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


To: Elroy Jetson who wrote (42999)12/19/2005 7:01:16 AM
From: John Carragher  Respond to of 116555
 
elroy here's a recap from your college newspaper. one benefit as i mentioned national health care program if war ended.

The next question seemed to leave the panelists — and the audience — at a loss for words. "What would happen if the U.S. stops the war, or loses it?" Leonard read.

Nader was the first to recover and grab the mic. "If the U.S. stops the war, we could use the money for education and national health insurance!"

berkeley.edu

I doubt congress slows down spending.. we will most likely increase taxes to keep social programs growing if administration changes in next election.



To: Elroy Jetson who wrote (42999)12/19/2005 10:26:40 AM
From: John Vosilla  Respond to of 116555
 
EJ many of us who benefited from this housing bubble due directly from the easy money policy, deficits and debasing of the currency by those in power realize it is all a sham. Those who fell further behind because of all this and (or) are deeply in debt in this age of US consumerism saving the day are furthest behind of all..



To: Elroy Jetson who wrote (42999)12/19/2005 12:36:08 PM
From: mishedlo  Respond to of 116555
 
Blair defends deal on EU budget
Monday, December 19, 2005 4:36:11 PM
afxpress.com

LONDON (AFX) - Prime Minister Tony Blair defended the deal on the EU budget agreed on Saturday, claiming it was necessary to help economic development in new member states

In a statement to parliament, Blair said it was Britain's "duty" to stand by the 10 accession states, but it was also "massively" in the UK's economic interests to help them

"These new member states have fast-growing, open economies, new ideas, human capital and a political vision of Europe that is close to ours," he said

The deal, reached in Brussels early on Saturday, includes an EU commitment to review farm spending in 2008

It also sees the UK giving the EU an extra 2.7 bln stg a year, which means the British total contributions will rise by 63 pct to 42 bln stg after the rebate, over seven years



To: Elroy Jetson who wrote (42999)12/19/2005 12:47:17 PM
From: mishedlo  Respond to of 116555
 
BoE´s Bean hints at rate cut early in the new year - report
Sunday, December 18, 2005 4:27:56 PM
afxpress.com

| ||||| ||||| ||||| ||||| ||||| 2005-12-18 16:27:56 BoE's Bean hints at rate cut early in the new year - report LONDON (AFX) - Charles Bean, chief economist of the Bank of England, has hinted at a possible cut in interest rates early in the new year following recent benign inflation data, the Sunday Times reported

Bean told the newspaper in an interview that the recent drop in inflation to 2.1 pct from 2.5 pct had removed one uncertainty from the BoE's projections

"There may be relevant news that comes in the interim which points very clearly in one direction or the other. I don't think it's a case of saying we are just going to sit here until the springtime doing nothing; it will be very much responding to the news coming in," he said

The other "key uncertainty" is pay and "whether there are any significant second-round effects as a result of the largely oil-driven pick up in consumer-price inflation over the past year." Bean voted for a rate cut three times last year, in June, July and August



To: Elroy Jetson who wrote (42999)12/19/2005 1:21:18 PM
From: mishedlo  Respond to of 116555
 
$IRX $TYX
The 13 week yield up over 1%
The 30 yr yield down over .5%

Mish



To: Elroy Jetson who wrote (42999)12/19/2005 11:40:08 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Inflation Monster Captured
globaleconomicanalysis.blogspot.com
Mish

Special thanks to Elroy who taught me how to capture a video clip and make a JPEG oout of it. It was not easy (at least for me)