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  Tuesday, September 01, 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


  • TSX takes hit as China data sows more volatility 1 Sep 2015 | 3:08 pm

    A man walks past an old Toronto Stock Exchange sign in TorontoBy Solarina Ho TORONTO (Reuters) - Canada's main stock index fell more than 2 percent on Tuesday as the latest disappointing economic data from China spurred another round of selling in global markets and sent commodity prices lower. Ongoing worries over China's impact on the global economy resurfaced after data showed its manufacturing sector shrank at the fastest pace in three years, while the services sector also cooled. "A correction is never easy," said Michael Sprung, president at Sprung & Co. Investment Counsel. ...


  • Wall St. ends down as China data sparks global growth fears 1 Sep 2015 | 3:04 pm

    Trader works on the floor of the New York Stock Exchange shortly after the market opened in New York(Reuters) - Wall Street shares fell close to 3.0 percent on Tuesday, pushing all three major U.S. indexes firmly into losses for the year after weak data from China intensified fears that a stumble in the world's second-largest economy will hobble global growth.


  • Stocks, oil dive on China fears; volatility jumps 1 Sep 2015 | 2:54 pm

    Trader works on the floor of the New York Stock Exchange shortly after the market opened in New YorkWorld stock indexes and commodities slumped on Tuesday as weak Chinese data revived fears about the effect of China's economic health on the global economy and fueled more market turmoil. All three major U.S. stock indexes fell over 3 percent, led by declines in energy shares, and were in negative territory for the year. The moves followed a stormy week in the markets, when investors became increasingly concerned about further losses due to slowing growth in China.


  • IMF warns emerging economies must be vigilant on China slowdown 1 Sep 2015 | 2:49 pm

    In this photograph released by the International Monetary Fund on September 1, 2015, IMF Managing Director Christine Lagarde (L) shakes hands with the Governor of the Bank of Indonesia Agus Martowardojo as she leaves the Bank of Indonesia in JakartaThe International Monetary Fund managing director Christine Lagarde warned Tuesday greater resilience would be needed from the world's emerging economies to handle China's slowdown, warning the road ahead could be "somewhat bumpy". The IMF chief also cautioned that global growth this year would be "likely weaker" than previously anticipated, less than two months after the IMF cut its global forecast for 2015 to 3.3 percent. Emerging markets from Indonesia to Brazil have been bruised by the slowdown in the world's second largest economy.


  • Rosengren sees gradual Fed rate hikes, downplays timing 1 Sep 2015 | 2:24 pm

    The Federal Reserve Bank of Boston's President and CEO Eric S. Rosengren speaks during the "Hyman P. Minsky Conference on the State of the U.S. and World Economies", in New YorkThe Federal Reserve will probably only gradually raise interest rates, irrespective of whether it decides to take the first step a few months earlier or later, a top U.S. central banker said on Tuesday. The dovish president of the Boston Fed, Eric Rosengren, said a more modest policy tightening cycle than in the past is appropriate because of low inflation and threats to U.S. economic growth. Dodging the question of whether he would prefer to start hiking rates at a Sept. 16-17 policy meeting, Rosengren, who does not have a vote on the Fed's policy committee until next year, said U.S. inflation could come under yet more pressure if the economies of China, Japan, and the euro zone slow down, and if recent market turmoil persists.