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  Thursday, January 29, 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 …

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 …
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  • Asia stocks mostly higher after Japan data shows improvement 29 Jan 2015 | 10:36 pm

    SinoVision correspondent Jing Wang delivers her report from the Nasdaq MarketSite, in New York, Thursday, Jan. 29, 2015. Chinese e-commerce powerhouse Alibaba's Group reported adjusted fourth-quarter earnings that beat expectations as its user base continued to grow and shoppers bought more on mobile phones. (AP Photo/Richard Drew)HONG KONG (AP) — Asian stock markets were mostly higher Friday after economic data suggested Japan is pulling out of recession while Chinese shares fell ahead of a manufacturing report.

  • Asian shares mixed after Japan inflation slows 29 Jan 2015 | 9:36 pm

    A pedestrian walks past an electric quotation board flashing the Nikkei key index of the Tokyo Stock Exchange (L) and yen rate against US dollar (R) in Tokyo on January 30, 2015Asian stock markets were mixed in early trading Friday, with Tokyo's main index rising after Japanese data showed inflation slowed in December but industrial output rebounded. Tokyo's gains were in line with a broad overnight rally on Wall Street, after the Federal Reserve signalled that growth and job creation in the world's top economy remained robust and corporate earnings were generally solid. The benchmark Nikkei 225 index on the Tokyo Stock Exchange rose 0.63 percent in morning trade, but the Shanghai Composite index fell 0.59 percent and Hong Kong turned flat after rising at the open. Japanese government data released Friday showed that core consumer inflation in the world's third largest economy slowed for a fifth month in December to 2.5 percent year-on-year, down from 2.7 percent in November, on the back of plunging oil prices and weaker consumer spending.

  • Obama eyes $1 billion for Central America 29 Jan 2015 | 9:13 pm

    US President Barack Obama in New Delhi, India, on January 27, 2015President Barack Obama's administration hopes to increase funding to Central America to $1 billion next year as part of a drive to boost relations with southern neighbors, bolster security and stem illegal immigration. "On Monday, President Obama will request from Congress $1 billion to help Central America's leaders make the difficult reforms and investments required to address the region's interlocking security, governance and economic challenges," Vice President Joe Biden said Thursday.

  • Cuba and the IMF: towards a new chapter? 29 Jan 2015 | 9:12 pm

    A woman wears leggings depicting the US flag in Havana on January 26, 2015After its rapprochement with the United States, the steadfastly communist Cuba could further dismantle nearly six decades of isolation by shaking hands with another old enemy, the International Monetary Fund. The IMF, the world's crisis lender but also an economic policy disciplinarian, does not have an especially good reputation in Havana. Cuba, like a number of its allies -- Venezuela and Bolivia, for instance -- regards the Fund as too married to a liberal capitalist ideology. Cuba's now-retired strongman of 50 years, Fidel Castro, has never passed up an opportunity to label it an "evil" dispenser of "lethal advice".

  • Japan inflation slows again in December as spending drops 29 Jan 2015 | 8:35 pm

    Commuters cross a street during heavy snow fall in the Ginza shopping district in Tokyo, on January 30, 2015Japan's inflation rate slipped again in December, data showed Friday, as weak consumer spending and lower energy prices weighed, dealing more challenges to Tokyo's war on deflation. Japan's core consumer inflation slowed for a fifth straight month in December, as the internal affairs ministry reported household spending fell a greater-than-expected 3.4 percent from a year ago. Prices had been on the rise, largely due to Japan's heavy post-Fukushima energy bills, but oil rates have tumbled in recent months and spending dived after the government raised sales taxes to 8.0 percent from 5.0 percent last year. The economy quickly fell into recession, prompting Prime Minister Shinzo Abe to put off a second sales tax rise this year, which was aimed at taming Japan's enormous national debt.