*Turkey has to attract some $225 billion to fund short-term debt. ISTANBUL, Nov 14- Turks are hoarding dollars and shunning their own currency as confidence in it dwindles, undermined by high inflation, a cloudy political outlook and fears of an exodus of foreign investors.» Read More
There is a legendary quote from the movie Top Gun when the commanding officer berates one of his ace pilots with the line: "Son, your ego is writing checks your body can't cash."
Fiat money is a wonderful thing is it not? Truly one of the more useful developments in society since humans first learned to think / speak, that one can put in a day’s work and be rewarded with a piece of paper, which can itself be exchanged for something as marvelous as a punnet of strawberries or a Fender Jazz Bass.
Wall Street is starting to sound a little spooked.
A Dutch bond sale reassures, but investors are looking for havens - it's time for your FX Fix.
Given that title inflation has been with us since the 1980s, in everything from estate agents’ property descriptions to job titles for students in summer jobs frying hamburgers, we should not be surprised that “printing money” in the 21st century is referred to as “quantitative easing”.
As the truth dawns in Greece and other weak euro zone economies that the price for remaining bound to the single currency will be more hardship and sacrifice, a growing number of legal and financial experts — to say nothing of the Greeks themselves — are examining in detail what would happen if Greece abandoned the euro. The NYT reports.
Fair value is a tool used by investors to understand the relationship between the value of futures contracts and the current price of a stock. The term is used in pre-market hours to help forecast the direction of the market.
Central banks' policy of printing money to try and stimulate weak economies is unlikely to result in significantly higher inflation, Rob Carnell, chief international economist at ING, wrote in a market note.
Although inflation is not necessarily a bad thing for a growing economy, there have been numerous historical examples when inflation runs wild, a situation called hyperinflation. CNBC explains
The Swiss central bank's decision to set a limit on how much the Swiss franc can appreciate against the euro is "a huge mistake," investor Jim Rogers, chairman of Rogers Holdings, told CNBC.com on Wednesday.
On August 15th, 1971, the dollar's final gold tether was severed, allowing it to sail away into uncharted seas.
Insight on Fed chief Ben Bernanke's comments on the US economy, and whether the Fed can end inflation, with Mort Zuckerman, New York Daily News; Wayne Angell, fmr. Federal Reserve Governor; Rep. Ron Paul, (R-TX); and CNBC's Steve Liesman, Rick Santelli & Larry Kudlow.
China today once again raised banks’ reserve requirements in an effort to restrain rising prices. This marks the fifth time this year that China has hiked bank reserve requirements.
In countries where politicians or other special interest groups control monetary policy, hyperinflation remains a very real possibility.
Despite mankind's ability to adapt and invent new materials and make use of new resources, humans seem "hopelessly incapable of learning past wisdom and apparently doomed to repeat past follies," according to Dylan Grice, a research analyst at Societe Generale.
If news out of the Middle East doesn't get any worse than it has been, Gartman thinks the market will quickly become inured to the unrest.
What were some of the worst inflation situations in history and how did they come to be? Click to find out!