Monthly Archives: June 2011

USA deficit worse than we think – WSJ

Normal interest rates would raise debt-service costs by $4.9 trillion over 10 years, dwarfing the savings from any currently contemplated budget deal. http://online.wsj.com/article/SB10001424052702304657804576401883172498352.html?mod=WSJ_Opinion_LEADTop

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Stagflation ?

Yesterday’s economic news was at best a mixed bag, with indicators all dropping, but not as much as analysts expected.  Stocks rallied a bit on the news, picking up about 1% — but don’t expect that to last.  Today’s news … Continue reading

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Aust stocks plummet on Greece concerns

Close Australian stocks were pummelled today, closing at their lowest in more than nine months as investors fled the market on growing worries about Greece’s debt crisis Read more: http://www.smh.com.au/business/markets/horror-day–25b-wiped-off-the-market-20110616-1g4q9.html#ixzz1PQ4nkf5A

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Stocks advance on China Growth and US retail data

Stocks surged, sending the Standard & Poor’s 500 Index to its biggest gain in almost two months, as higher-than-forecast Chinese industrial output and American retail sales eased concern about a global economic slowdown. Treasuries tumbled and the dollar fell, while … Continue reading

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