Tuesday, 28 March 2017

Monthly Archives November 2012

Bid Farewell To Pennies And Nickels!

Posted by Gonzalo Schwarz
November 29, 2012

Amazingly, the government is capable of losing money by making money. From wealthwire.com: The penny has run out of luck, both in Canada and in the United States. Back in March, the Royal Canadian Mint announced that they were phasing out the penny due to “low purchasing power and rising production costs”, according to CBC News. […]

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We’re All Currency Manipulators Now

Posted by Gonzalo Schwarz
November 29, 2012

by Azizonomics The BBC reports: The US has decided not to declare China as having manipulated its currency to gain an unfair trade advantage. But the Treasury did say that China’s currency, the yuan, remains “significantly undervalued” and urged China to make further progress. In its semi-annual report, it said Beijing did not meet the criteria […]

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Inflation, Unemployment, and Gold

Posted by Gonzalo Schwarz
November 28, 2012

Written by Kathleen Packard Washington Post’s Neil Irwin wrote after the election, “To economists, inflation is the dog that didn’t bite. Despite fears among commentators that the Federal Reserve’s easy money policies would cause rising prices, the consumer price index rose only 2 percent over the last year, exactly what the Fed aims for. And investors […]

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Are Turkey and Iran Showing the Way…

Posted by Gonzalo Schwarz
November 26, 2012

…That the World Will Adopt a Gold Standard by Necessity? Turkey Swaps Gold for Iranian Gas Loophole in Western Sanctions Allows Iran to Buy Gold in Turkey With Turkish Payments for Gas Imported From Iran By JOE PARKINSON and EMRE PEKER ISTANBUL—Turkey on Friday acknowledged that a surge in its gold exports this year is related to payments […]

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Sound money? Pah!

Posted by Gonzalo Schwarz
November 26, 2012

By Chris Dillow Stock markets rise and fall with US inflation expectations We need more inflation. That’s the message of stock markets. For a long time, there has been a huge correlation between US inflation expectations, as measured by the gap between 10-year Treasury yields and their inflation-proofed equivalents, and the S&P 500; since January […]

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Bulgaria: Fifteen Years Later

Posted by Gonzalo Schwarz
November 22, 2012

By Steve H. Hanke The first of July marked the anniversary of a momentous day in Bulgarian history. On that day, fifteen years ago, Bulgaria installed its currency board system (CBS), finally ending its hyperinflation, which had peaked with a monthly inflation rate of 242%, in February 1997. But, I am getting ahead of myself. […]

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