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Good News in the U.S. Housing Market
2011-12-19 07:00:00 Good News in the U.S. Housing Market is a post originally published on: Everything Finance - Everything Finance - A Good Personal Finance Blog - Its all about Money!The U.S. housing market might have some good news, Reuters reported on Sunday. It seems that for the first time since 2005, U.S. residential construction might be expanding a little next year. It might, in turn, add a little to GDP growth in 2012. It would add not much, of course, but it would complement ...Get a free mortgage quote!
THE COLLEGE CONSPIRACY
2011-12-14 18:30:00 According to the National Inflation Association (and some very disturbing numbers), America's higher learning institutions are the biggest scam in U.S. history. A very bold claim to make, we know, but just check out their documentary, which breaks down everything from the current state of inflation to the hyper-inflated student loan bubble, and you might wind up agreeing. Frightening stuff.
BoE Says Inflation to Fall, Opens Door to QE
2011-11-17 08:19:00 Source: ForexYard BoE Says Inflation to Fall, Opens Door to QE The BoE is one step closer towards additional quantitative easing (QE) with the release of the Bank of England's inflation report. Growth is expected to be flat as austerity measures weigh on the UK economy. Deterioration in the global outlook will also keep UK growth limited. The statements have markets expecting another round of bond buying from the BoE and could lead to declines in sterling. Economic News USD – US Inflation Continues to Decline, QE3 Could Follow Inflationary pressures are declining in the US economy, a phenomenon that could lead the Fed to begin another round of quantitative easing (QE). For the fourth consecutive month headline . . . → Read More: BoE Says Inflation to Fall, Opens Door to QE
By: Jutia Group
ECB Trichet: Not In Favor Of Bailout Funds Refinanced By ECB
2011-10-04 17:31:00 The euro zone's economic growth is likely to be "very moderate" in the second half of 2011, with risks "to the downside," European Central Bank President Jean-Claude Trichet said Tuesday. "We expect very moderate real GDP growth in the euro area in the second half," Trichet said at a hearing of the European Parliament's economic and monetary affairs committee in Brussels. Trichet said inflation is likely to stay above 2% in the coming months before falling below that level next year. Medium and long-term inflation
By: Rant About It
Market News: Eurozone Inflation, Morgan Stanley's CDS, DOJ Into Chinese Boo
2011-09-30 15:53:00 Eurozone inflation picks up. The EU's statistics office estimates the eurozone's inflation rate has risen to 3% in September - up from 2.5% in August, ahead of economist expectations for a 2.5% rate, and representing the largest increase in consumer prices since October 2008. The data makes it even less likely the ECB will cut interest rates at its October 6 meeting, given its mandate of keeping inflation below 2%.Morgan Stanley's CDS spread soars. The cost of acquiring credit-default swaps to insure Morgan Stanley's (MS) debt has soared to 456bp, higher than the cost of buying swaps for some major French and Italian banks. Morgan Stanley's CDS spread is still well below a post-Lehman peak of 1300bp, but nonetheless at its highest level since March 2009, as fears of French bank exposure heighten investor caution.S&P and DJIA under one roof? Standard & Poor's owner McGraw-Hill (MHP) and CME Group (CME), owner of Dow Jones Indexes, are in advanced talks to...
By: Rant About It
Congratulation Inflation
2011-04-11 09:34:00 Congratulation inflation not only damages language, it is bad for us psychologically. Praise is a Class A drug and we crave more and get upset when we don?t get any in sufficiently pure form.Link
By: Jeff Wu
December?s Job Report : Good For Home Affordability
2011-01-07 14:46:00 For this month -- and for the rest of 2011-- employment data will figure big in mortgage markets and for home affordability. Today's release is the first big splash.
The Fed Minutes Keep Mortgage Rates On Hold (For Now)
2011-01-05 14:46:00 The Federal Reserve released its December 14 meeting minutes Tuesday afternoon. There wasn't much there to disturb mortgage markets, thankfully.
