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Written by Steve Meyers
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Friday, 30 July 2010 18:42 |
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One of the world's most realistic people (which for some reason the permabulls take as an indication of extreme bearishness: which is fine - after all they themselves live in an imaginary world populated with market marking unicorns and benign computer programs), David Rosenberg has shared ten things that would make him bullish. Alas reading through these gives one the impression that Hades would first turn endothermic before any of these actually were to come true. And for some more practical views from Rosie, we also include his spot on interpretation of today's GDP data. READ MORE |
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Written by Steve Meyers
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Friday, 30 July 2010 14:34 |
Every time there is a little blip by China in its purchasing or holding of US treasuries, hyperinflationists come out of the woodwork ranting about the "Nuclear Option" of China dumping treasuries en masse.
Such fears are extremely overblown for several reasons. READ MORE |
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Written by Steve Meyers
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Thursday, 29 July 2010 21:05 |
Bill Gross usually writes an interesting column provided you skip over the first few paragraphs of introduction. His August Investment Outlook regarding population demographics is no different. Please consider Private Eyes.
Our modern era of capitalism over the past several centuries has never known a period of time in which population declined or grew less than 1% a year. Currently, the globe is adding over 77 million people a year at a pace of 1.15% annually, but slowing. READ MORE
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Written by Steve Meyers
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Thursday, 29 July 2010 16:14 |
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We must admit to being a tad perplexed by this post up at The White House blog: Affordable Housing in the Recovery Summer.
That's right, apparently our central planners, in their infinite wisdom have decided that what the economy is really lacking right now is more cheap housing.
Here's what Rosie Rios, the US Treasurer wrote:
Access to affordable housing is a challenge facing communities across the country. But the Recovery Act is helping our nation meet that challenge head on by providing states with cash to help them finance low-income housing construction at a time when too many projects would otherwise be stalled. These projects are helping revitalize communities through both the creation of new affordable housing developments and the tens of thousands of jobs being created to build them.
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