inflation

As the winter storm pounded the north eastern United States on Friday, gasoline futures hit another high. The March delivery contract broke $3.06, indicating that retail prices for fuel will be going up.

Brazilian central bank's highly accommodative policy in the past year and the recent weakness in the Brazilian real has helped boost growth.

“Who is afraid of currency wars?” asks Gavyn Davies in the FT. I have known Gavyn for 25 years and have to confess that he is way out of my league intellectually. He is one of the smartest people I have ever met and, thankfully, also one of…

The talk in 2013 has been of the great rotation from bonds to the U.S. stock market. This accompanies a new world record for the Russell 2000 Index (small-cap stocks). The S&P 500 has topped 1,500. It did so twice before, in 2000 and…

I have heard a lot of doomsday predictions regarding Japan over the last twenty years. None of them have panned out as yet. This year, we are hearing a lot more as a result of the Japanese Central Bank's intention of 'monetizing' the…

The weekly post on Monday was on the new Japanese LDP Prime Minister Abe's threat to strip the Bank of Japan of its independence as a central bank. The thrust of his threat goes to  the integration of monetary and fiscal policy to create a…

Greetings to you all on Christmas Eve. I think the big deal today is not America or Europe, but Japan. The incoming Japanese Prime Minister is threatening to strip the Bank of Japan, the central bank, of its independence. What Mr. Abe said…

I am not going to do justice to the monumental change the Fed just instituted with the FOMC's policy statement yesterday but I am going to take a first stab at it here in this daily with a number of articles below to follow. Here's the crux…

This is a good interview with Hugh Hendry, who I always enjoy. It runs twenty minutes. Hugh Hendry, of Eclectica Asset Management, takes the long view on investing at The Economist's Buttonwood Gathering on October 25th 2012. He was…

Three years on, I remain absolutely convinced that deflation, driven primarily by consumers eager to repair their balance sheets, will be a powerful force for many years to come but, at the same time, I must admit that I see worrying signs…