Implications of a Bad Monsoon for Monetary Policy

The progress of the 2009 monsoon seems to be 29% below normal. This may be adversely affecting food prices. In the latest available data, inflation based on CPI-IW has surged back to values near 10%. (This is the three-month moving average of the rate of change of seasonally adjusted CPI-IW).

Ila Patnaik has an . . . → Read More: Implications of a Bad Monsoon for Monetary Policy

The Case For A Rise In The FRN Dollar

In America, a land of plenty, the economy is in the gutter, incontinent government spending is coupled with out of control budget deficits resulting in ballooning debt, bankrupt States, skyrocketing unemployment with benefits ending is compounded with manic-depressive politics while commercial real estate is imploding, earnings of publicly traded companies are cratering, the remaining liquidity in . . . → Read More: The Case For A Rise In The FRN Dollar