The government now has another measure which under-reports inflation by accounting chicanery...
The Real History of the American Strategy for Iraq and the Middle East
It wasn’t an edgy blogger but the Office of the Comptroller of the Currency that issued the warning.
I was reminded of this by this story from Salt Lake City, which tells of an officer that was looking for a lost child. For reasons wholly unclear to me, in conducting a house-to-house search, this "peace" officer shot and killed a dog.
I heard it said one day that I would never be as rich as my parents. They were baby-boomers, the people that benefited from the expansionary Thirty Glorious Years of the post-Second-World-War period.
The central banks need to downplay inflation, under-report it to justify their policies of the last five years...
Weak GDP growth with major currency devaluation? This is called stagflation. And it’s causing the Bank of Japan some doubt.
What is really going on in Iraq?
The annual human trafficking report has just been published by the US State Department in the Trafficking in Persons (TiP) report.
When all the dust settles, Palo Alto is definitely going to look a lot more modern than it did when I first moved here. All I can say, though, is that when the current bubble finally bursts, whether it's next month or next decade, there are going to be an awfully lot of expensive, empty, class A office buildings situated around town, holding nothing but the memories of ping-pong games past.
An overview of the chess game being played out in Europe.
Christine Lagarde of the International Monetary Fund has told the European Central Bank that they need to consider Quantitative Easing if inflation continues to remain low, which it will. She stated: “If inflation was to remain stubbornly low, then we would certainly hope that the ECB would take quantitative easing measures by way of purchasing of sovereign bonds”.
Energy security is not synonymous with energy independence.