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  Tuesday, October 06, 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

  • IMF gloomy on world economy as China slows 6 Oct 2015 | 9:30 am

    The global economy will expand by 3.1 percent this year and 3.6 percent in 2016, according to the IMFThe International Monetary Fund cut its growth forecasts for the world economy Tuesday, warning of increasing risks from the slowdown in China, which is dragging other emerging markets down with it. The global economy will expand just 3.1 percent this year and 3.6 percent next year, the IMF predicted, revising downward its previous forecasts by 0.2 percentage points in both cases. "Six years after the world economy emerged from its broadest and deepest postwar recession, a return to robust and synchronized global expansion remains elusive," said the IMF's new chief economist, Maurice Obstfeld.

  • Brazil economy headed for steep contraction: IMF 6 Oct 2015 | 9:28 am

    Members of the Homeless Workers Movement (MTST) gather outside the Economy Ministry in Sao Paulo, Brazil, after marching against the economic policy of the government of Brazilian President Dilma Rousseff, on September 23, 2015Brasília (AFP) - The International Monetary Fund predicts a three percent shrinkage in Brazil's economy this year, with a further one percent in 2016, reflecting deepening trouble for Latin America's biggest country. "In Brazil, business and consumer confidence continue to retreat in large part because of deteriorating political conditions, investment is declining rapidly, and the needed tightening in the macroeconomic policy stance is putting downward pressure on domestic demand," the IMF said in a global survey Tuesday. "In Latin America, the downturn in Brazil was deeper than expected, and with declining commodity prices, momentum continues to weaken in other countries in the region," the IMF said.

  • European equities build on hefty gains 6 Oct 2015 | 9:28 am

    London's FTSE 100 index edged up on October 6, 2015European stock markets rose on Tuesday, building on hefty gains won in the previous session, with the aviation and beverage sectors in focus. With the shirt stripped off his back, the struggling airline's human resources manager Xavier Broseta had to escape over a fence with the help of security guards on Monday after announcing plans to cut 2,900 jobs.

  • IMF trims Japan growth forecasts for 2015, next year 6 Oct 2015 | 9:25 am

    The IMF says recovery in Japan is more tentative than in other advanced economies and has repeated calls to rein in its debt pile by constraining spending and raising revenueJapan's economy will expand at a slower rate than previously forecast this year and next, the International Monetary Fund warned Tuesday, in another blow to Prime Minister Shinzo Abe's stuttering growth blitz. The Washington-based IMF also called on authorities to work harder on slashing the country's giant national debt, which is more than twice as big as its gross domestic product (GDP). The projections come amid fears about a sharp slowdown in the Chinese economy -- the world's second biggest and a key driver of global growth -- which has sent shudders around the planet.

  • Turkey would welcome EU aid on migrants, but not a solution: minister 6 Oct 2015 | 9:17 am

    ISTANBUL (Reuters) - Turkey would welcome a financial contribution from the European Union to ease the strain of taking in more than 2 million migrants, but that would "not be a solution" to the crisis, Economy Minister Nihat Zeybekci said on Tuesday. Zeybekci was speaking at a news conference at the conclusion of a meeting of trade ministers from the Group of 20 (G20) held in Istanbul. (Reporting by David Dolan and Can Sezer; Editing by Nick Tattersall)