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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