China Inflation And The Impact On Your Business
2011-01-04 15:18:00 By: Steve Dickinson There are two related economic issues that are of primary importance to ordinary Chinese people. The first is the inflation in prices of basic necessities such as housing and food. The second is the lack of wage growth in the manufacturing and service sectors. Today’s China Daily (January 4, 2011) featured five separate articles dealing with these issues. • The headline article of today’s China Daily reports that the PRC All China Federation of Trade Unions (ACFTU) is pushing for legislation that will establish the formal rules for mandatory collective wage bargaining in China. While China mandates that all businesses permit the formation of unions, there is no corresponding set of national laws or regulations concerning mandatory collective bargaining. However, a number of local governments have adopted local rules and “guidance” concerning mandatory wage agreements. The ACFTU assert that where collective bargaining has been us...
By: China Law Blog
Their Inflation, and Yours
2010-12-15 20:56:00 ?No inflation here? says Uncle Sam? Why your real-world experience says otherwise. Inside the statistical sausage machine that spits out sham-tastic inflation figures. Euro alert: two surprise guests about to join the PIIGS. Motivated, results-oriented team player with extensive experience seeks to make resume readers scream in horror. Frontline reports from the ?war against the zombies?? a cautionary tale about writing your congressman.
Chart of the Week: Inflation in the Real World
2010-10-28 06:24:00 By Jake Weber, Editor, The Casey Report As is often the case, there is a big difference between what the government statistics are reporting and what’s going on in the real world. According to the most recent inflation reading published by the Bureau of Labor Statistics (BLS), consumer prices grew at an annual rate of just 1.1% in August. The government has an incentive to distort CPI numbers, for reasons such as keeping the cost-of-living adjustment for Social Security payments low. While there’s no question that you may be able to get a good deal on a new car or a flat-screen TV today, how often are you really buying these things? When you look at the real… . . . → Full Story: Chart of the Week: Inflation in the Real World
By: Jutia Group
Fed Minutes Edge Mortgage Rates Higher
2010-10-13 14:51:00 The Federal Reserve released its September 21, 2010 meeting minutes Tuesday afternoon. Mortgage rates are slightly higher today.
Inflation in Europe is plus after 5 months
2010-07-29 06:43:00 Inflation in Europe is plus after 5 months Of the 16 countries included in the EU’s common currency in the euro area in June-October period minus the inflation rate, from 0.6 percent in November, returned to positive again. According to EU statistics agency Eurostat data, in June to minus in in July after -0.7 per cent until ... Related posts:Dubai and Abu Dhabi Stock Exchange went down Fall in Dubai and Abu Dhabi Stock Exchange Asian stock...Inflation (Purchasing Power) Risk One type of risk associated with long-term investments is that...IMF has some moral for 2010 IMF pessimistic this year came from the government, for 2010...
CPI Inflation Targets in UK
2010-02-17 11:05:00 Yesterday, the ONS reported that CPI inflation jumped to 3.5% in Jan. This record jump was partly influenced by the impact of rising VAT from 15% to 17.5%.But, stripping away temporary factors, is an inflation rate of 3% good news or bad news? A little inflation is much better than the threat of deflationAround the world, Central Banks have an inflation target of 2%. But, the costs of having an inflation rate of 3% are only marginally higher. A higher inflation rate would enable higher nominal interest rates and thus give Central Banks more manoeuvrability in cutting interest rates in the case of a slump we witnessed recently.More analysis at - Optimal Inflation RateRelatedThe Twin threat of Inflation and Deflation
Inflation Spikes
2010-01-27 11:19:00 We have been in the longest recession since the great depression, so it is somewhat suprising to see a rise in inflation. This includes both the RPI and CPI measures. CPI is 2.9%, RPI is 2.4%. When the inflation rate rises above 3%, the governor of the Bank of England has to write a letter of explanation to the Chancellor. He is already drafting a response as the Bank of England expect inflation to peak at over 3%, when the rise in VAT from 15 to 17.5% is included.Why Inflation?Depreciation in Sterling makes imports more expensive. About 40% of goods are imported, when the pound devalues as it did in 2008/09, it makes imports more expensive.It is a reflection that prices fell in December 2008 by 0.4%. By contrast last month they rose by 0.3%.Oil prices rising relative to 2008Factors which aren't causing Inflation?Quantitative Easing. You might expect that if you create £200bn of electronic money this increase in money supply should cause inflation. However, money supply growth is ...
