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Treasurys fall amid hopes for bailout package September 30, 2008 | Leave a Comment NEW YORK (MarketWatch) — Treasurys fell early on Tuesday, sending yields higher, amid hopes that a financial bailout package will eventually be approved, after its rejection in Congress Monday sent stocks plunging and bonds surging.

Data released last week by the Ministry of Internal Affairs and Communications showed Japan’s core consumer prices up 2.4% compared to a year ago, matching the figures seen in July. Core consumer prices have now risen for 11 straight months.

The Consumer Price Index (CPI) in Iceland rose by 0.86% between August and September, representing a drop in annual inflation from 14.5% to 14.0%, Statistics Iceland revealed yesterday. Analysts had expected an increase of 14.2% in September, after a record rise of 14.5% in August.

Yikes, now that is real inflation, with the CPI being announced at 3.5% for August 2007-08, and my first reaction is “yikes“. Gasoline prices rose 26.3% in August compared with the same month a year earlier. Prices for other energy components, such as natural gas and fuel oil and other fuels, also contributed significantly to the rise in consumer prices.

Live Trade Call for September 23, 2008 Monday, 22 of September, 2008 10:40 pm TRADE CALL RECAP For our last live trade call, we were looking at the Canadian Retail Sales this morning, and we were looking to enter a short on the EUR/CAD or USD/CAD if the figure came out at least 0.4% better than

I was interviewed by Susan Mitchell last week for a piece in the Sunday Business Post, published today. Her thesis is that the Irish middle class have discovered thrift. I think she's on to something: I certainly see it in surveys and focus groups around the country.

Despite the chaos on Wall Street, the Fed yesterday left its benchmark interest rate on hold at 2%. Martin Hutchinson says the Fed has finally starting doing its job: putting price stability over Wall Street's demands. Real interest rates are negative. This is feeding inflation.

US inflation fell for the first time in two years with a rate of 5.4 percent in August from a year ago. That compares to July’s 5.6 percent according to Bureau of Labor Statistics data released Tuesday. A decrease in inflation makes inflationary-hedge investments in commodities like gold and oil less attractive, but turmoil in the financial sector has its pull too.

The July Simplified Stagflation Index (SFI) is -47, up from from a revised -82 in June. The July data from the Bureau of Labor Statistics indicates that inflation rose faster than wages for non-managerial workers in the private sector, who make up about 80% of the American workforce.

With a 2.4% rise in July, Japan’s core consumer prices have now risen every month so far this year, and for ten consecutive months overall, according to data released today by the Ministry of Internal Affairs and Communications. Because Japan includes energy prices as part of its core CPI, it’s also helpful to look at what the CPI looks like with energy stripped out.