Bob Summers at Pali Research says we shouldn't put too much stock in the USDA's forecast that food prices will rise at least 3 percent next year.
Nov 30, 2009 10:03 AM
Then try to get through this summary by Bill Bonner of why the Great Recession will turn into something nastier and longer-lasting.
“Take Your Gains,” says Forbes. And once you’re out of stocks, stay out until the bear market is over…probably at around 3,000 – 5,000 on the Dow. When the price of gold equal the price of the Dow, it will be time to switch.
Nov 24, 2009 9:35 AM
Jeff Cornwall says entrepreneurs shouldn't be afraid to implement frequent small price increases. Playing it safe now and trying to catch up later won't work.
There is never a smooth and orderly increase in prices for every business in the economy and small businesses often suffer the most. If you have big suppliers and/or customers they can tie your hands. Your costs go up, but you are unable to pass along these costs with higher prices. One of the added costs we now have to worry about is increased taxes. This is a real cost to entrepreneurs and cannot be ignored as a part of inflationary costs.
Nov 19, 2009 12:29 PM
Dirk van Dijk breaks down the components of interest-rate policy and says the Fed is best off sitting tight for a good bit longer.
While it is true that the implied inflation has been climbing since it almost hit zero last year, it is not at levels that suggest inflation is going to skyrocket. This means that the Fed should be far more concerned about getting the economy moving again. Any move to tighten up monetary policy by raising interest rates would be a serious mistake.Also: If you read to the end of van Dijk's piece, you'll see some thoughts about the price of gold and the idea that — gasp — supply and demand, not a bunch a wily speculators, may actually be driving the commodity's price.
Nov 10, 2009 7:23 AM
Longtime Vanderbilt investment manager Bill Spitz is featured in this Bloomberg story on how some college endowment chiefs are planning to handle a possible inflation surge. The chief investment officer at George Washington sees prices rising faster now than in the nightmare 1970s.
Sep 9, 2009 2:06 PM
Nashville scores well on a list that analyzes the impact of the latest minimum-wage hike, which went into effect this morning. The Music City scores 11th in terms of adjusted cost of living, behind Memphis and Indy but ahead of Charlotte and Austin.
Jul 24, 2009 7:05 AM
An editorial out today from The Economist begins by drawing from a slightly unexpected source. The article, which debates the prospects and looming dangers of deflation and inflation, invokes many notable names, among them Nobel Laureate Paul Krugman and historian Allan Meltzer. But whom do you ask is the first such thinker mentioned? That’s right, its Nashville’s own Merle Hazard.
MERLE HAZARD, an unusually satirical country and western crooner, has captured monetary confusion better than anyone else. “Inflation or deflation,” he warbles, “tell me if you can: will we become Zimbabwe or will we be Japan?”The song in question can be found here.
May 7, 2009 1:10 PM
Author Marc Faber says the United States could be looking at 200 percent inflation.
The government's increased intervention in the economy is likely to slow down economic growth because history shows that every time the private sector shrinks to make way for the government sector, the economy suffers, he said.
Feb 6, 2009 11:36 AM