prudentbear.com Fed Member’s Deflation Warning Hints at Policy Shift Bullard Urges FOMC Purchase Treasuries If Deflation Risk Grows Jobless Claims in U.S. Declined by 11,000 to 457,000 New Zealand Raises Benchmark Rate for Second Month Franc Rallies Second Day on Speculation Economy Is Improving Euro Rises to $1.31 for First Time Since May on Economic View Oil Rises for First Time in Week as Dollar Weakens Versus Euro Treasury 7-Year Notes Pare Gains After Lower Demand at Auction U.S. stock decline moderates with GDP coming “'The bottom line is that all those McMansions that were bought during this housing boom are going to go the way of the 1973 Lincoln Continental,’ Merrill Lynch’s David Rosenberg writes. The housing bubble was the most over-owned, overleveraged and oversupplied real-estate market ever, he says, and its unwinding will take years. The revival of consumers saving their money for retirement - rather than expecting their homes to provide the cushion - added with ‘move down’ buyers will depress real-estate prices, he says.” Dow Jones, December 20, 2007 by Doug Noland | Jul 23 Trichet Challenges Inflationism Global risk markets rally; the euro-zone gets through its bank stress test; and Trichet challenges inflationism. by Martin Hutchinson | Jul 23 The U.S. economy is sharply underperforming its competitors because it has been subjected to policy choices that were poorly designed and arbitrary in their application. by Satyajit Das | Jul 8 Nowhere to Run, Nowhere to Hide! The best course of action for Greece would be to "temporarily" (that is, for the next several hundred years) opt out of the euro and unilaterally re-denominate its debt into the "new" drachma. by John Browne | Jul 28 'Stimulating' the economy with a massive new round of government spending is a recipe for driving a recession into a depression.Top News
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Thursday, 29 July 2010
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