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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (33491)	7/11/2005 12:47:46 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

China inflation eases but deflation not a problem yet - economist Monday, July 11, 2005 3:19:20 AM afxpress.com SHANGHAI (AFX) - China's inflationary pressure has eased but deflation is not yet a problem, said Wang Yiming, vice president of the Academy of Macroeconomic Research (AMR) under the National Development and Reform Commission (NDRC), the Xinhua News Agency reported "The major reason for the slowing CPI rate is sharply decreased growth in food prices, but in my view, we cannot say there is deflation," said Wang The economy's upward trend has not changed, and there are strong rises in energy and raw materials, he added He was quoted as saying he expected that the goal to keep CPI rises within four pct for the whole year can be achieved, and probably it will be within three pct. Some economists have been suggesting that China is about to experience a return to deflation.

To: regli who wrote (33491)	7/11/2005 1:35:27 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Report from Santa Monica bubbleland by Miro on the FOOL DW and I visited three open houses today just to get a feel for what's going on the area. At two of them we were the only people there and at one only 4 other people had walked through after two hours of the open house. Observations: Just reduced from $969k to $925k (this had four prospective buyers walk by the time we came showed up) Another house had fallen out of escrow three weeks before ($1.25m). Agent quote, "I can't believe no one's bought this house." Another was a trust conservatorship sale with escrow having fallen through a week before because the buyer's own house had fallen out of escrow. Realtor said there was room for negotiation. ($1.05m) The agents seemed genuinely discouraged. It has definitely slowed down around here. miro