Inflation: Just Another Form of Government Theft

Karl Denninger explains inflation in rather graphic terms:

Let’s assume a 2% productivity increase per year over 30 years. Let’s also assume a 2% inflation rate over 30 years. This is what it looks like, starting with a baseline of “10,000.”

Your cost of living has gone up by 78% in notional dollar terms . . . → Read More: Inflation: Just Another Form of Government Theft

Energy Stocks on Year-End Clearance Sale: Chen Lin

Attention Shoppers: There are some amazing values currently available at bargain prices in the energy department. That’s pretty much what Chen Lin told us in this exclusive interview with The Energy Report. The current level of risk aversion by most investors has left the doors wide open for those who are willing to . . . → Read More: Energy Stocks on Year-End Clearance Sale: Chen Lin

The rupee: Frequently asked questions

q: How big is the market for the rupee?

The rupee is now a big market. Summing across both spot and derivatives, perhaps $30 billion a day of onshore trading and $40 billion of offshore trading takes place. Both these markets are tightly linked by arbitrage. In other words, for all practical purposes, it’s . . . → Read More: The rupee: Frequently asked questions

Economic Events on December 2, 2011

The Monster Employment Index for November was released today, and the index moved down 4 points from last month to a value of 147, but is 10% higher than last November’s value.

At 8:30 AM EDT, the Employment Situation report for November will be announced, and the consensus for non-farm payrolls is an increase . . . → Read More: Economic Events on December 2, 2011