Daily Digest

Daily Digest 3/5 - Inimical Inflation, Fighting Inflation With Mutual Funds, No Good Outcomes After Oil Shock

Saturday, March 5, 2011, 11:42 AM
  • The Inimical Inflation Kind
  • Coin Dealers, Other Businesses Anxious For Resolution Of New Form 1099 Rules
  • Fighting Inflation With Mutual Funds
  • Mervyn King interview: We prevented a Great Depression... but people have the right to be angry
  • There Are No Good Outcomes
  • The Chasm Between Consumers and the Fed

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Economy

The Inimical Inflation Kind (Ilene)

Not only are there different definitions of inflation to consider when pondering the subject, but there's also good inflation and bad inflation. We have bad inflation.

Coin Dealers, Other Businesses Anxious For Resolution Of New Form 1099 Rules (Don S.)

Coin dealers and other types of businesses are anxious for the U.S. Congress to repeal controversial new Form 1099 reporting requirements sooner rather than later, so they know whether to start preparing for the increased record-keeping costs they otherwise would incur next year.

Fighting Inflation With Mutual Funds (guardia)

Inflation-fighting funds have been around for a while, but recently, there's been a second boom driven both by fund companies and investors. At least seven new funds have hit the market with the specific aim of hedging against inflation, including new offerings from Fidelity, Eaton Vance and JPMorgan, according to Morningstar. So great is the demand that even traditional growth shop Janus Funds is planning to launch its first-ever inflation-protected fund, the Real Return Allocation fund, as part of its expansion into fixed income. And these inflation-fighters come in many flavors and strategies, from so-called real return funds to inflation-protected bond funds and bank-loan funds.

Mervyn King interview: We prevented a Great Depression... but people have the right to be angry (johan v.)

The Governor of the Bank of England is sitting in his large and elegant office, leaning forward in an austere upright chair that he says is better for his back. All around him are the trappings of his venerable institution. A butler in the Bank’s famous pink coat comes in with a silver coffee pot. But the small, round, soft-spoken man in the chair is not a City grandee, but a teacher, a preacher, an intellectual.

There Are No Good Outcomes (jim q.)

The political class and their mouthpieces in the corporate controlled mainstream media are desperately trying to spin the oil price surge as a temporary inconvenience that will not derail their phony recovery story. Brent crude closed at $116 per barrel yesterday. West Texas crude closed at $104 per barrel. Unleaded gas has risen by 22% in the last month and 60% since September 1, 2010. I’m sure this slight increase hasn’t impacted Ben Bernanke or Lloyd Blankfein. Their limo drivers just charge it to their unlimited expense accounts.

The Chasm Between Consumers and the Fed (jdargis)

Testifying in Congress this week, Ben S. Bernanke, the Fed chairman, tried to be reassuring. “The most likely outcome is that the recent rise in commodity prices will lead to, at most, a temporary and relatively modest increase in U.S. consumer price inflation,” he said.

Yet inflation anxiety is rising.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

7 Comments

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
A historic moment in the

A historic moment in the Arab world

http://english.aljazeera.net/indepth/opinion/2011/03/20113341535651130.html

Montana Native's picture
Montana Native
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Joined: Mar 17 2009
Posts: 166
Mainstream Article

New York Times article on Silver Conspiracy

http://opinionator.blogs.nytimes.com/2011/03/02/a-conspiracy-with-a-silver-lining/

UselessEater's picture
UselessEater
Status: Bronze Member (Offline)
Joined: Aug 23 2009
Posts: 42
plato1965's picture
plato1965
Status: Platinum Member (Offline)
Joined: Feb 18 2009
Posts: 615
Oil prices: Urgent steps

Oil prices: Urgent steps needed to wean UK onto other energy sources, MPs say

As Middle East conflicts cause oil prices to rise dramatically, government spells out plans for radical energy shift

 

 http://www.guardian.co.uk/business/2011/mar/05/oil-uk-energy-sources

 

 Peak oil, the predicament that dare not speak it's name - appears (as predicted) to be going mainstream... at least in the UK quality press.. (Telegraph,Guardian,Independent)

 this yesterday in the Telegraph.

 http://blogs.telegraph.co.uk/finance/jeremywarner/100009694/oil-price-shock-you-aint-seen-nothing-yet/

 

 I'm also really impressed by the comments underneath the articles.. it's as if a majority are CM.com regulars.. both in energy and finance.. maybe that's shifted the journalists into recognising the zeitgeist..

 Even the 3rd E is getting coverage..

 

 http://www.telegraph.co.uk/finance/comment/liamhalligan/8363500/Gloomy-Malthus-provides-food-for-thought-as-worlds-appetite-builds.html

 

 

 

God bless the truth that fights toward the sun,
They roll the lies over it and think that it is done.
It moves through the ground and reaches for the air,
And after a while it is growing everywhere,

 

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
(No subject)

earthwise's picture
earthwise
Status: Platinum Member (Offline)
Joined: Aug 10 2009
Posts: 848
 Although the post "No

 

Although the post "No Good Outcomes" in today's Daily Digest is preaching to the choir 'round here and therefore maybe somewhat redundant, it was worth the time to read as it encapsulates very well and updates the petro-predicament we will shortly find ourselves in. I plan on e-mailing it to some folks who show some openess to ideas contrary to the 'normalcy bias'.

Jim Quinn is high on my list of favorite writers these days; always interesting.

P.S. The link to the article above is to Financialsense.com. On the home page is a video on Peak Oil given by none other than Erik Townsend. I sure miss him around here.

sofistek's picture
sofistek
Status: Platinum Member (Offline)
Joined: Oct 2 2008
Posts: 818
Carbon plan should mean no carbon

The UK won't get off the oil hook by promoting an electric car infrastructure. They are still a very long way from "getting it" and understanding our predicament.

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