Led by a jump in energy, producer prices rose 0.8% in November — a gain that suggests policymakers may be winning their battle to avoid deflation. It’s the straight monthly rise. However, minus energy and food increases, infla…
Noted economist Gary Shilling just released a new book, The Age of Deleveraging, in which he explains why inflation isn’t what investors should be fearing, but rather deflation. He also recommends 10 investments investors should now make. [Video]
Continue reading Gary Shilling on ‘The Age of Deleveraging’ [Video]
Gary Shilling on ‘The Age of Deleveraging’ [Video] originally appeared on DailyFinance on Fri, 26 Nov 2010 06:00:00.
Filed Under: Economy, Investing, Video, Streetwise
In its latest meeting minutes, the Fed said it now expects the U.S. economy to grow more weakly in both 2010 and 2011, with as many as six years needed to return unemployment to normal levels of 5% to 6%.
Conti…
When the economic gurus at the Fed move the levers of U.S. monetary policy, they do so with two often-conflicting goals in mind: promoting maximum employment and keeping prices stable. Many critics are now arguing that that Fed…
Manufacturing activity in the mid-Atlantic region unexpectedly surged in November. The Philly Fed’s Business Outlook Survey index jumped to 22.5 in November from 1 in October, its highest reading since December 2009.
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