Tag Archives: Economics

Washington Sees Incomes Soar as Most of U.S. Declines

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“American incomes have tumbled over the last decade. But for many people in Washington, D.C., it’s been something of a party.  The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey. During this period, median household incomes for the nation as a whole dropped 6.6% — from $55,030 to $51,371.
The Washington, D.C. metro area — which includes the surrounding suburbs in Maryland, Virginia and West Virginia — has it even better, with a median household income of $88,233 that ranks highest among the U.S.’s 25 most populous metro areas.”

http://blogs.wsj.com/economics/2013/09/19/washington-sees-incomes-soar-as-most-of-u-s-declines/

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The Path to $10,000 an Ounce Gold, Revisited

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“Most traders, obsessed with the tiniest tweaks to the monthly rate of Fed printing, are missing the big picture: Credit growth has outpaced the economy’s productive potential, both here and around the globe. Each successive growth spurt in money and credit has a weaker marginal impact on the real economy; this requires permanently easy monetary policy, and perhaps, eventually, a formal devaluation of paper against gold. In his latest Gloom Boom & Doom Report, Marc Faber argues that the Fed has lost control of the bond market. Treasury note yields have doubled from the summer 2012 lows — a development that surely wasn’t part of the Fed’s stimulus playbook.”

http://dailyresourcehunter.com/the-path-to-10000-an-ounce-gold-revisited/

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Precious Metals True To Form As Markets Wake To Reality

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“As for PMs, the funds and other ‘smart money’ as well as retail investors took the news from the Fed to mean the USD will depreciate against hard assets of all kinds. PM gains of 10-15% were widespread within ninety minutes though most faded toward the close. September 16 nearly all issues gave back significant portions of their gains as the metals indicated that their roller-coaster nature had not gone away. With those postulates in mind, it is useful to look at some of the better companies in the sector to see how they fared the day after the QE go sign flashed. Price action is important in considering what horses you will ride.”

http://seekingalpha.com/article/1704792-precious-metals-true-to-form-as-markets-wake-to-reality

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Minimum Wage Madness

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“Switzerland is one of the few modern nations without a minimum wage law. In 2003, ‘The Economist’ magazine reported: ‘Switzerland’s unemployment neared a five-year high of 3.9 percent in February.’ In February of this year, Switzerland’s unemployment rate was 3.1 percent. A recent issue of ‘The Economist’ showed Switzerland’s unemployment rate as 2.1 percent.  Most Americans today have never seen unemployment rates that low. However, there was a time when there was no federal minimum wage law in the United States. The last time was during the Coolidge administration, when the annual unemployment rate got as low as 1.8 percent.”

http://www.lewrockwell.com/2013/09/thomas-sowell/minimum-wage-madness/

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High Tech Heads for the Farm

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“On the basis of population growth alone, world food demand will increase by over 30%. But in addition to the increase in the number of people on the planet, growing affluence will also have a significant impact on global food demand. Today, there are about 2 billion people worldwide who are considered to be in the middle class; within 20 years, the number is expected to expand to 5 billion, with almost all of the increase coming from emerging markets. As these people enter the middle class, they will be able to afford to consume more food. Furthermore, they will be able to consume—and will demand—higher protein diets, i.e., more meat and dairy products.”

http://www.caseyresearch.com/cdd/high-tech-heads-for-the-farm

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10 investing insights from Street Smarts by Jim Rogers

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“If you were an investor and become a millionaire or even a billionaire by the age of 37, what would you do?  Are you considering kicking your heels up, relaxing in your new mansion while looking ahead to a future of recreation and fun?  Maybe you go the other direction. Resting with riches might be as lifeless as a phone booth.  Perhaps you could create a lifelong journey, over the course of which making the whole world your backyard. You might be inspired to literally ride a motorcycle around the world, observing and learning about the planet earth while doing so. Maybe you’d be inspired to chronicle the journey, turn it into a benchmark for global investing, and then do it all over again.”

http://crownpublishing.com/feature/10-investing-insights-from-street-smarts-by-jim-rogers/

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Africa’s baby-boom: Population to double by 2050

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“By 2050, many African states will likely more than double in population. Kenya will rise from 44 million to 97 million people, and Nigeria from 174 million to 440 million. Some nations will nearly triple their growth, the reports finds. Somalia will have 27 million people in 2050, up from an estimated 10 million today; the Democratic Republic of Congo’s 71 million population is predicted to rise to 182 million. The total number of people on the continent is predicted to rise from 1.1 billion to 2.4 billion. India, currently the second most populous country in the world, will overtake China to become the most populous by 2030.
The US population was estimated to rise from 316 million to 400 million.”

http://www.csmonitor.com/World/Africa/2013/0912/Africa-s-baby-boom-Population-to-double-by-mid-century

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Bernanke Hates This Fed Candidate

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Bernanke Hates This Fed Candidate

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Here’s Why You Think Inflation Is Much Higher Than the Government Says

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“According to the Bureau of Labor Statistics, producer prices for finished goods moved up just 1.4 percent for the 12 months ended in August, the smallest advance since a 0.5-percent rise in April 2013.  According to the BLS release, over the past 12 months, at the producer level:   Fresh and dry vegetables are up 47.1%.   The price of chickens is up 6.2%.   Residential gasoline is up 7.7%.   Soaps and detergents are up 6.6%.   Footwear is up 4.9%.   Processed eggs are up 10.3%.   Milk is up 6.7%.  So if you don’t eat, wear shoes or wash, there is hardly any price inflation.”

http://www.economicpolicyjournal.com/2013/09/heres-why-you-think-price-inflation-is.html

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Surprise, Surprise: Consumers Do Not Believe the Fed’s Inflation Projections

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“Caroline Baum of Bloomberg addresses the question of why consumers have ignored the Fed’s widely ballyhooed inflation target of 2 percent  and the fact that CPI inflation has averaged only 1.5 percent over the past five years.   Her answer is enlightening: ‘Consumers either don’t listen, don’t care or derive their expectations from their own shopping cart. Food and gas comprise a big part of the household budget, and energy prices, at least, have been rising much faster than inflation. Just as consumers vote their pocketbook, they use their pocketbook to make judgments on where inflation is today and where prices are headed.'”

http://bastiat.mises.org/2013/09/surprise-surprise-consumers-do-not-believe-the-feds-inflation-projections/

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