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The Economist (Free subscription) | 7 hours ago
If interest rates move, the direction will be up rather than down AS THE economy stumbles and inflation surges, the Bank of England's rate-setters face a predicament. Should they cut interest rates to help ward off a severe downturn? Or should they raise rates in an effort to tame inflation? The obvious response to such a dilemma is to stay put and that is exactly what the central bank's monetary-policy...
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Mises Economics Blog (Free subscription) | 6 hours ago
A debate has been raging for some time among those in the finance industry about whether the United States is currently experiencing inflation, deflation, stagflation, reflation, hyperinflation, or maybe even some other sort of "-flation" that only Dr. Seuss could imagine. Given the confusion, this article will add some color to the debate by offering usable definitions of the terms inflation and...
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Seeking Alpha (Free subscription) | 12 hours ago
Mark J. Perry submits: Rising food and energy prices have received a lot of media attention lately, along with concerns about the threat of inflation. The chart above (using BLS data via Economagic ) shows a sample of products that have experienced significant deflation in the last ten years (as well as deflation in the last few years in almost all cases), double-digit percentage decreases in all...
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The LRC Blog (Free subscription) | 17 hours ago
Isn't it funny how much gold and silver have gone up in value since the government commanded that they are not money? The contradictions of state socialism are everywhere: Ever since the government stopped declaring war, we haven't had a...
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Angry Bear (Free subscription) | 3 hours ago
Have you ever noticed that, when considering the economic performance of different countries, people often just report the GDP growth rate without any corrections for e.g. initial GDP ? It's as if they thought that countries generally have about the same growth rate and any deviation from the world average is interesting. This is very odd as most growth models imply that growth rates should be very...
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Real Time Economics (Free subscription) | 4 hours ago
The increasingly international nature of banking today is blunting some of monetary policy’s potency, according to a Federal Reserve Bank of New York paper. Economists Nicola Cetorelli and Linda Goldberg argue that while banks that do business mostly within the U.S. remain highly affected by changes in rate policy, large institutions with a global presence can [...]
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Daily Khabor @ Khabor.Com (Free subscription) | 5 hours ago
Zillur seems to be a habitual liar, because he does not blink what to speak of accepting his mistake. While quoting figures, I had given the following link: http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28PPP%29 Now anybody could go and check figures from those quoted by me. I had even clearly stated that in order of magnitude Pakistan's GDP is 25th in the world, wheras it is 47th in case...
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Kruse Kronicle (Free subscription) | 10 hours ago
BBC Radio: What was the Roman Empire's GDP? While troubles in today's economy are creating headlines, one academic economist, Angus Maddison, has been devoted to compiling statistics on world economies on a slightly longer time horizon, since the year 1AD....
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Chronicle.com (Free subscription) | 11 hours ago
The measure of colleges' inflation costs grew only slightly more than last year, but it doesn't include recent jumps in some expenses, like utilities.
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NewsBusters (Free subscription) | yesterday
Brian Wesbury, whose writings I have quoted often, is at it again, puncturing the economic gloom with reality-based analysis. Since his job is to provide useful info for the investor-clients at First Trust, creating unrealized hype is not in his best interest. Wesbury is predicting a stunning improvement in the economy's growth rate (PDF; HT Political Calculations ) when Uncle Sam's Bureau of Economic...
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Daily Khabor @ Khabor.Com (Free subscription) | yesterday
WRT khabor message # 13509 Javed Iqbal Kaleem has taken to pouring scorn on Bangladesh's economic performance since the 1971 partition. With great deal of satisfaction, he has gone on to opine that West Pakistan had subsidized, rather than exploited, East Pakistan in the period 1947-1971. Exploitation of East Pakistan is very well documented in existing literature, even in those authored by well known...
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ABS CBN (Free subscription) | yesterday
Bangko Sentral ng Pilipinas governor Amando Tetangco said on Wednesday that economic growth of 5-6 percent this year would be respectable given current conditions.
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Japan Times (Free subscription) | 22/07/2008
The Cabinet Office on Tuesday lowered its forecast for real economic growth in fiscal 2008 from 2.0 percent to 1.3 percent, citing surging energy costs and weakening growth in the United States that has hurt corporate earnings and consumer spending here. The revised forecast follows a similar change by the Bank of Japan, which cut its fiscal 2008 forecast from 1.5 percent to 1.2 percent last week....
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Cambridge Forecast Group Blog (Free subscription) | 22/07/2008
Freight Investor Services FIS Supra & Handysize Report 22nd July 2008 and The Baltic Spot Indices Alan Cumming (AlanC@freightinvestor.com) Tue 7/22/08 Dear All, Please find attached the FIS Supra & Handysize Report 22nd July 2008 and The Baltic Spot Indices. Regards, Alan Cumming Freight Investor Services Tel: +44 207 090 1120 Mob: +44 [...]
