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Posts Tagged ‘Inflation’

BECKLEY— Something I’ve been concerned about and have expected China to do eventually (although not quite this early) is to de-peg their currency, the yuan, from the dollar.  What do I read upon first opening CNBC.com today?

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ATLANTA— Bond vigilantes forced long-term interest rates higher on inflation expectations during the early 1990′s, derailing many of Bill Clinton’s big spending initiatives and causing him to redirect his focus to reducing the federal deficit during the waning years of his presidency.  I have long wondered if the same could happen to Barack Obama.  I believe his [...]

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ATLANTA— The Dow Jones Industrial Average (DJIA) eclipsed 10,000 yesterday, a new milestone that for many shows the economy is well on its way to recovery. In fact, some might even be suggesting the Obama stimulus package has worked! But man, do we still have a long way to go, in my mind.

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ATLANTA— Gold prices have reached new highs in U.S. dollar terms this week, and there are signs the gains may keep going.   Gold might push up to $1,500 per troy ounce and beyond, some say.  So the question now is, is this a bubble- or a proxy for the coming Obamaflation?

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ATLANTA— The above graphs, printed along with an interesting column by Martin Wolf in the Financial Times, present a fascinating comparison of the trajectory of the current economic recession over against that of the Great Depression.  What distinguishes this recession and the Great Depression from all others over the last century is their pervasive, global nature. The correlation [...]

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ATLANTA— Alright, it’s been a handful of months now and I have watched Barack Obama enough to put my thoughts out here for all my readers to see.  Go ahead and favorite this page and reference it in three-and-a-half years, when Barack Obama gets bested by his as-yet unknown competitor for the presidency. This guy [...]

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ATLANTA— As we have been saying on the American Missive for weeks, the economic recovery is already beginning – and without the help of the stimulus package.  I believe it is time for Congress to reconvene on the matter of the stimulus and pass legislation to curtail or repeal it in order to give room [...]

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