Wall Street suffered its first reversal in eight days yesterday. The Dow dropped a modest 7 points. For its part, gold rose $1.30 and the dollar fell. More importantly, the latest news is that inflation rates continue to fall. Producer prices went down 0.8% in the last two months – and the rate of decline is accelerating. It won’t be long before the US is in outright deflation – just like Japan.
July 19th, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "decline"
Americans Have No Money to Spend Because They Already Spent It!
From Florida, comes news of the first drop in population in 60 years. “Unemployment is soaring,” reports USA Today. “Florida is second to California on foreclosures.”
Yes, dear reader, there is trouble in the sand states…
September 3rd, 2009 | Bill Bonner | 1 comment | Continued
