Saturday, 01 November 2014

Monthly Archives November 2010

“The Dance of the Dollar” – Steve Hanke

Posted by Tom Duncan
November 30, 2010

“The dance of the dollar counts — and it counts a lot. With few exceptions, when the dollar weakens against the euro, commodity prices soar, and when the dollar soars against the euro, commodity prices plunge. Every commodity trader knows the importance of the dance of the dollar. Indeed, commodity traders know that, when the […]

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“Public Still Feels Inflation’s Pinch” – WSJ

Posted by Tom Duncan
November 29, 2010

“Of course, the inflation any individual faces almost surely differs from the government’s aggregate data. Outside of housing, middle-income consumers have experienced more inflation than other income groups over the past year, in part because they devote a relatively large share of their budget to energy and transportation. For the year ended in October, prices […]

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“Fed’s Move Doesn’t Impress Top CEO’s”

Posted by Tom Duncan
November 29, 2010

“The sudden increase in capital investments would create jobs and encourage economic growth, which would then make it possible to weather the interest rate hikes the Fed would inevitably adopt to keep inflation from getting out of hand. That’s the theory, but not many companies are buying it. I talked to a few chief executives […]

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“The Triumphant Return of Hayek” – Newsweek

Posted by Tom Duncan
November 29, 2010

“Last year the consensus opinion was that we are all Keynesians now. Virtually everyone in the commentariat believed that John Maynard Keynes’s solution for the Great Depression—heavy government spending to resuscitate the economy—was also the answer to today’s global downturn. The first cracks in the consensus appeared with the outbreak of the fiscal crisis in […]

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