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  Monday, February 08, 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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  • Tokyo stocks slump more than 5% in afternoon trade 8 Feb 2016 | 10:09 pm

    People walk before an electric quotation board flashing share prices of the Tokyo Stock ExchangeTokyo shares tumbled more than five percent Tuesday, extending a global sell-off as a stronger yen dented exporters and after oil prices tanked again on fears of a deepening economic slowdown. Financial markets in Europe and on Wall Street took another hammering on Monday, with the latest round of losses sparked by worries about the financial sector as the global economy slows down, without the support of the Federal Reserve's easy money policies. In the early afternoon, the yield on Japan's 10-year government bond dropped below zero for the first time ever as panicked investors ran for safety.


  • Asia stocks extend global sell-off, Japan down 5.1 percent 8 Feb 2016 | 9:51 pm

    Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Monday, Feb. 8, 2016. U.S. stocks moved broadly lower in early trading Monday, putting the market on track for its second sizeable loss in a row. Technology, financial and energy stocks were among the biggest decliners. (AP Photo/Richard Drew)Asian markets tumbled Tuesday as renewed jitters about the global economy set off a wave of selling in banking stocks.


  • Asian stocks extend global rout as traders flee to safety 8 Feb 2016 | 9:26 pm

    A pedestrian walks past a stock prices board showing numbers of the Tokyo Stock ExchangeAsian stocks plunged across the board Tuesday, the dollar dived against the yen, gold jumped and yields on Japanese government bonds fell to zero as fears about the global economy sent investors scrambling to safety. While most the the region is closed for the Chinese New Year holiday, trading remained thin but dealers took their lead from New York and Europe where banking shares led a rout. The latest round of blood-letting came on the back of worries about the financial sector as the global economy slows down, without the support of the Federal Reserve's easy monetary policies.


  • Oil prices jump, shrug off equity slump, glut concerns 8 Feb 2016 | 9:16 pm

    Pump jacks are seen at Lukoil company owned Imilorskoye oil field outside West Siberian city of KogalymBy Aaron Sheldrick TOKYO (Reuters) - Crude oil prices jumped as much as 2 percent on Tuesday, shrugging off big drops in Japan's stock market and eroding some of the previous session's losses that were driven by festering concerns about global oversupply. It settled the previous session down $1.18 at $33.88. Prices on Monday were hit by a drop in U.S. equity markets amid persistent fears about the global economic slowdown.


  • Holdout creditor says Argentina 'bought' support 8 Feb 2016 | 8:22 pm

    A banner reading "Argentina or vulture funds" hangs outside the National Congress in Buenos AiresOne of Argentina's holdout creditors has accused Buenos Aires of buying support from another creditor as the country tries to settle its long debt battle. The new government offered $6.5 billion on Friday to settle the dispute and US court case that have roiled global sovereign debt markets while harming Argentina's ability to access international capital to fund its economy. The holdouts, whose decade-long court battle against Buenos Aires was led by two New York hedge funds, are a minority class of creditors that refused to go along with the restructuring of the country's debt after it defaulted on about $100 billion in 2001.