Federal Reserve Fighting Inflation in the 1970s and Restraining the Housing
2009-12-20 09:20:00 People have a hard time predicting the future especially when it comes to economic behavior. Many people saw the housing boom and bust but few had the wherewithal to take action at optimal points. Once the herd catches wind, it is usually too late. How many people rushed in at the tail end of the ...
Inflation in the US: The Candy Bar
2009-11-27 07:52:00 So, I thought I'd lead off the story of the declining dollar buy illustrating how inflation has slowly but surely eroding our purchasing value. I'm choosing to illustrate this by borrowing from my own life and talking about the price of candy bars.When I was a little kid, say six years old, I was able to buy a candy bar at the local grocery store for ten cents. I can be sure of this, because my dad used to give me a quarter and I would ride my bike up to the local Lucky's and I would buy two candy bars and pocket the nickel in change.Last week when I was a my local super, candy bars we're priced at $.99 a piece.What this means of course is that in 35 years, the price of a candy bar has risen ten times! Or looked at another way, on average, the price of my candy bar has gone up about 6.7% every year. In Econ 101, Professor McKibben told us that inflation between 2.5% and 3% was normal. So what gives?From what I can recall, I believe that I was paying about $.50 for a candy bar ju...
By: OC Prudent Bears
Indian inflation rises
2009-11-15 09:20:00 The first monthly data released by the Government of india on 14th Nov 2009 showed inflation more than doubled to 1.34 per cent in October compared to 0.5 per cent a month earlier ... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Now this is inflation
2009-10-17 12:49:00 Hello friends We are feeling the heat with inflation in the range of 7% just think about inflation of 100,000%. Yes i have added the right number of 0's. This is the level of inflation in Zimbabwe. 50mn Zimbabwean dollar = ...
Highest Ever Cost Inflation Index Notified For FY 2009-10!
2009-09-13 07:23:00 Highest ever Cost Inflation Index notified by Central Govt. The cost inflation index is used when you compute the long term capital gains on sale of a capital asset. Therefore, higher CII means, less taxable lng term gains. Read the notification below NOTIFICATION NO : 67/2009, Dated: September 9, 2009 In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, number S.O.709(E), dated the 20th August, 1998, namely :- In the said notification, in the Table, after serial number 28 and the entries relating thereto, the following serial number and entries shall be inserted, namely:- ?29 2009-10 632? F.No.142/13/ 2009-TPL (Vijay Kumar Jaiswal) Under Secretary (TPL-IV) Complete list of Cost Inflation Index since 1981 is as under:
Inflation bet on BHP Billiton (BHP)
2009-08-07 06:00:00 "Longer-term, I have no doubt that a ruinous inflationary cycle is on the way," says Jim Powell. In Global Changes & Opportunities, he takes a look at BHP Billiton (NYSE: BHP)."Near-term, deflation is still the dominant condition. However, inflation will begin once the Fed’s $2 trillion finds its way into the economy. At that point, precious metals, most raw materials, strong foreign currencies, and other inflation hedges will pay off."Banks are currently hoarding the funds they are receiving from the Fed. That practice will end once the economic outlook improves and lenders feel it’s safe to make credit available again."When the vaults swing open, I think the flood of money will trigger the sharpest inflationary run-up we have ever seen."Deflation has gained so much momentum that I think it will continue – and probably get worse – for several months. "However, being unprepared for inflation (or a possible doll...
Inflation At The Consumer Level Rose By 0.7 Percent
2009-07-16 09:42:00 The market moved broadly higher at the open this morning as positive earnings reports outweighed lack lackluster economic data.The Commerce Department said inflation at the consumer level rose by 0.7 percent last month, slightly higher than the 0.6 percent increase that economists were expecting. It was the biggest one-month gain since a 0.7 percent increase last July. The big jump was seen as a temporary blip, however.Inflation is not expected to be a problem any time soon given a severe recession which is keeping a lid on wage pressures.The Federal Reserve reported production at the nation's factories, mines and utilities fell 0.4 percent last month as the recession crimped demand for a wide range of manufactured goods, including cars, machinery and household appliances. The decline, however, was not as bad as May.Industrial activity posted a revised 1.2 percent drop then, which turned out to be slightly worse than first reported.Oil prices rose to near $61 a barrel as investors ...
