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Rampant Inflation In 2011? The Monetary Base Is Exploding, Commodity Prices Are Skyrocketing And The Fed Wants To Print Lots More Money
Are you ready for rampant inflation? Well, unfortunately it looks like it might be headed our way. The U.S. monetary base has absolutely exploded over the last couple of years, and all that money is starting to filter through into the hands of consumers. Commodity prices are absolutely skyrocketing, and it is inevitable that those price increases will show up in our stores at some point soon.
The U.S. dollar has already been slipping substantially, and now there is every indication that the Fed is hungry to start printing even more money. All of these things are going to cause a rise in inflation. Not that we aren’t already seeing inflation in many sectors of the economy. Airline fares for the holiday season are up 20 to 30 percent above last year’s rates. Double-digit increases in health insurance premiums are being reported from coast to coast. The price of food has been quietly sneaking up even at places like Wal-Mart. Meanwhile the U.S. government insists
Bank Of England’s Posen: You Have To Choose Either Money Printing Or A Lost Decade Of Growth
200 billion pounds of quantitative easing (QE) wasn’t enough according to the Bank of England’s Adam Posen.
Speaking to the Hull and Humber Chamber of Commerce, Industry, and Shipping, he argued for a second round of QE, warning that should England refuse then a lost decade of growth was ahead.
Print or die:
Telegraph:
“Absent further monetary stimulus, I would expect UK inflation to fall well short of the target in 2012 and 2013, perhaps reinforcing a persistently low-growth outcome as in Japan in the 1990s.”
It is the first time an MPC member has publicly called for more QE and raises the prospect of a three-way split at next month’s interest rate vote. In an interview with the Nottingham Post yesterday, Andrew Sentance, the lone MPC member to have voted for a rate rise at the past four meetings, said: “There is no need [to restart QE].
Long-Time Gold Bull Yves Lamoureux Says Why He’s Quitting The Rally
UPDATE: Yves Lamoureux sent this chart to back up a post published yesterday.
Asset classes behave as expected – at least for some of us. Scenarios of both deflation and hyperinflation appear priced in. Do not expect to get rewarded on confirming events.
Our recent performance underscores the benefit of thinking in terms of liability-driven investing.
http://www.zerohedge.com/article/guest-post-strip-g-rated
Analyzing pension liability risks is the first step in determining future market influences and direction. A major error of judgment by portfolio managers at the end of the 90’s was allowing equities to continue to dictate asset allocation. T
Warren Buffett’s Headed To China — Will He Dump Shares Of His Favorite Car Maker?
Warren Buffett is headed to China for a trip that will be heavily covered on CNBC.
One question that’s coming up: What is the fate of Buffett’s investment in Chinese car company BYD?
This odd Reuters report is creating some buzz, as it quotes an analyst who thinks Buffett will soon be dumping some shares.
Chinese news service Caijing follows up, and quotes a BYD official who calls the rumor nonsense.
Buffett originally invested $230 million for 10% of the company, and that stake is now worth $1.6 billion, though it had been worth $2.5 billion before a series of mis-steps and slowing sales.
As you can see, the stock has come off well off its highs for the year.
10 States Where A Ridiculous Number Of People Works For The Government
Barack Obama’s biggest supporters these days aren’t Democrats. They are:
- The unemployed, who make up 9.6% of the workforce
- Government workers, who make up 14.1% of the workforce
These groups represent nearly a quarter of workers, and of course they support the man who sends their paycheck.
What might surprise you about government employment statistics, from CEPR, is that the highest numbers are in Tea Party hot zones like Alaska.
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