Wondering Which States Americans Hate to Live In? Ask U-Haul

By Leon Lunsky – Re-Blogged From iPatriot

Americans are dynamic people.  World statistics on the number of cars per capita show that America is in first place among the “big” countries and in third place among all countries, behind the dwarfs of San Marino and Monaco.

Where do Americans drive other than to work, shopping, and perhaps to school?  Americans move, and move quite often.  They relocate to neighboring cities and distant states.  By and large, the U.S. looks like a big monolithic country.  In fact, the U.S. is a federal republic of independent states, each with many laws, many customs, and a unique political climate.

Does the changing political climate affect population migration between states?  Of course, it does, but how?  What if we were to express the movement of intra-American migration, not in words, but in the language of numbers?  A convenient measure of internal migration could be the U-Haul Index. Continue reading

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Consumer Prices Soar as Core Inflation Posts Largest Gain in Year

By Thomson/Reuters – Re-Blogged From Newsmax

U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations that price pressures will accelerate this year and prompt a faster pace of interest rate increases from the Federal Reserve.

The fairly strong inflation report from the Labor Department on Wednesday could put more pressure on U.S. financial markets, which were spooked by a surge in annual wage growth in January. Inflation concerns sparked a sell-off on Wall Street and boosted benchmark U.S. Treasury yields to a four-year high.

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Resurgent US Oil Industry

By Rick Mills – Re-Blogged From http://www.Silver-Phoenix500.com

Crude oil prices dropped from $110 a barrel in the summer of 2014 to about $30 in January 2016. The effect on oil producers and oil-producing countries was dramatic. The Russian ruble plunged, and the Canadian dollar slipped to below 70 cents US for the first time since 2003, kicking the country into recession and snuffing out the oil boom in Alberta. Many foreign companies operating in the high-cost Canadian oil sands pulled up stakes.

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Natural Gas in US Soars 60-Fold Amid Icy Squeeze in Northeast

By Bloomberg – Re-Blogged From Newsmax

Natural gas surged to 60 times the going rate as howling blizzard conditions stoked demand for the furnace fuel across the U.S. Northeast.

Spot prices for the fuel used to heat homes and generate power recently reached a record $175 per million British thermal units in New York, according to Consolidated Edison Inc. That’s a far cry from the $2.93 that U.S. gas futures have been averaging on the New York Mercantile Exchange this winter.

Image: Natural Gas in US Soars 60-Fold Amid Icy Squeeze in Northeast

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Inflation Roars as Producer Prices Jump Most in 6 Years

By Thomson Reuters – Re-Blogged From Newsmax

U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years.

The fairly strong report from the Labor Department on Tuesday suggested a broad acceleration in wholesale price pressures, which could assuage concerns among some Federal Reserve officials over persistently low inflation.

“This demand-led price push from higher commodity prices is a classic early warning signal that consumer goods will also see increasing inflationary pressures,” said Chris Rupkey, chief economist at MUFG in New York. Continue reading

Precious Metals Bears’ Fear Of Fridays

By Dimitri Speck – Re-Blogged From http://www.Silver-Phoenix500.com

In the last issue of Seasonal Insights I have shown that the gold price behaves quite peculiarly in the course of the trading week. On average, prices rise almost exclusively on Friday. It is as though investors in this market were mired in deep sleep for most of the week.

Upon this I received a plethora of inquiries from readers regarding the corresponding moves in silver. Thus I examine the behavior of the silver market on individual days of the week in this issue of Seasonal Insights.

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Inflation Poised to Roar as Producer Prices Rise More Than Expected

By Thomson Reuters – Re-Blogged From Newsmax

U.S. producer prices rose more than expected in October, driven by a surge in the cost of services, and there were also signs of steady increases in underlying wholesale inflation.

The Labor Department on Tuesday said its producer price index for final demand increased 0.4 percent last month after a similar gain in September. In the 12 months through October, the PPI jumped 2.8 percent, which was the largest increase since February 2012. The PPI rose 2.6 percent year-on-year in September.

Image: Inflation Poised to Roar as Producer Prices Rise More Than Expected
(DreamsTime)