Inflation News

Springfield - After Federal Reserve Chairman Ben Bernanke delivered his testimony to the Congressional Joint Economic Committee on Wednesday, retired Texas Republican Congressman Ron Paul issued a statement accusing Bernanke of misleading Americans over inflation.

Buenos Aires - Hernán Lorenzino, Minister of Economy in the government of Cristina Fernández, interrupted an interview with Greek Skai TV after he couldn’t come up with a coherent explanation about inflation in Argentina.

Buenos Aires - Over fears of the astronomical 26 percent inflation rate could hurt their wealth, savers in Argentina are turning to gold as a safe haven. It has been reported that Argentines are buying more gold than ever before.

Initially, the stock market interprets inflation as a positive, as price increases on goods sold fall to the bottom line. Subsequently, rising costs wipes out all benefits of inflation to companies.

New Delhi - Many Indian shopkeepers, traders, and truck drivers will join with trade union members in a general strike after the government announced reforms intended to revive India's slowing economy

The knowledge that short-term markets are driven first by news headlines and central bank policies rather than primarily macro and macroeconomic data forces a perverse reaction onto the market in this unfamiliar climate we find our capital in.

Oak Brook - In a surprise among all of the corporations reporting their second quarter figures, the world's largest hamburger chain McDonald's saw its net income fall by approximately four percent with much of the blame falling on foreign exchange rates.

In a eye-opening round table discussion on CNBC's The Kudlow Report, every financial analyst openly admitted that the people of the United States serve central banking interests.

Toronto - For most Canadians, the cost of living has become astronomical. Those who have lived beyond their means for quite some time have been forced to live beneath their means. The inflation tax has become the bearer of ill will by our elected representatives.

Washington - Last week, the Federal Reserve uploaded a video to YouTube of its Chairman delivering a lecture on the recent and ongoing financial crisis.