U.S. Dollar Collapse Could Occur At Any Time - By National Inflation Association (14/3/11) PDF Print E-mail
National Inflation Association   
Monday, 14 March 2011 10:08

China this morning reported 4.9% price inflation for the month of February, exceeding analyst expectations of 4.8%. With China now mimicking the U.S. Bureau of Labor Statistics and taking steps to artificially manipulate their consumer price index (CPI) numbers as low as possible, it is likely that real price inflation in China is now closer to 10%. China was at least smart enough to raise interest rates last month by 25 basis points to 6.06%, while the Federal Reserve continues to leave interest rates near zero with there being absolutely no talk of the Federal Reserve ever raising interest rates again. China will be successful at containing inflation, as U.S. inflation spirals out of control and becomes the greatest economic crisis in American history.
 
China this week reported a $7.3 billion trade deficit for the month of February, its largest trade deficit in seven years, which surprised many global economists. NIA believes China's trade deficit is temporary and that China will quickly return to having a trade surplus. The Federal Reserve's QE2 along with China's destructive monetary policies, which artificially devalue the yuan, have led to a massive rise in China's raw material costs this year. NIA believes that in the upcoming months, Chinese manufacturers will raise the prices of their products that get exported to the U.S., to counteract rising commodity prices. With most products used by Americans today having been manufactured in China, this will mean Americans will soon see massive price inflation in just about all consumer goods they use. NIA projects that by the end of 2011, we will begin to see the U.S. CPI increase by 4.9% or higher on a year-over-year basis, with real U.S. price inflation rising north of 10%.
 



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Pimco’s Gross Eliminates Government Debt From Total Return Fund - By Susanne Walker (11/3/11) PDF Print E-mail
Susanne Walker   
Friday, 11 March 2011 08:42

Bloomberg

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the U.S. projected record budget deficits.

Pimco’s $237 billion Total Return Fund last held zero government-related debt in January 2009. Gross had cut the holdings to 12 percent of assets in January, according to the Newport Beach, California-based company’s website. The fund’s net cash-and-equivalent position surged from 5 percent to 23 percent in February, the highest since May 2008.

Yields on Treasuries may be too low to sustain demand for U.S. government debt as the Federal Reserve approaches the end of its second round of quantitative easing, Gross wrote in a monthly investment outlook posted on Pimco’s website on March 2. Gross mentioned that Pimco may be a buyer of Treasuries if yields rise to attractive levels.

Treasury yields are about 150 basis points too low when viewed on a historical context and when compared with expected nominal gross domestic product growth of 5 percent, he wrote in the commentary. The Fed is scheduled to complete purchases of $600 billion of Treasuries in June.



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UK Interest Rate Forecast 2011, Paralysed Bank Of England Still Fears Financial Armageddon - By Nadeem Walayat (11/3/11) PDF Print E-mail
Nadeem Walayat   
Thursday, 10 March 2011 20:29

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The 2008 Crash Isn’t Over, Only Covered Up - By Commentary: Reaganomics Driving Us Into Phase 2 Of Meltdown - By Paul B. Farrell (11/3/11) PDF Print E-mail
Paul B. Farrell   
Thursday, 10 March 2011 20:25

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The Death Of Treasury Bonds - By Bill Bonner (10/3/11) PDF Print E-mail
Bill Bonner   
Thursday, 10 March 2011 15:08

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