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  Saturday, March 28, 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 …
 
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  • Chinese president promotes regional vision at Boao Forum 28 Mar 2015 | 1:11 am

    This photo provided by China's Xinhua News Agency shows a view of the Boao Forum in its opening in Boao on Hainan island in southern China, Saturday, March 28, 2015. Chinese President Xi Jinping argued Saturday for strong China-led efforts to promote Asian economic and political cooperation while opening a major regional economic conference. (AP Photo/Xinhua, Guo Cheng) NO SALESBOAO, China (AP) — Chinese President Xi Jinping argued Saturday for strong China-led efforts to promote Asian economic and political cooperation while opening a major regional economic conference.


  • Yellen: A rate increase may be warranted later this year 27 Mar 2015 | 5:21 pm

    WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Friday that continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year.

  • Oil market jumps on Yemen unrest 27 Mar 2015 | 4:28 pm

    Yemenis stand at the site of a Saudi air strike against Huthi rebels near Sanaa Airport on March 26, 2015World oil prices rose sharply this week as Saudi Arabian jets struck rebel targets in Yemen, sparking fresh supply fears in the crude-rich Middle East. Many commodities were also buoyed as weak US data sent the dollar sliding, denting confidence in the world's top economy and throwing into question the timeline for a long-awaited Federal Reserve interest rate hike. OIL: Prices rallied on Wednesday and Thursday after a Saudi Arabia-led coalition bombed Huthi Shiite rebels in support of Yemen's embattled President Abedrabbo Mansour Hadi. "The geopolitical tensions in Yemen are pushing (oil) prices higher," Daniel Ang, an investment analyst with Phillip Futures, told AFP.


  • US economic growth may be mild, but it's also really durable 27 Mar 2015 | 3:29 pm

    In this photo made on Thursday, Feb. 12, 2015, a man welds parts in fans for industrial ventilation systems at the Robinson Fans Inc. plant in Harmony, Pa. The Commerce Department releases fourth-quarter gross domestic product on Friday, March 27, 2015. (AP Photo/Keith Srakocic)WASHINGTON (AP) — The U.S. economy's tepid performance last quarter — a 2.2 percent annual growth rate — was typical of the economic rebound that began in the summer of 2009. Yet the sluggish pace of the recovery has a silver lining: This growth spurt has proved to be one of the most durable since World War II.


  • US stocks snap 4-day slide 27 Mar 2015 | 3:28 pm

    Wall Street stocks rise, snapping a four-day losing streak as traders shrug off weaker-than-expected US economic growth in the fourth quarterNew York (AFP) - Wall Street stocks rose Friday, snapping a four-day losing streak as traders shrugged off weaker-than-expected US economic growth in the fourth quarter.