Sunday, 21 September 2014

Monthly Archives February 2011

“Same Old Song and Dance” – FEE

Posted by Tom Duncan
February 28, 2011

“Friedman, as with the other papers that day, found inflation to be a massive problem. In fact, next to the threat of a third world war, inflation is what he finds to be the most serious threat to the preservation of a free society. Friedman believed the source of inflationary pressure mainly stemmed from calls […]

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“Currency Wars Lose to Inflation Making Emerging Markets Winners” – BW

Posted by Tom Duncan
February 28, 2011

“As recently as last month, governments of emerging economies from South Africa to Brazil warned that competitive devaluations might be needed to keep their strengthening currencies from stifling economic growth. Now, talk of currency controls is being abandoned and interest rates are rising as record food prices and oil at $100 a barrel make inflation […]

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“Oil Spike May Drive Fed, ECB Split”

Posted by Tom Duncan
February 28, 2011

“The US Federal Reserve and European Central Bank may go their separate ways if Middle East unrest provokes a sustained, inflationary oil price spike. Crude prices creeping back into the triple digits have sparked concern about slower economic growth and will no doubt reignite two long-running monetary policy debates: Should central banks have a single […]

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“Dollar’s Fall Rocks Far-Flung Families” – WSJ

Posted by Tom Duncan
February 25, 2011

“The world’s currencies are gyrating, but the strains are being felt beyond financial capitals and corporate boardrooms. Millions of families in developing countries rely on relatives sending dollars, euros and other weakened currencies from abroad to prop up spending at home.” Read more.  “Dollar’s Fall Rocks Far-Flung Families”  James Hookway  Wall Street Journal, February 25, […]

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“Let Them Eat Chips” – O’Driscoll

Posted by Tom Duncan
February 25, 2011

“Unfortunately for defenders of Fed policy, today’s paper is filled with stories of rising inflation. In Singapore, consumer price inflation is running at 5.5%. In Vietnam, consumer price inflation is running at over 12%. There are food riots in India. In yesterday’s Wall Street Journal, George Melloan detailed the linkage between economics and turmoil in […]

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“German States Point to Inflation Above ECB Target” – LA Times

Posted by Tom Duncan
February 25, 2011

“Inflation sped up in five German states in February, buoyed by soaring energy costs, a sign that price pressures in the euro zone could continue to accelerate above the European Central Bank’s target. Prices in North-Rhine Westphalia (NRW) — Germany’s most populous state — were 2.1 percent higher than a year ago, up from 2.0 […]

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