By: Rant About It
LINN Energy (LINN): 'Best in class' inflation hedge
2009-05-15 15:00:00 "As the global economy rebounds late this year or next year, demand for energy will rise again, sending prices of crude and natural gas higher," says growth and income expert Bryan Perry.In his top-notch The Cash Machine, he explains, "With energy assets cheap by historical standards right now, I want to increase our exposure to LINN Energy LLC (NASDAQ: LINE), a best-in-class inflation hedge.""Founded in 2003, LINN is an independent oil and gas Master Limited Partnership (MLP) that completed its initial public offering (IPO) in January 2006."The company focuses on the development and acquisition of long life properties, with its properties currently located in California and in the Mid West."At the end of 2008, the company reported that its proven reserves stand at 1,660 Bcfe, which is comprised of 51% natural gas, 31% oil and 18% natural gas liquids (NGL)."And LINN Energy noted that it 66% of its 6,716 productive wells were in operation. Aver...
Adens: Inflation and gold
2009-04-23 14:00:00 "The writing is on the wall; massive spending by the Federal Reserve, the government and other major central banks is certain to cause an unprecedented surge in gold in the years to come," say Mary Anne and Pamela Aden.In The Aden Forecast, the resource experts assess both the near term weakness in as well as their long term bullishness on gold."The Fed has literally pulled out all of the stops. It is not going to let the financial system fall apart, or the country fall into a depression, no matter what. "If that means bailing out nearly everyone and creating whatever amount of money it takes, then that’s what it’s going to do."In fact, the Fed is taking measures never seen before. It’s beyond unprecedented and the amounts of money involved are simply mind boggling. "By taking these dramatic actions, which dwarf anything seen in the past, the market seems to agree that it’s going to help the banks get out from und...
Inflation protection from Fidelity
2009-04-21 06:00:00 "Inflation protected bonds hold an interesting hybrid place in Fidelity's bond fund lineup," says Jim Lowell. In Fidelity Investor, he looks at Fidelity Inflation-Protected Bond Fund (FINPX)."When fear of recession (and fear while in recession) hold the upper hand, they behave more like longer-term Treasuries. "When fear of inflation rises, and long term Treasuries go into a tailspin, these bonds benefit from their inflation protected top spin.Right now, after the strongest general market rally since the Great Depression, things feel less gloomy (even though they still look relatively dicey)."But the mood of the market is itself a projection of the mood of the underlying investors in it; that mood has clearly changed from abject fear to tentative optimism in, at least, the possibility of and for stabilization of the economy and markets sometime this year."Because we're betwixt and between abject fear and tentative optimism, it makes sense to sti...
Re: Five Reasons for Economic Optimism
2009-04-02 11:01:00 I stumbled across an article in the March 16th issue of the TIME Magazine that brought up a couple of interesting points about the current economic situation in America. The author of the article, Justin Fox, talks about the good (or, at least, the fairly good) things that come out of any recession. Consequently, he ...
"Would you like a side of hyper-inflation with your job loss and reduced fa
2009-02-24 16:44:00 That is the question our government would be asking you if they were your waiter. While I was doing this morning’s mortgage market update, that thought came to mind as a great way to sarcastically explain the government’s actions thus far. With job losses mounting, the government claims they need to force through another stimulus package which creates more jobs, government jobs that is. And they did exactly that, well not exactly as the amount of jobs they actually will create versus what they claim will not equal each other, and it will be inversely proportional to how much the cost is. In simpler terms, they won’t create the promised amount of jobs and it will ultimately cost more than what they said. Also, history shows that growing the government is exactly opposite of what the government should be doing, at least in a capitalistic society. maybe the dessert selection will be socialism? I don’t think there are many out there ...
Darkcloud wrote a new blog post: Vainglory or ego-inflation
2009-01-20 22:45:00 Darkcloud wrote a new blog post: Vainglory or ego-inflation "In Evagrius's view, ego-inflation also makes the monk dream of becominga priest. While perhaps surprising today, at that time the priesthood was vested with such dignity that any monk would deem himself unworthy of such a grace. To desire ordination was the height of presumption. The antidote, according to Evagrius-we could still find this shocking-is knowledge. ...
