The conventional view of inflation is that it’s not only low, but dangerously low and in need of aggressive encouragement.
But that view is becoming increasingly hard to defend, given all the things that are soaring in price. Consider:
The conventional view of inflation is that it’s not only low, but dangerously low and in need of aggressive encouragement.
But that view is becoming increasingly hard to defend, given all the things that are soaring in price. Consider:
By Trey Reik – Re-Blogged From Gold Eagle
Maurice Jackson: Welcome to Proven and Probable. I’m your host Maurice Jackson. Joining us for a conversation is Trey Reik, senior portfolio manager with Sprott USA.
We’re delighted to have you here today to discuss the Federal Reserve’s impact on peripheral markets. Mr. Reik, the Fed is in the process of implementing a dual policy of rate hikes and balance sheet reduction, which appear to have a duplicitous effect on peripheral markets. What are your thoughts on this dual policy and what can we expect from Chairman Jerome Powell during his tenure?
Re-Blogged From Stratfor
Highlights
(MIKE DOTTA/Shutterstock)
By Associated Press – Re-Blogged From Newsmax
The Trump administration’s announcement Thursday that it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada drew swift vows of retaliation from key allies, inflamed trade tensions and sent stock markets sinking.
The administration’s move threatens to inflate prices for U.S. consumers and companies and heighten uncertainty for businesses and investors across the globe.
By Thomson Reuters – Re-Blogged From Newsmax
As Europe’s biggest exporter to the United States and with more than 1 million German jobs at stake, Germany is desperate to avoid a European Union trade war with the United States.
In the run-up to a June 1 deadline for U.S. President Donald Trump to impose steel and aluminum tariffs on the EU, Berlin is urging its European partners to show some flexibility and pursue a broad trade deal that benefits both sides.
By Thomson Reuters – Re-Blogged From Newsmax
China has increased tariffs by up to 25 percent on 128 U.S. products, from frozen pork and wine to certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminum and steel.
The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential tariffs on up to $3 billion in U.S. goods published by China on March 23.
Re-Blogged From Stratfor
Highlights
(MANDEL NGAN/AFP/Getty Images)
Re-Blogged From Newsmax
The Trump administration has chosen an odd time to offer special protection to the U.S. steel industry.
As President Donald Trump prepares to impose a 25 percent tax on imported steel, America’s steelmakers are actually faring pretty well: The U.S. steel industry last year earned more than $2.8 billion, up from $714 million in 2016 and a loss in 2015, according to the Commerce Department. And the industry added more than 8,000 jobs between January 2017 and January 2018.
Even before Trump mentioned the tariff last Thursday, the price of the benchmark U.S.-made hot-rolled steel had reached the highest level since May 2011, according to S&P Global Platts. The price surged even higher on the tariff news.
The accidental discovery of a novel aluminium alloy that reacts with water in a highly unusual way may be the first step to reviving the struggling hydrogen economy. It could offer a convenient and portable source of hydrogen for fuel cells and other applications, potentially transforming the energy market and providing an alternative to batteries and liquid fuels.
“The important aspect of the approach is that it lets you make very compact systems,” says Anthony Kucernak, who studies fuel cells at Imperial College London and wasn’t involved with the research. “That would be very useful for systems which need to be very light or operate for long periods on hydrogen, where the use of hydrogen stored in a cylinder is prohibitive.”
Tomohiro Ohsumi/Getty
By Rachel Clun – Re-Blogged From The Sydney Morning Herald
Gladstone’s Boyne Island aluminium smelter is set to shed jobs and cut $100 million-worth of production because of soaring Queensland power prices.
Boyne Smelters Ltd general manager Joe Rea said it was the second time in three years the facility had cut production due to “uncompetitive electricity prices”.