Recession
San Francisco Fed: "This Recession Should Cause A Significant Decline In Core Inflation"
Submitted by Tyler Durden on 06/15/2009 18:50 -0500The San Fran Fed continues to voice a dissenting tone from the Ben Bernanke Inflation Party Line. Authors Weidner and Williams try to reconcile the lack of major deflationary pressure borne by significant unemployment. Their conclusion: the output gap is the likely variable, and could potentially be less then estimated by the CBO.
Dubai is officially pulling out of the recession
Submitted by Tyler Durden on 04/09/2009 10:22 -0500Or so the government says... even with minimal background knowledge, it's not too much of a reach to call BS.
