Latest Deflation Stories
GAINESVILLE, Ga., Oct. 29 /PRNewswire/ --Wiley is publishing the second edition of Robert Prechter's Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression (ISBN: 978-0-470-56797-5, $29.95). It will be available in bookstores on November 9, 2009.
Japan's August consumer prices, hit by falling wages and rising unemployment, fell a record 2.4 percent year-on-year, the government said. The decline in the core consumer price index, which does not include fresh food prices, renewed concerns about deflation at a time when the world's second largest economy has just emerged from its worst post-war recession. The August number, the sixth straight monthly decline, matched the average market forecast in a Kyodo News survey, the news agency...
Consumer prices rose 0.4 percent in August, compared with July, slightly faster than expected, the U.S. Department of Commerce reported Wednesday. Prices fell from 12 months ago, down 1.5 percent from August 2008, the department said.
U.S. markets shook off a recent trend of morning losses and advanced early Wednesday, with inflation data in line with expectations. The U.S. Department of Labor said consumer prices rose 0.4 percent in August, in line with the consensus forecast.
Pro-labor policies pushed by President Herbert Hoover after the stock market crash of 1929 accounted for close to two-thirds of the drop in the nation's gross domestic product over the two years that followed, causing what might otherwise have been a bad recession to slip into the Great Depression, a UCLA economist concludes in a new study.
Consumer prices in Canada fell 0.9 percent in July on an annual basis, the second consecutive monthly decline, Statistics Canada reported Wednesday. The decrease was due primarily to a 12-month decline of 23.4 percent in prices for energy products, particularly gasoline, the agency said. On the heels of a 0.3 percent overall decrease in June, prices fell in three of the eight major sectors: transportation, which includes gasoline, shelter and clothing/footwear, the report said.
The Producer Price Index for finished goods in the United States fell nearly 1 percent in July, the Bureau of Labor Statistics reported Tuesday. The 0.9 percent drop in prices follows gains of 1.8 percent in June and 0.2 percent in May, the bureau said. Core prices, which exclude energy and food items, shrank 0.1 percent after rising 0.5 percent in June.
Japan's gross domestic product grew almost as much as expected in the second quarter, government figures released Monday showed. Economists had predicted the GDP would grow 1 percent.
Canada's central bank announced in Ottawa Tuesday it was maintaining its one-quarter percent interest rate, and would leave it there until June 2010. The Bank of Canada's monthly report said international economic recovery was taking place, but some factors slowed Canada's rebound. There are now increasing signs that economic activity has begun to expand in many countries in response to monetary and fiscal policy stimulus and measures to stabilize the global financial system, the bank said.
LOS ANGELES, July 20 /PRNewswire/ -- In the current global financial crisis, several "shoes" have already dropped -- there's the subprime mortgage fiasco, the derivatives debacle, the bank failures - and the hope is that the worst is over and business as usual will resume.
- A member of the swell-mob; a genteelly clad pickpocket. Sometimes mobsman.