this doesn’t look like the stuff of recession: FUNDAMENTALS TO SUPPORT Barclays Capital said gasoline demand indications from the U.S., the world’s largest consumer, have
Mainstream economics would put it this way: Inflation risk to long term growth vs short term growth risks So on the inflation side: CPI year
Major themes intact: weak economy higher prices Weakness: US demand soft but supported by exports. US export strength resulting from non resident ‘desires’ to reduce
The desire to accumulate $US financial assets has been diminished for at least the following reasons: Treasury policy – Paulson is actively pushing both a
No Recession, yet.. Demand drop of 1% of GDP began over a year ago when home buying by subprime borrowers ceased.. And exports picked up
A Rescue Plan for the Dollar By Ronald McKinnon and Steve H. Hanke The Wall Street Journal, December 27, 2007 Central banks ended the year
Give Saudi/Russians comfort that they can keep hiking. And markets say Fed will keep ‘accommodating’. So much for higher prices curbing demand! DJ US Gasoline
Ben Bernanke will save the world, but first we bleed Posted by Ambrose Evans-Pritchard on 14 Dec 2007 at 12:48 The Bernanke ‘Put’ has expired.