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  Friday, November 27, 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

  • HSBC to close India private banking unit as competition grows 27 Nov 2015 | 7:35 am

    A traffic light shines red near the HSBC bank logo in ParisBy Sumeet Chatterjee MUMBAI (Reuters) - HSBC Holdings Plc is closing its private banking unit in India as part of its group strategy, the bank said, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy. The bank would offer private banking clients the choice to move to HSBC Premier, the bank's global retail banking and wealth management platform, a Mumbai-based spokesman said. "After a strategic review of the global private banking operations in India, we have decided to close the business," the spokesman said.

  • Turkey's Erdogan warns Russia not to 'play with fire' 27 Nov 2015 | 7:22 am

    Turkish President Erdogan makes a speech during his meeting with mukhtars at the Presidential Palace in Ankara, Turkey,Turkish President Tayyip Erdogan warned Russia not to "play with fire" on Friday, but added he did not want to harm relations with Moscow, comments that look more likely to inflame than quell the dispute over a downed Russian bomber this week. Relations between the former Cold War antagonists are at their worst in recent memory after Turkey shot down the jet near the Syrian border on Monday. Russia has threatened economic retaliation against Ankara, which Erdogan has dismissed as "emotional" and "unfitting".

  • Survey shows German consumers losing confidence 27 Nov 2015 | 7:18 am

    BERLIN (AP) — A closely-watched survey shows German consumers are losing confidence amid growing concerns of an economic slump.

  • Spotlight on expenditure as South African budget comes under strain 27 Nov 2015 | 6:37 am

    South African Finance Minister Nhlanhla Nene takes part in a discussion during the World Bank/IMF Annual Meeting in WashingtonBy Stella Mapenzauswa JOHANNESBURG (Reuters) - Crafting South Africa's budget has become a headache for Finance Minister Nhlanhla Nene: labour union allies accuse him of being tight-fisted, while opponents say he's pouring too much money into areas like the civil service that don't help grow the economy. Africa's most industrialised economy has struggled to balance its finances since coming out of a recession in 2009. The huge government wage bill is likely to be a key factor next week when Standard & Poor's and Fitch review South Africa's credit rating, which is hovering just above junk status.

  • Central, eastern Europe protest Russian gas pipeline project 27 Nov 2015 | 6:26 am

    PRAGUE (AP) — Slovakia's economy minister says his country will join forces with other Central and Eastern members of the European Union to protest a recent deal to expand a pipeline that delivers natural gas directly from Russia to Germany.