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POPSWhy cheaper oil signals trouble Deflation will win over inflation. But the "good news" will go on until just after the USA election. Then reality will begin to intrude its ugly head, again.
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POPSGetting coffee free for long! We love coffee at my house (drink it morning, noon and night). I'm going to find out more, because I'm certain I spend too much on coffee.
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POPSThe Return of the Robber Barons Another deceit is the measure called “core inflation.” This measure of inflation excludes food and energy, two large components of the average family’s budget. Wall Street and corporations and, therefore, the media emphasize core inflation, because it holds down cost of living increases and interest rates. In the second quarter of this year, the Consumer Price Index (CPI), a more complete measure of inflation, increased at an annual rate of 5.2 per cent compared to 2.3 per cent for core inflation. An examination of how inflation is measured quickly reveals the games played to deceive the American people. Housing prices are not in the index. Instead, the rental rate of housing is used as a proxy for housing prices. More games are played with the goods and services whose prices comprise the weighted market basket used to estimate inflation. If beef prices rise, for example, the index shifts toward lower priced chicken.
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POPSPHNOM PENH PAYING DEARLY FOR RATATOUILLE ! cows have to take back seat to the new filet mignon on the block , RAT cause when your thing fine dining your thinking filet of rat as your first choice and that would best served with a red wine ! a whole box of wine !
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POPSSuperior Economic-Policy Reporting And Writing This, from Sunday's NYTimes magazine, is the most clear and comprehensive economic-policy piece I've read in awhile. (It even makes the tax code nearly digestible.) Regardless of your political stance, it's worth a look.
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POPSMcCain- McBush- Bush Be Frightened Be very Afraid for America. " It Can Happen Here", a book by Sinclair, written earlier, describing the way America slides into fascism. Wars on all sides, and your civil rights being diminished by the day with new laws to curb your freedom and expand the powers of FBI, CIA and all the other 3letter clubs. Americans are already afraid of their own government. Time to take it back! It is your Land, after all.
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POPSFed Chairman: Economy Bad, Worst "in Memory" It is not just gas prices. Bernanke talks about how inflation has not yet had its full effect , comparing it to a storm that has not yet fully hit the mainland: "Although we have seen some improved functioning in some markets, the financial storm that reached gale force'' around this time last year "has not yet subsided, and its effects on the broader economy are becoming apparent in the form of softening economic activity and rising unemployment,' Bush and McCain do not acknowledge this, and Obama's policies would never fix it. The role that both Bush and Congress have played in RUINING the economy through government overspending (on unjust wars), devaluing the dollar (which is a key factor in inflation), and causing a rise in oil prices, are not discussed. The Fed is not innocent and causes inflation too by printing more money for government overspending from thin air! The Fed Chairman is using this to try to obtain new powers for th
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POPSUK faces economic crunch "Here's a plea signed by ten thousand schoolchildren, begging you to join us and save them. Here's a plea from a home for the crippled. Here's a petition sent by the ministers of two hundred different faiths-Here's an appeal from the mothers of the country. Read them." "Is this an order?" "No!" cried Mr. Thompson. "It's not an order!" Galt remained motionless, not extending his hand for the papers. "These are just plain, ordinary people, Mr. Galt," said Chick Morrison in a tone intended to project their abject humility. "They can't tell you what to do. They wouldn't know. They're merely begging you. They may be weak, helpless, blind, ignorant. But you, who are so intelligent and strong, can't you take pity on them? Can't you help them?" "By dropping my intelligence and following their blindness?"
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POPSUK Recession is Months Away Not surprising news. But a chance to reflect on the past 18 months. First, there was denial of an economic slowdown. Then the idea of recession was laughed at. Now the discussion is of whether the recession will be a big one or a little one. Interesting contemporary case study of how the rhetoric of denial runs parallel to the realities.
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POPSHe Saw It Coming What economic developments does Roubini see on the horizon? And what does he think we should do about them? The first step, he told me in a recent conversation, is to acknowledge the extent of the problem. “We are in a recession, and denying it is nonsense,” he said. The United States, Roubini went on, will likely muddle through the crisis but will emerge from it a different nation, with a different place in the world. “Once you run current-account deficits, you depend on the kindness of strangers,” he said, pausing to let out a resigned sigh. “This might be the beginning of the end of the American empire.”
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POPSUK Weather for Month Ahead The nights are drawing in, the last Bank Holiday of the year looks to be a washout, inflation is roaring, the credit crunch squeezing, and winter is around the corner. But hey the footie season has started! What joy to be British.
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POPSCurrency problem! Quids, Bucks, Euros... u name it, we need it! I know this may sound lousy, but I really don't know where this "scenario" is going to take us. (I didn't want to use the words crisis or recession on pourpose!!!) Any suggestion???
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POPSList of weakest US banks with assets + or -
1st Centennial Bk Redlands CA D- 715,231 1st United Bk Boca Raton FL D+ 575,509 Affinity Bk Ventura CA D- 1,172,207 Alliance Bank Lake City MN D 651,634 Alliance Bk Culver City CA D- 1,111,157 Alliance Bk Corp Fairfax VA D 553,450 Amboy Bank Old Bridge NJ D- 2,695,636 Amcore Bk NA Rockford IL D+ 5,135,631 American Bk St Paul MN D 612,162 American Bk of Commerce Wolfforth TX D+ 690,847 American Founders Bk Inc Frankfort KY D- 561,375 American River Bk Sacramento CA D 585,958 Americanwest Bk Spokane WA D 2,106,351 Ameriprise Bank, FSB New York NY D 1,551,509 Amtrust Bank Cleveland OH D- 17,301,384 ANB Financial NA Rogers AR F 1,895,545 Anchorbank FSB Madison WI D+ 5,088,062 Avidia Bank Hudson MA D+ 954,640 Baltimore County Svgs Bk FSB Baltimore MD D 615,915 Banco Popular North America New York NY D+ 12,738,302 Banco Santander PR San Juan PR D 9,103,575 Bank of Blue Valley Overland Park KS D- 753,205 Bank of Choice Evans CO D- 560,922 Bank of Choice Colorado Arvada CO D- 6
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