge along the Miami River in downtown Miami. The Federal Reserve releases its latest ‘Beige Book’ survey of economic conditions on Wednesday, March 4, 2015. (AP Photo/Lynne Sladky)WASHINGTON (AP) — The U.S. economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions, the Federal Reserve reported Wednesday.

  • Canada's Harper: economy will continue to grow despite oil slump 4 Mar 2015 | 1:08 pm

    Canada's PM Harper makes an announcement regarding life sentences in TorontoBy Andrea Hopkins TORONTO (Reuters) - The Canadian economy will continue to grow despite a sharp fall in the price of oil, but there is plenty of concern in the energy-producing province of Alberta, Prime Minister Stephen Harper said on Wednesday. Harper, speaking to reporters after an event in Toronto, also repeated a promise that his Conservative government would balance the budget in the 2015-16 fiscal year. Canada is a major oil exporter. "The economy will continue to grow this year in Canada, albeit at less of a rate than we would have expected a year ago, and under those circumstances the government will balance the budget," said Harper.

  • Fed's Beige Book shows U.S. economy expanding 4 Mar 2015 | 1:06 pm

    WASHINGTON (Reuters) - The U.S. economy continued to expand across most regions and sectors from early January through mid-February, the Federal Reserve said on Wednesday, with auto sales and consumer spending rising in most Fed districts.

  • Turks & Caicos adopting new time zone to get later sunsets 4 Mar 2015 | 12:49 pm

    PROVIDENCIALES, Turks & Caicos Islands (AP) — The Turks & Caicos Islands is switching to a new time zone, citing potential benefits to its tourism-dependent economy.