deflation

The U.S. Federal Reserve is tasked with watching inflation while keeping the economy growing. This dual mandate is a juggling act no mortal could manage successfully for long. The result has been a Fed which has largely erred on the side…

Oil has traded as low as $68.57 today, its lowest since August 2007. Gold is down $40 to below $800 an ounce. And all other commodity prices are getting pummeled. Now, I certainly foresaw some major declines in commodity prices as a major…

Inflation was unchanged from the previous month in September, bringing the annual rate of inflation down to 4.9%. While the inflation rate is still elevated, the drop in oil and commodity prices combined with lower consumer spending is…

If the huge sell-off on Wall Street, the gaping up of LIBOR, the halt of credit liquidity everywhere, the nationalisation of financial institutions and the enormous TED spread are not enough to convince you that we are headed for a…

In July, I made my ten predictions for the markets and global economy for the rest of the year. Some of my predictions were pretty pedestrians, and some were fairly bold. Let's take a look and see how I'm doing.Here's what I originally…

The inflation rate fell to 5.4% in August in the US, paving the way for a cut in interest rates later today by the Federal Reserve.With oil prices droping by one-third over the past few months, it was a question as to whether the data would…

Since June, bond yields have fallen to the point where the U.S. government is getting paid to borrow money right across the entire yield curve. The 10-year is 3.8%, while inflation in the U.S. is 5.6% . What gives? This is either a flight…

The minutes of the Bank of England's most recent Monetary Policy Committee (MPC) meeting demonstrate that Britain's monetary policy makers are all over the shop. Most committee members voted to keep rates at 5%, but there was also a vote…

I'm getting a lot of mail about the Rosenberg post and my mea culpa on inflation. To be blunt, a lot of you think I'm out to lunch and Rosenberg is too -- after all inflation is over 5% and that's just the bogus CPI measure our governments…

This is a transcript from the Nightly Business Report interview with David Rosenberg last night. He has consistently been one of the best economic commentators on Wall Street during and after the bubble. His comments regarding…