Inflation & Devaluation

This Chart Is a True Picture of What’s Dragging on the American Economy

by Wolf Richter • Aug 20, 2014 • 11 Comments

Over the long run (which is now), the math of that distortion just doesn’t work out.

Gallup Slams Lid On Hopes For US Economy

by Wolf Richter • Jul 11, 2014 • 6 Comments

Consumers are “straining against rising prices on daily essentials” and are cutting back on things they want to buy.

How The US Government Deliberately Understates Inflation

by Wolf Richter • Jul 3, 2014 • Comments Off on How The US Government Deliberately Understates Inflation

Since rents aren’t fully reflected in the Consumer Price Index, we’re behind the curve. And the Fed, which relies on the PCE index, “won’t even see the curve,” says Lee Adler in this must-see video (and chart) that raised my blood pressure.

Airbus CEO Calls For Currency War, Shoots Himself in Foot

by Wolf Richter • May 20, 2014 • Comments Off on Airbus CEO Calls For Currency War, Shoots Himself in Foot

Boeing got more orders in the first quarter than archrival Airbus. So at the ILA Berlin Air Show, Airbus CEO Fabrice Brégier spoke up against this ridiculous injustice. True to his Frenchness, he exhorted the ECB to do what central banks are supposed to do.

The “Low-flation” Myth: Inflation That Is Seen And Not Seen

by David Stockman • May 1, 2014 • Comments Off on The “Low-flation” Myth: Inflation That Is Seen And Not Seen

New car prices are a good introduction to the world of inflation seen and not seen.

LEAKED: Draghi’s Sudden Switcheroo On QE

by Wolf Richter • Apr 28, 2014 • Comments Off on LEAKED: Draghi’s Sudden Switcheroo On QE

It happened at a private meeting with top lawmakers in Germany during a two-day shindig.

The Very Brief Phenomenon Of The Gold Standard

by Contributor • Apr 22, 2014 • Comments Off on The Very Brief Phenomenon Of The Gold Standard

By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.

Draghi’s Bold Push For Creeping Defaults And Real Wage Cuts

by Wolf Richter • Apr 21, 2014 • Comments Off on Draghi’s Bold Push For Creeping Defaults And Real Wage Cuts

There is nothing like a wealthy central bank chief admitting that he wants to, one, help governments default gradually on their debts; and two, cut the real wages of workers. An honesty the Fed never dared to exhibit when it inflicted waves of QE on American workers.

Coffee – The Craziest Chart Of The Year Already

by Wolf Richter • Mar 12, 2014 • Comments Off on Coffee – The Craziest Chart Of The Year Already

I’m a coffee lover, and this is getting personal: our latte, espresso, or just plain good coffee is going to bite fiercely into our already mauled pocket book. In one crazy chart.