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In today’s Outside the Box, Gary D. Halbert (my old and very dear friend and former business partner of many years) reminds us about a few significant facts concerning the Consumer Price Index (CPI) that mainstream economists and the media tend to ignore. The central question is whether the CPI...
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Argentina: A Lesson in Chaos Argentina on Sale Why Don't You Just Stop? Can the US Experience Argentinean Inflation? Webinar The Andes, Sonoma, Manila, and Singapore When I was younger, so much younger than today, I never needed anybody's help in any way. But now these days are gone, I'm...
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5.5% Unemployment Is Acceptable We Live in Uncertain Times With Apologies to Drunken Sailors What If They Gave a QE Party and No One Came? The Magnitude of the Mess We’re In Atlanta, New York, Orlando, and South America There is an intense debate going on in the first-class cabin of Economics Airlines...
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US Unemployment Turns Back South A Synchronized Global Slowdown Why Would You Buy a Bond with Negative Interest? First Deflation, Then Inflation New York, Madrid, Tuscany, and Singapore A New Adventure And Bad Dad One of the more frequent questions I am asked in meetings or after a speech is whether...
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It was Gary Shilling – way back in the last century – who first woke me up to the real whys and wherefores of deflation, with his 1998 best-seller, Deflation: Why it's coming, whether it's good or bad, and how it will affect your investments, business, and personal affairs. I had...
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Is It Time to Buy a House? Time to Get Outraged by the Banks We Need a Mulligan A Congressional Investigation Is Needed How We Get Out of This 20 Policies to Implement to Create Jobs Tuscany, Kiev, Geneva, and London This week we look at data from the Bank of International Settlements, by which (if someone...
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In This Issue: What the CBO Assumes Scylla and Charybdis – The Federal Reserve and the FDIC La Jolla, Toronto, and Cleveland Albert Einstein is famously quoted as saying, “Compound interest is the eighth wonder of the world.” And compounding is indeed the topic of this week’s...
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In This Issue: The Cure for High Prices Let’s Rewind the Inflation Tape A Shocking Development Another Important European Election Home Again, a “Sports” Injury, and My Conference Today we once again think about the inflation/deflation debate, turn our eyes to Europe and the very interesting...
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In This Issue: The Curve in the Road Capacity Utilization Is Rising Inflation Expectations The Transmission Mechanism Portland, New York, and Home for a Few Weeks TWO roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could...
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In This Issue: New York Times Bestseller The End of QE2? Producer Prices Up 35-40% in the Last Six Months What Happens When We Come to the End of QE2? London, Malta, Milan, Zurich, Salt Lake, and New York What happens when the Fed is finished with QE2? I have been letting that filter into my thinking...
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In This Issue: Inflation and Hyperinflation A Dose of Inflation The Characteristics of Hyperinflations The Problems of Inflation Hyperinflation in the United States? Europe, New York, La Jolla, Korea, and Recent Media Links Bankruptcies of governments have, on the whole, done less harm to mankind than...
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How Did We Do on 2010? Russia and the Roots of World Inflation The US Will More than Muddle Through December Unemployment Better than Headline A Very Fluid Economy Cabo, LA, Winnipeg, Meet Me in Vegas, and Thailand It is time once again to throw caution and wisdom to the wind and actually make my 11...
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The Sputtering Economy Old and Outmoded We Have Deflation Exactly Where? O Deflation, Where is Thy Sting? Mexico, High Noon, and Thanksgiving The CPI was out this week, and it showed a continued drop in inflation. There were those who immediately pointed out that this vindicated the Fed's move to...
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Teachers Don't Count? The Rise of the Temporary Worker The Ride of the Keynesian Cowboys Let Us Count the Unintended Consequences Barefoot Ranch, New York, and the Rangers To ease or not to ease? That is the question we will take up this week. And if we do get another round of quantitative easing...
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Pushing on a String Let's Shift the Focus An Invitation to an Inflation Party Ten Years and Counting This week the Fed altered their end-of-meeting statement by just a few words, but those words have a lot of meaning. It seems they are paving the way to a new round of quantitative easing (QE2), if...