Postcards From Weimar Germany Justice Litle, Editorial Director, Taipan Publishing Group Monday, September 20, 2010 The Weimar Republic is perhaps the quintessential example of hyperinflation. But the buildup took longer than one might think. Walter Levy is a German-born oil consultant. His father, a German lawyer, took out a life insurance policy in 1903. Every month he had made the payments faithfully," recounts Levy. "It was a twenty-year policy, and when it came due, he cashed it in and bought a single loaf of bread. Such was life in the German Weimar Republic. Things got so bad there for a while, dentists and doctors stopped asking for currency, seeking … [Read more...]
The Long Road to Recovery
By David Galland, Managing Editor, The Casey Report Last week the government released the latest unemployment data. Bloomberg, always ready to roll up their sleeves to help its friends in government (get reelected), was running a headline that “Companies in U.S. Added 67,000 Jobs in August.” While I haven’t had time to go through the minutiae of the report, I find myself scratching my head at Mr. Market’s rather positive reaction to the report, given the bullet points: Manufacturing payrolls declined by 27,000. Employment at service-providers fell by 54,000. Retailers cut 4,900 workers. State and local governments gave walking papers to 10,000 people. The federal government … [Read more...]
How Do I Calculate the Inflation Rate?
The following article explains how to calculate the current inflation rate, if you know the Consumer Price Index. If you don't know it, you can find it here. If you don't care about the mechanics and just want the answer, use our Inflation Calculator. The Formula For Calculating Inflation The formula for calculating the Inflation Rate using the Consumer Price Index is relatively simple. Every month the Bureau of Labor Statistics (BLS) surveys prices and generates the current Consumer Price Index (CPI). Let us assume for the sake of simplicity that the index consists of one item and that one item cost $1.00 in 1984. The BLS published the index in 1984 at 100. If today that same item … [Read more...]
The Smoking Ruin Solution
By David Galland, Managing Director, Casey Research Just last week, it was reported that the turnout for the Democratic primary was the lowest in 80 years. While the Republicans are clearly energized by their concerns about the direction the Democrats are taking the country in, the Democrats themselves seem to have decided to forgo the voting process, perhaps in favor of a refreshing nap. No question about it, the president is in the hot seat. While I am sure that back in 2008 Barack Obama was one happy camper about having taken the presidential prize, today one has to wonder if that victory has led him to certain bitter regrets. His problem, the problem bedeviling the government … [Read more...]
Free Deflation Video
Get a free 20 minute video from Elliottwave on Deflation. Deflation is Everywhere: What it means for you … [Read more...]
Free Candle Stick Guides
If you are a trader and not using candlestick charts, you are missing a lot of profitable trades. So here are a couple of Free Resources to get you started. Free Candlestick Reversal Pattern Guide Basic Candlestick Momentum analysis Report … [Read more...]
Video: Bond Issuers Aiming Toward Debt Man’s Curve
By Jason Lureman Thu, 09 Sep 2010 They say a picture is worth a thousand words, so a chart as startlingly clear as our Debt Man's Curve must be worth 10,000 words. EWI analyst Jason Farkas first created and wrote about this parabola that displays different risk levels of bonds in late July 2010. Specifically, the chart plots sovereign, municipal and corporate issuers on the same spectrum. The resulting sharp curve up makes it easier to see why we think that bond issuers are flirting with a bad crash the same way the driver does in Jan and Dean's hit song from the 1960s, "Dead Man's Curve." More recently, Jason recorded this 10-minute video to take his Currency and Interest Rate … [Read more...]
What is the Economy Usually Doing When Gold Goes Up?
Traditionally when does Gold rise and when does it fall? What economic indicators predict gold prices? In this article Robert Prechter looks at the economy and Gold Prices. ~ editor By EWI President Robert Prechter ...If gold isn’t going up when the economy is contracting, when is it going up? Table 4 (see chart on p. 24 of this free Club EWI report ~ editor) answers the question: All the huge gains in gold have come while the economy was expanding. This is true of the three most dramatic gold gains of the past century: (1) Congress changed the official price of gold from $20.67 to $35 per ounce in 1934, during an economic expansion. The gain against the dollar was 69 … [Read more...]
Deflation is Everywhere: What it means for you
The mainstream media couldn't predict the biggest bear market in 100 years; how do you expect them to anticipate what will unfold next? Watch this quick video clip from financial analyst and sought-after speaker Steven Hochberg about what triggers a deflation, why you should challenge the consensus view for inflation, and how debt is sucking the life out of the economy. Then access the full 20-minute video, FREE. Watch the full presentation, FREE. Click Here! … [Read more...]
Worldwide Economic Recovery Slowing
By Tim McMahon, editor The effects of the Trillion Dollar economic stimulus are wearing off and the "recovery" is looking pale and thin. So it may be time to crank up the printing presses again... According the OECD’s latest Interim Economic Assessment, the world economic recovery may be slowing faster than previously anticipated. Growth in the the seven largest developed countries of France, Germany, Italy, Japan, United Kingdom, United States and Canada is expected to be around 1½ per cent on an annualized basis in the second half of 2010 down from the OECD’s previous estimate of around 1¾ per cent in May. … [Read more...]
