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  Sunday, June 26, 2016  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 …
 
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  • Clinton campaign hits Trump for seeing Brexit as boon to his business 26 Jun 2016 | 1:07 pm

    An attendee wears a "Make Donald Drumpf Again" hat during the "Politicon" convention in Pasadena, CaliforniaBy John Whitesides and Lucia Mutikani WASHINGTON (Reuters) - Hillary Clinton's presidential campaign accused Donald Trump on Sunday of caring more about how Britain's historic vote to leave the European Union would benefit his financial bottom line than how it would impact the U.S. economy. Clinton campaign manager Robby Mook acknowledged parallels between the populist anger and anti-establishment fervor that fueled the Brexit vote and Trump's rise to the nomination, but said the Republican candidate's reaction showed he was not fit to occupy the White House.


  • Reform to achieve growth, overcome volatility: BIS 26 Jun 2016 | 12:00 pm

    Warning of the danger of using debt to fuel growth, the Bank of International Settlements called for a "rebalance" in policy "to shift to a more robust and sustainable expansion" in its latest annual reportFinancial reform is urgently required to bolster global growth and overcome volatility, the Bank of International Settlements (BIS) said in its latest annual report Sunday. It said that the debt-fuelled growth model has caused an "inability to get to grips with hugely damaging financial booms and busts". "There are worrying developments, a sort of 'risky trinity', that bear watching" given a still anaemic recovery, said Claudio Borio, head of the BIS' monetary and economic department.


  • Fallout from British EU vote alarms Asia, deepens party conflicts 26 Jun 2016 | 10:56 am

    A man holds up the German newspaper Bild with the titel "OUTsch!", for the camera, in BerlinBy Estelle Shirbon and Ben Blanchard LONDON/BEIJING (Reuters) - Turmoil unleashed by Britain's vote to leave the European Union heightened anxiety in Asia on Sunday, with China, Japan and South Korea all fretting over the risk to world financial stability a few hours before markets reopen. China's finance minister said fallout from Thursday's referendum "will cast a shadow over the global economy" while a senior official in Tokyo warned of the danger of "speculative, violent moves" in currencies. In Britain, open political conflict spread from the ruling Conservatives to the opposition, and senior Labour lawmakers attempted a coup against their leader after traditional supporters rejected the party's pro-EU stand in droves.


  • Panama Canal opens $5B locks, bullish despite shipping woes 26 Jun 2016 | 10:33 am

    Thousands of spectators watch as the Neopanamax cargo ship, Cosco Shipping Panama, makes its way through the new Agua Clara locks, part of the Panama Canal expansion project, near the port city of Colon, Panama, Sunday June 26, 2016. The ship carrying more than 9,000 containers entered the newly expanded locks that will double the Panama Canal's capacity in a multibillion-dollar bet on a bright economic future despite tough times for international shipping. (AP Photo/Moises Castillo)PANAMA CITY (AP) — Amid exploding fireworks and waving flags, a Chinese ship carrying more than 9,000 containers on Sunday entered the newly expanded locks that will double the Panama Canal's capacity in a multibillion-dollar bet on a bright economic future despite tough times for international shipping.


  • Switzerland set to ask EU for limited migration curbs: president 26 Jun 2016 | 9:10 am

    Migrants joke in Swiss Federal refugee center set-up in a tank hall on the army base in ThunSwitzerland will propose in talks with Brussels that it should be allowed to protect economic sectors in specific regions against immigration from the European Union, its president told a Sunday newspaper. Switzerland only has until February to implement a binding 2014 referendum demanding limits on the influx of foreigners to a country whose population is already a quarter foreign. "Not much can be obtained with a bare figure," Swiss President Johann Schneider-Ammann told the SonntagsZeitung newspaper in an interview.