Global Economy

Global Economy

Rates Always HIgher After An Election. Or Is It Lower?

Mortgage rate myths seem to come and go. Rates are higher if there's a Democrat elected. Rates are higher if the American League wins the World Series, and so on. Will there be a mortgage rate reaction this next Wednesday morning? An article in today's Wall Street Journal provided a punch list of what business [...]

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In this Bloomberg segment Dr. Nouriel Roubini shares his thoughts on why pundits proclaiming the stabilization of the housing market are wrong and why the current policy path is unsustainable and likely to have a messy exit. My favorite part? The idea of our debt ballooning from 40% GDP to 80%. Lovely. Can you say [...]

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Deflation is real and it’s spreading

So far Spain, Ireland and the UK are already seeing it and Japan is teetering on the brink. "Ireland, struggling with a ballooning budget deficit and record unemployment, has been at the vanguard of Europe’s economic collapse. Now deflation threatens to push the country deeper into its worst recession in eight decades." (Bloomberg) "Britain's statistics [...]

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“It” is Happening Already

"It" is shortages of critical commodities, a worrisome example of which is the raw materials used to prepare pharmaceutical drugs. Last week a Wegmans pharmacy in upstate New York ran out of OxyContin® and several other prescription medicines. Customers were told that Wegmans' supplier did not have the ingredients to make several medicines and did [...]

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The Hilarious Stuff Revolutions Are Made Of

Don’t underestimate the man on the street. He’s smarter than you think, for one, and for two, he has a lot of time to mull things over now that he’s unemployed. A People’s Hero has arisen in the American South. Watch his YouTube video and sympathize with the angst of the common man (warning: vulgar [...]

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