The Omni Intelligencer

Sell your house faster for more. auction-style-property-sale
  Thursday, December 18, 2014  Home > Money > Economy
Follow us on Twitter
Every Dollar Helps
Donate using PayPal

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 …

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 …

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…

Can I borrow someone’s dollar stretcher?

Please Stretch
Does anyone have a dollar stretcher I could borrow or could I pick from your money tree? Isn’t this something that most of us are wishing for right now. Unemployment rates are at an all time high and it seems that cutbacks and instability are have become a permanent part of …
More Articles

  • China 2013 GDP revision won't affect growth this year 18 Dec 2014 | 9:45 pm

    Labourers work at a construction site for a new building in BeijingBEIJING (Reuters) - China has revised up the estimated size of its economy for 2013 by 3.4 percent to 58.8 trillion yuan ($9.5 trillion), the National Bureau of Statistics said on Friday, but said the revision will not affect economic growth this year.

  • As U.S. eases hostilities, Cuba faces new challenge 18 Dec 2014 | 9:37 pm

    Members of the Cuban Revolutionary Army hold Cuban national flags during a march "For the Five and Against the Terrorism" in HavanaBy Daniel Trotta HAVANA (Reuters) - For decades, it was Cuba's first response to criticism. Poor economic performance? An obvious effect of a U.S. trade embargo that amounted to a blockade of the island nation by a bullying superpower. Arrests of dissidents? A legitimate act of self-defense against mercenaries working for the world's richest nation, which backed the failed Bay of Pigs invasion and plots to assassinate revolutionary leader Fidel Castro. ...

  • Consumer confidence slides to nine-month low in December - GFK 18 Dec 2014 | 7:08 pm

    A shopper walks past an empty retail unit in NottinghamLONDON (Reuters) - British consumer morale edged down in December to reach its weakest level since March as optimism about the economy hit a 17-month low, a survey by polling company GfK showed on Friday. Its headline consumer confidence index fell to -4 in December, down from -2 in November and slipping below all forecasts in a Reuters poll of economists that predicted a slight rise to -1. While the index was still well above its long-run average of -9, prospects for the coming year dimmed as GfK's measure of economic optimism slipped to its lowest level since July 2013. ...

  • EU needs years-long Russia strategy, new leader warns 18 Dec 2014 | 6:52 pm

    European Council President Donald Tusk gives a joint press conference at the EU headquarters in Brussels on December 18, 2014The European Union must thrash out a strategy for Russia that lasts for many years, and looks past sanctions that have hammered Moscow's economy, the bloc's new leader Donald Tusk warned Thursday. Leaders at a summit in Brussels also called for the urgent launch of a huge 315-billion-euro ($380-billion) investment plan aimed at kick-starting Europe's economy, although there were no pledges of hard cash. As the EU agreed new sanctions against Crimea, which was annexed by Russia from Ukraine in March, former Polish prime minister Tusk used his first summit as European Council president to take a longer-term view. As Europeans, we must regain our self-confidence and realise our own strength," Tusk told a press conference after the summit when asked about Russia.

  • Putin says economy will rebound as sanctions stiffen 18 Dec 2014 | 6:38 pm

    Russian President Vladimir Putin speaks during his annual press conference in Moscow, on December 18, 2014President Vladimir Putin vowed Thursday that Russia would soon recover from the worst financial crisis of his rule and said his grip on power was firm, even as new Western sanctions and a run on the ruble pile on the pressure. The Russian strongman showed no willingness to change tack on Ukraine -- despite the West toughened sanctions on Thursday -- and dismissed the possibility of the country's elite turning against him. Russia is grappling with a ruble collapse seen as a major test for Putin, whose pact with voters has been based on the relative prosperity brought by years of high oil prices. Putin said Russia would adjust to low oil prices, but he gave no recipe for turning the economy around.