inflation
Are Obama’s policies burying the US economy?
Gerard Jackson Monday 28 March 2011
When Obama ran for president I warned that the man is a dogmatic leftist and Americans — those with any sense, that is — would rue the day he sat in the Oval Office. Since then I, along with many others, also pointed out that if unchecked his policies would result in economic stagnation and inflation. Well, this now seems to be the case. Read the rest of this entry »
Will Japan’s disaster deepen the US recession?
Gerard Jackson Monday 28 March 2011
Japan’s tragedy has led some economic commentators to ponder the possibility that she might try to fund a recovery by selling masses of US treasuries which would raise interest rates and therefore deepen the depression. The thinking behind this view is based on the assumption that in buying huge amounts of treasuries Japan — and China — helped drive down interest rates by raising bond prices. Read the rest of this entry »
Bernanke’s inflationary binge could spark a currency war and ruin the dollar
Gerard Jackson Monday 8 November
Bernanke’s monetary shenanigans are building up a host of problems, domestic and international. In the next 8 months or so he plans to pump nearly $900 million dollars into the US economy with the intention of lowering interest rates to the point where business borrowing and consumer spending will be sufficiently stimulated to trigger a recovery. (If only it were that simple.)
Posted in Bernanke, dollar, Gerard Jackson, inflation, monetary policy, Money Supply, Recession, US economy, US unemployment
The failure of Roosevelt’s New Deal proves why Obamanomics cannot work
Gerard Jackson Monday 8 November 2010
Americans are still regaled with tales that Obama’s spending binge and massive deficits are vital to an economic recovery. As evidence many of his supporters are citing Roosevelt’s New Deal as proof that deficits work. In fact, the New Deal was an economic disaster that kept the US in depression until WW II restored full employment.
Bernanke’s snake oil and Obama’s leftism will be the undoing of America
Gerard Jackson Monday 1 November 2010
What is truly remarkableis that any Democrats at all will survive the mid-term elections given that there probably has never been a more incompetent and dogmatic administration than Obama’s White House carnival. What passes for economic policy is a complete shambles, and Bernanke’s crude Keynesianism is only aggravating the country’s pain.
Are we facing an inflationary surge and higher rates?
Gerard Jackson Monday 1 November 2010
When the CPI for the third quarter came in at 0.7 per cent many opined that this means that the Reserve would hold the line on rates. However, others argued that the 1.3 per cent rise in the producer price index indicated inflationary pressure was emerging and that this would force the Reserve to raise rates. So what is the real situation?
Deflation is not the enemy — bad economics is
Gerard Jackson Monday 1 November 2010
According to Alan Blinder “the present danger is not inflation but deflation”. His pal Bernanke has driven the Fed’s funds rate down to zero while giving the US economy an unprecedented increase in its monetary base. Not satisfied with that he is now apparently preparing an astonishing $2 trillion monetary expansion — and Blinder worries about deflation!
How the rising dollar could hollow out the Australian economy
Gerard Jackson Monday 18 October 2010
The Australian dollar’s parity with the US dollar is causing considerable concern. Andrew Robb, Liberal Party shadow treasurer, is arguing that the rising dollar could hollow out the economy. (Dollar’s rise makes mini-budget essential, Andrew Robb, The Australian 15 October 2010).