Inflation - Worst Case Scenario
2009-01-14 12:07:00 About a year ago I wrote a tongue in cheek article about how inflation is inconvenient. At the time, I was a little disappointed that the price of an ice cold beverage at my workplace increased 25%. Actually, it wasn’t the price increase that bothered me so much as having to carry around quarters. I ...
By: Cash Money Life
Consumer Price Index Fell at Record Pace in November - Chart of the Day
2008-12-16 20:07:00 Original Post on The Sun's Financial Diary Consumer Price Index Fell at Record Pace in November - Chart of the Day Original Post on The Sun's Financial Diary Consumer Price Index Fell at Record Pace in November - Chart of the Day Stock prices are falling, house prices are falling, gas prices are falling. And when gas prices lost more than 60% in 5 months, we know we are going to get a break on inflation. After all, ...
Watch Out for Inflation in 2009
2008-12-13 14:08:00 This is a guest post by Simit Patel, a contributing analyst at InformedTrades.com, a site that offers free courses on trading the world’s financial markets. At the time of this writing — December, 2008 — the US economy is characterized by deflation. Deflation means the supply of money is falling, the value of currency is rising, ...
By: Cash Money Life
The Psychological Trigger of Hyper-Inflation
2008-11-26 17:36:00 In a fiat monetary system, there will always be a balancing act between inflation and deflation since the central banking system must manipulate the money. It is however, very rare for a fiat system to suffer from deflation because of the very nature of the monetary system itself and it only occurs when there has been a boom in the business cycle brought about by, once again, central banking manipulation of interest rates.Of course, in our “collective†memory, the only thing we can associate deflation with is The Great Depression however, that memory when compared to our current deflationary bout is skewed by the differences between the two monetary systems; the one which existed prior to 1934 and then the one that now exist that came about in 1971. It should be obvious, but perhaps not, that a foundational difference in the monetary systems will have profound effects on both inflation and deflation along with economic movements and behaviors. In a way, the world was turned upsi...
The Destructive Measure of Fiat Inflation
2008-11-05 22:05:00 Inflation is a peculiar thing particularly since it is not necessarily innately built into an economy. Continual inflation is an act of intervention into normal monetary mechanics, unlike supply/demand inflation; continual inflation is implemented by a very narrow operation of expanding monetary creation, particularly that of the fiat monetary supply.It has been relatively easy for this government and the Federal Reserve to hide the inflationary monetary policies from the public for decades behind the idea that it is simply a supply and demand issue increasing the price of goods and services in this country, but that ruse is rapidly coming to an end as more of the population is becoming educated to the actual causes of our continual inflationary push. Of course, there are other factors that can be manipulated to contribute to the ruse of inflation, such as the rising costs associated with raw materials and labor.Since 1971, we have seen a continual rise in prices; year after year th...
Gold & inflation: What's next?
2008-11-05 06:00:00 "Excesses in commodities have been thoroughly washed out of the system," says Curtis Hesler (http://www.thestockadvisors.co-m/ccount/click.php?id=2537) in The Professional Timing Service (http://www.thestockadvisors.co-m/ccount/click.php?id=2537). Here's his case for rising stocks, inflation and gold."The decline we have seen in commodities has been a consequence of deleveraging and the self-feeding process of liquidation brought on by highly leveraged institutions selling everything and anything to raise needed cash. "Once one sells down prices, another is compelled to follow suit. This has forced margin calls on institutions and individuals who then joined the fray. The result has been to see asset prices - both paper and tangible - decline. The real question is, what is next? "The Fed has created an amazing amount of money of late. All that money the Fed is creating will take a brief trip through the stock market, and we will see a rebound in the popular averages."I see the Do...
Aden sisters: Hyper-inflation or deflation?
2008-10-30 05:00:00 “There’s no question these are dangerous times and the financial world is in uncharted waters,” caution resource experts Mary Anne and Pamela Aden (http://www.thestockadvisors.co-m/ccount/click.php?id=2507).In- The Aden Forecast (http://www.thestockadvisors.co-m/ccount/click.php?id=2507), the sisters offer an exceptional in-depth discussion on inflationary vs. deflationary foreces, their outlook for precious metals, and their top gold and silver positions for long-term investors.“The global financial system is on very thin ice, teetering on collapse. Global central banks clearly are literally pulling out all the stops to revive lending and the world economy.“Will these efforts work? Will they be enough? Those are the most important unanswered questions of the day and only time will tell, but we should know much more in the critical month or so ahead. Why?“The Fed is spending money at an astronomical rate. It’s creating this money out of thin a...
