On the surface, the week begins with a tale of two economies, each headed in seemingly opposite directions. In Australia, retail sales rose in November by 1.4% to over $20 billion, according to ABS data released last week. It was the strongest monthly rise in eight months. And that was before Christmas shopping really got under way.
January 11th, 2010 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "U.S. interest rates"
$2,000 Gold Prediction
The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | Continued
Is Inflation Necessary for Recovery and Growth in the United States?
It was French economist Jacques Rueff who revealed the scam more than half a century ago. The whole idea of Keynesian stimulus, he explained, was to cause inflation…which would reduce the real price of labor. In a modern democracy, politics prevents wages from falling.
August 3rd, 2009 | Bill Bonner | 0 comments | Continued
