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Deflation explained
Deflation occurs when prices are declining over time. This is the opposite of inflation; thus when the inflation rate is negative, the economy is in a deflationary period.A decline in general price levels, often... San Diego Housing Market Makes It Better to Rent vs Purchase
The conventional wisdom used to be: Buying a home and living in it is not an investment, but it sure beats renting and dumping money month after month with no return of any sort. Purchased property pays for itself by saving money that you don’t have to pay for rent. In...The 20 Most Unemployed Cities In America
"The national unemployment rate still hasn't quite edged past 10%. But some places blew past this benchmark ages ago. In some places, it's not a matter of "if" a full-blown depression could emerge. Some cities you can probably guess (Detroit), but others (Hollywood, and... GDP Fraud
The government released GDP figures showing rosy 3.5% growth in the third quarter. But don’t be fooled: the books were cooked. This time by the cash for clunkers boondoggle, the first time homebuyers tax credit,... Bankruptcy Filings to Match Divorce Filings in 2009: 1.5 Million.
There are no green shoots in the misery indicators:It is a sobering fact that in 2009, there will be as many people filing for bankruptcy as those filing for a divorce. We are on track to seeing an average of nearly 5,900 bankruptcy filings a day for 2009. While... China on Course Catching Japanese Disease
Hugh Askew wrote me a message with a request to write something sensible to the story published in the Financial Time from yesterday. “China is heading for a Japan-style bubble”“If China continues to... 169 views | 23 recommendations | 14 comments
Roubini's Bad News Explained
Roy C. sent me the following message: “Roubini's bad news. Could you translate some of the harder stuff into something comprehensible?”Lets try to make it better understandable:The United States is up to its... Be Prepared for the Worst
Is Congressman Ron Paul the new Dr. Doom?"What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two... Atlantic Yards, Shadow Government, and Albany Frozen in Amber
October 14th. The big chill was early, even for Albany. A press conference was being held in the park across from the New York Court of Appeals. The highest court in the state was set to hear Goldstein et al v. New York State Urban Development Corporation. The press... Economies Will Change:
Rebalancing the world’s economies won't happen overnight, that will take far more time.A Headline in The New York Times says: "Americans stop buying; trade deficit declines" "For the first eight months of the... Remember when Bush was talking Private Option to Social Security?
Here's what the media didn't tell you: the Galveston Plan: Back in 1980 the employees of Galveston County voted to opt out of Social Security for a private plan. Two other counties joined in just before Congress... 48 Pages of Sears Black Friday Ads Leaked
Sears Gives Black Friday Shoppers 48 Pages of Something to Talk AboutSan Jose, CA, October 27th, 2009 -- Now that the buzz about last week's false Office Max ad has finally quieted down, shoppers already have something new to talk about. Today, a 48 page Black Friday... Holiday Spending Poll, Consumers Cutting Back by 65 Percent
A new Consumer Reports Poll indicates that 65% of consumers will be cutting back on their holiday spending this year. Those surveyed said they will scale back their spending on clothing and electronics - still the... Recession Coming To End, GDP Up By 3.5%
It looks like the longest and deepest economic downturn or recession since the great depression is coming to end as the US economy grew by 3.5% The reason for the growth? People are beginning to spend again... What will the US Dollar do?
Ben Bernanke the chairman of the Fed, said in a speech at the National Economists Club in Washington, in November 2002:“Like gold, U.S. dollars have value only to the extent that they are strictly limited in...
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