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Wednesday, November 17, 2010

Economics Update

Well, if you think that the run up to the Federal Reserve's quantitative easing (printing money) might lead to inflation, you thought wrong, with inflation at 0.2% in October, and the core rate at 0% for the 3rd straight month, and the year over year change was an anemic 0.6%.

The problem is that there isn't enough inflation.

We also have real estate news, all bad, with housing starts falling, house prices in the US falling 2.8% in September (down 0.8% in the UK), mortgage applications falling, and the AIA's: Architecture Billings Index, an indicator of future commercial construction, falling in October.

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