• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

ECB Sovereign Bond Buyback Tally: €47 Billion And Rising

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Mon, 06/14/2010 - 09:57 | 412432 Tense INDIAN
Tense INDIAN's picture

have u guys read this :::::

Satanist Insider: "Keep Your Money Hidden"


Mon, 06/14/2010 - 09:59 | 412442 doolittlegeorge
doolittlegeorge's picture

very interesting.

Mon, 06/14/2010 - 10:16 | 412469 Joe Shmoe
Joe Shmoe's picture

Here's the JP Morgan funds cut on what's happening:



• SEC set circuit breakers for S&P500 stocks.

• GM recalled 1.5 million vehicles worldwide.

• Hungarian leaders downplayed default comments.


Economic News

• Modest signs of improvement in Beige Book.

• Weak export growth widened the deficit.

• Retail sales contracted 1.2% in May.

• The inventory rebuild continued in April.

• Next week consumer and producer prices released.

• 6/17: LEI, Philly Fed survey, current account.


Thought of the Week

A popular sentiment among the "double-dip" camp has

been that consumer deleveraging will restrict the ability

of consumption to drive economic growth. While it's still

early in the recovery, this week's chart looks at the

interesting dynamic between consumption growth and

consumer credit; despite a negative retail sales report

last Friday, consumer spending remains on track to

grow at a rate of about 3% in 2Q. However, this has

happened in the face of the most significant contraction

in consumer credit since the 1930's, as credit has

contracted some $143 billion since July 2008. Job

growth will play an important role going forward, and

we'll be watching to see if the American consumer can

continue to spend despite credit conditions.



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