From Deflation Push …To Inflation Shove

For the third time since 2008, financial markets are pricing in a deflationary rather than inflationary future. The reasons for this are understandable. There is now strong evidence that global economic activity is slowing. The euro-area banking and sovereign debt crisis is worsening. The US is heading towards a so-called ‘fiscal cliff’ in [...]

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Telling Tales About Money

“With the US economy showing signs of recovery and fears about the eurozone sovereign debt crisis easing, investors are putting their money into equities and other assets geared towards economic growth rather than havens such as gold.”

— Jack Farchy, Financial Times, 23rd March.

 “Growth gloom bolsters government debt

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Price Inflation Up Worldwide

If you have wondered what has happened to all the fiat money pumped into the various countries around the world, I have your answer:

It is showing up as price inflation almost everywhere:

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Worldwide Inflation Is Hitting Home

Whichever way you look at it, price inflation is climbing:

From the BLS:

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.1 percent before seasonal adjustment. Though the [...]

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