Does Speed/distance indication on odometer change with tire inflation
2008-10-22 10:08:00 This is George Kottackakathu from India I am confronted with a postulation that based on the tire inflation levels the speed/ distance indication on the odometer changes by up to 10 % in the reading, is it true?. This is in regard to the discussion with the accuracy is calculating the spee
Systemic Inflation Running Rampart
2008-10-21 18:42:00 Today (Monday) marked what will become a very typical day in financial markets. The U.S. dollar, Oil, Gold, and stock markets were all up. Denmark joined the bailout game with their $13.4 billion capital infusion in the banking and insurance…
By: Jutia Group
Frank Holmes: ?When Inflation Erupts, Gold Will Take Off?
2008-10-21 17:47:00 The Gold Report Expect short-term hesitancy in the upward movement of the gold price until liquidity returns to the markets, says Frank Holmes, CEO and chief investment officer at U. S. Global Investors and co-author of the new book “The Goldwatcher:…
By: Jutia Group
Inflation Cools as Economic Downturn Deepens
2008-10-17 19:16:00 Consumer prices held steady as the credit crisis took a toll on the sluggish U.S. economy and dampened inflation. The Labor Department announced yesterday (Thursday) that the Consumer Price Index (CPI) was unchanged in September after declining 0.1% in the prior…
By: Jutia Group
News Brief - Rent Increases Lag Inflation Rate
2008-10-17 00:46:00 The Consumer Price Index rose again last month by more than 5 percent. The CPI reflects rising energy and food costs, as well as stagnant wages. The rental component rose as well, but, as has the case for the past 10 months, it rose more slowly than the CPI as a whole.Source: Multi-Housing News
Mobile phones, Inflation and Press Freedom
2008-09-16 20:59:00 There are a number of interesting stories in the rounds today.Vodafone have gained the fixed line licence after winning the mobile licence several months ago. No-one seems to be very surprised, and in contrast to the first round only two companies actually bothered to bid against them. The company got the licence for a song too - they only paid QAR 10 million for the fixed licence, as opposed to QAR7.72 billion for the mobile licence.Surprisingly, Qtel do not seem to be too concerned - I hear from a friend that works there that the employees are more concerned with their inter-departmental football matches.Vodaphone, in the meantime, might do best financing their operations by borrowing in riyals. Despite the fall in the value of the dollar, which has been labelled by us as well as others as one of the main causes of rising prices, inflation has continued to grow and now stands at an incredible 16.59 percent. See Arabian Business for the full story.Those thinking of coming to Qatar ...
By: Qatar Visitor
Inflation: The Silent Earnings Killer
2008-08-26 16:07:00 Ask any economist what inflation means and he or she will likely tell you that it’s directly related to the growth of the money supply, also referred to as the “debasement” or devaluation of a given currency. In its earliest forms,…
By: Jutia Group
Inflation-adjusted gains: A good "TIP"
2008-08-26 07:00:00 "The latest annual rate of inflation measured from last July to this July was 5.6%, the largest annual gain since way back in January 1991," observes Alexander Green (http://www.thestockadvisors.co-m/ccount/click.php?id=2303).Her-e, the investment director for the industry-leading The Oxford Club (http://www.thestockadvisors.co-m/ccount/click.php?id=2303) suggests that investors consider the iShares Lehman TIPS Bond Fund (http://www.thestockadvisors.co-m/quote.htm?sym=tip) (ASE: TIP (http://www.thestockadvisors.co-m/quote.htm?sym=tip)), noting, "This is a great way to buy a diversified portfolio of inflation-adjusted Treasuries and track them quite easily.""The latest consumer price index figures were a bit of a shock; the annual rate of inflation measured from last July to this July was 5.6%, the largest annual gain since way back in January 1991."This report was especially noteworthy because it was double what economists were predicting (0.8% actual vs. 0.4% predicted). Despite these ...
