The IMF is warning that there's a sizable risk of deflation in europe. We've talked about deflation in the past. Inflation is much much easier to control than deflation. You simply restrict the money supply by interest rates to inflate out of a problem. Deflation is where people just don't buy things and supply is greater than demand.
The drum beats are growing louder in China. Wen is warning of a bad jobs outlook as growth is starting to slow in China. I wonder how they're going to handle a billion upset chinese workers?
In news of the weird, a man has contracted the Bubonic plague from a cat bite. What? Read the article and check out the pictures. Looks like really nasty stuff.
In a good sign for the economy, Builders broke ground on the most new homes in 4 years. There is some pent up demand as people just haven't been buying as much as in the past. This is definitely a green shoot. It's not always gloom and doom....
United Airlines pilot's union has authorized a strike. They've been without a contract for 2 years. the impact on United Airlines could be interesting.
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