Inflation Is The One Promise Central Banks Can Deliver Ep 76

Published: April 22, 2015, 1:15 p.m.

b'
\\n\\t* Markets have been volatile but economic data still looking bad
\\n\\t* Chicago Fed National Activity Index: contrary to expectations, came in at -.42 in addition a downward correction for last week to a 2-year low
\\n\\t* Weekly Redbook Same Store Sales Survey down to lowest annual increase in 4 years with a dramatic rate of decline in recent months
\\n\\t* Implausible excuses, such as the weather or the timing of Easter, attempt to mask the fact that the economy is just weak
\\n\\t* Oil prices moved above $57, forming a sizable W-bottom
\\n\\t* Canadian dollar up about 5%
\\n\\t* Canadian inflation, especially food prices up
\\n\\t* This signals the end of rate-cutting cycle in Canada
\\n\\t* Central banks around the world are going to have to dial back on their cheap money policies
\\n\\t* The "Threat of Deflation" will be in the rear view mirror
\\n\\t* Central banks may like high prices, but consumers don\'t
\\n\\t* President of the Federal Reserve Bank of Boston Eric Rosengren stated our 2% inflation goal is "too low"
\\n\\t* He thinks higher inflation allows for more growth, and allows interest rates to remain low
\\n\\t* Cheap money does not create economic growth and doesn\'t create employment - it undermines both
\\n\\t* Cheap money applied to a slower economy creates a vicious cycle
\\n\\t* A weakening dollar will put upward pressure on already rising consumer prices
\\n\\t* The Fed is hinting at a higher inflation goal
\\n\\t* The problem is we can\'t do anything about our inflation because our debt is out of control
\\n\\t* Fiscally solvent countries are able to raise rates and still service their debt
\\n\\t* All the U.S. can do is "talk tough"
\\n\\t* If they had a "Hall of Economists" in Disneyland, the Keynesians would have to be in Fantasyland
\\n\\t* Paul Krugman\'s Keynesian experiment is blowing up the U.S. economy
\\n\\t* Everybody will figure it out before Paul Krugman does
\\n\\nOur Sponsors:\\n* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/ \\n\\nPrivacy & Opt-Out: https://redcircle.com/privacy'