inflation

The wage-price spiral is now underway in core Europe as German wages are on the rise. The ECB will surely act as it has no other choice with inflation now the dominant economic concern across the Eurozone.Today, German daily Der Spiegel…

Morgan Stanley economist Stephen Jen has said that it is the emerging market central banks, not the G-7 central banks who will be most tested by this bout of inflation that we are experiencing. His view of the implications of global…

Oil prices aren't high because of greedy oil companies or backstabbing middle eastern countries. Oil prices are high because of easy money. That is the message of David Uren in today's Australian. I subscribe to his view but add in peak…

Last Monday, I warned of the ill effects that flooding would have on our pocketbooks in the post Floods increase the chances of inflation. Unfortunately, we have seen renewed flooding in the Midwest this week as well. The total impact…

The defunct power plant that gave us one of the most famous album covers of all time (Pink Floyd, "Animals") is back. Battersea Power Station is going to get an overhaul to the tune of £4 million.With the price of fossil fuels so high, the…

For my German-speaking readers, I have found an excellent country-by-country look at inflation and its effect and outcome in the Financial Times Deutschland. Specific countries covered are the Euro-Zone as a whole, Germany, Belgium the UK,…

The Globe & Mail (via AP) has reported that the first shot across the bow for Big Oil has been delivered by the new Italian Prime Minister Silvio Berlusconi. With oil prices surging and inflation at very elevated levels around the…

Tariffs and price controls? Apparently, Latin America thinks it can stop the growing tide of inflation and end the riots on their streets by just imposing tariffs and imposing price controls. They better get ready for a blind date with…

The UK government came up with a new inflation data series in the 1990s to replace the RPI for tracking consumer price inflation. Many people believe this series, the CPI, understates the inflation actually experienced by consumers in the…

In an article entitled "Globalized Inflation," Joachim Fels warned in today's Wall Street Journal that inflation is not contained and that we are in a new inflationary period.The conventional theory is that surging food and energy costs…