Inflation vs. My Budget
2008-08-22 13:47:00 I'll be totally honest here: I haven't tracked my spending in months. Around last November I estimated a bare minimum for monthly spending. I was extra careful to stick to it in the following months. I'd turn down lunch invitations, get creative with meal preparation, watch for sales, and put off big ticket purchases. I got so good at it that I eventually stopped keeping track. That worked for a while because I had developed good habits. Maybe I go over here and there, but basically I was doing good. That was the beginning of a slow drift up. So, once again, I'm going to need to make a conscious effort to get back to sticking to the budget. I already have a template, this should be easy.One problem. Things cost more.My monthly rent has increased. My energy bills are higher this year, and somewhat out of my control (i.e. roommate). I'm noticing that I'm having a hard time getting the same types of food as I used to for $25/week. I used to skate by on free lunches fo...
By: Me vs Debt
Inflation
2008-08-21 15:30:00 Well for anyone (except apparently economists) it really shouldn?t come as a surprise that inflation in Canada is on the rise. The inflation rate in Canada is now sitting at approximately 3.4% versus 3.1% during the same period last year. Although 3.4% is quite manageable for most households it is the largest increase we?ve seen in the last five years. Here are the main culprits behind the rise:-gasoline up 28.6%-natural gas up 25%-food (avg) up 4.3%-bakery products up 13.2%-mortgage costs up 8.3%Note: Although our inflation is rising we are still a full 2 points lower than our U.S neighbours.
Inflation
2008-08-21 15:30:00 Well for anyone (except apparently economists) it really shouldn?t come as a surprise that inflation in Canada is on the rise. The inflation rate in Canada is now sitting at approximately 3.4% versus 3.1% during the same period last year. Although 3.4% is quite manageable for most households it is the largest increase we?ve seen in the last five years. Here are the main culprits behind the rise:-gasoline up 28.6%-natural gas up 25%-food (avg) up 4.3%-bakery products up 13.2%-mortgage costs up 8.3%Note: Although our inflation is rising we are still a full 2 points lower than our U.S neighbours.
Inflation and the Burgeoning Deficit
2008-08-04 15:24:00 -By Thomas E. Brewton How will the Fed handle it? The Wall Street Journal reports (U.S. to Ratchet Up Borrowing, July 31, 2008): With this fiscal year’s budget deficit expected to more than double from the previous year, the U.S. government plans to nearly quadruple its borrowing to $555 billion. The Federal Reserve’s dilemma is that opening the money-supply ...
By: Publius Forum
Indian Inflation Data to be released on Thursdays
2008-07-19 08:07:00 The Inflation data will be released on thursdays at 5 in the evening instead of the usual Friday midnoon. Why this sudden change and what impact will this have on the markets, one wonders. Probably, the Government is against the idea of releasing the inflation numbers during market trading hours since the inflation numbers have caused ...
Inflation Targeting: The Diverse Approach From China-India to US-Japan
2008-07-08 08:21:00 One set happens to be the sufferers, the other set happens to be the drivers of this global monster. 1st of all, market needs to take all the official reports of inflation with a pinch of salt. High reported inflation doesn?t necessarily mean real higher inflation in comparison to officially reported lower inflation figure coming from ...
Inflation goes to 8.75% a big issue
2008-06-13 09:07:00 New Delhi: India's inflation rate rose to 8.75 per cent for the week ended on May 31 from 8.24 per cent the week before, according to official data released here on Friday.The sharp rise in the inflation rate was for the week before the central government announced significant hikes in transport and cooking fuel prices. Analysts now fear the inflation rate may touch double digits, though the government has said it is trying its best to hold the price line.The official data showed an upward trend in prices of both food and non-food items in the week under review. The prices of food items rose 0.6 per cent and of non-food items 1.9 per cent.Within these major categories, mustard oil price showed a sharp rise of 6 per cent, oil cakes and cottonseed oil 3 per cent and groundnut oil 1 per cent. The prices of manufactured products went up 1 per cent. The prices of textiles went up 3.9 per cent and leather and leather products 1.3 per cent.The price of hardly any commodity showed a downwa...
By: India1
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