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  Monday, August 03, 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


  • Greek stock market suffers record drop as shutdown ends 3 Aug 2015 | 5:12 pm

    Greece's stock exchange reopened August 3, but saw record falls by the end of the trading dayGreece's stock exchange suffered its steepest-ever fall on Monday, plunging more than 16 percent as trading resumed after a five-week shutdown triggered by the country's debt crisis. Bank shares were particularly hard-hit, sinking some 30 percent after the Athens bourse opened for the first time since the government imposed capital controls to prevent a bank run and stave off financial collapse at the height of its standoff with EU-IMF creditors over a new bailout. The ATHEX index ended the day a record 16.32 lower to 668.06 points, its worst drop in nearly 30 years, highlighting investors' ongoing anxiety about the Greek economy even after a new rescue deal was agreed last month.


  • Oil, stocks off on weak data; Europe shares up 3 Aug 2015 | 4:33 pm

    A trader waits for news while working on the floor of the New York Stock Exchange following a halt in trading in New York,By Rodrigo Campos NEW YORK (Reuters) - Stocks fell and oil futures prices sank to a six-month low on Monday on demand concerns after factory data from China and the United States disappointed. Brent slumped to its lowest since late January as factory activity in China, the world's second-biggest economy, shrank more than initially estimated last month. The resource-linked Canadian dollar was at its weakest in more than a decade against its U.S. peer as crude prices fell.


  • Automakers report strong US sales in July 3 Aug 2015 | 3:53 pm

    Ford notched 4.9 percent rise in sales to 222,731 in July 2015, a gain that included an 11 percent rise in Ford SUVsAutomakers reported strong US sales in July, boosted by sport utility vehicles, as the industry benefited again from lower gasoline prices and a steadily improving US economy. "Right now the industry is genuinely vibrant, benefiting from robust consumer demand that is enabling automakers to pull back incentive spending," said John Krafcik, president of TrueCar, an automotive pricing and information service.


  • U.S. factory activity dips; consumer spending cools 3 Aug 2015 | 3:35 pm

    A customer shops in the pharmacy department of a Target store in the Brooklyn borough of New YorkU.S. factory activity slipped in July and consumer spending advanced at its slowest pace in four months in June, indicating the economy lost some momentum recently. The sluggish economic data did not change economists' expectations that the Federal Reserve will hike interest rates this year, given a tightening labor market. "We expect growth momentum to re-accelerate over the next few months, providing the Fed with the necessary confidence they need to raise rates in September," said Millan Mulraine, deputy chief economist at TD Securities in New York.


  • HSBC acquisition poses big test for Bradesco CEO Trabuco 3 Aug 2015 | 3:23 pm

    Banco Bradesco SA sat on the sidelines for years while Brazilian banking rivals bulked up through a series of takeovers. On Monday, it made a grab for HSBC Holdings Plc's domestic business, one that will boost its assets by 16 percent. Now comes the hard part - integrating that business, including HSBC's 851 branches, 5 million clients and 21,000 employees in Brazil, in the midst of the country's worst economic downturn in 25 years.