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


To: axial who wrote (100914)8/17/2009 12:27:22 PM
From: Broken_Clock  Respond to of 116555
 
Finally making some headway into the media. But will anybody listen?



To: axial who wrote (100914)8/17/2009 12:38:48 PM
From: mishedlo1 Recommendation  Respond to of 116555
 
U.S. Treasuries Yields - Where To From Here?
globaleconomicanalysis.blogspot.com

Last week's treasury rally was the biggest in eight months notes Bloomberg in "Treasuries Rise Amid Flat Consumer Prices, Declining Confidence".

"Ten-year notes headed for their biggest weekly gain in almost eight months after the Reuters/University of Michigan preliminary index of consumer sentiment decreased to 63.2, below the 69 median forecast of economists surveyed by Bloomberg News. Compared with a year earlier, consumer prices dropped by the most since 1950."

Once again, the dip in consumer confidence was "unexpected". Economists simply have not grasped changes in social mood. Others have. ...

Mish



To: axial who wrote (100914)10/5/2009 8:57:58 AM
From: axial  Read Replies (2) | Respond to of 116555
 
Efforts to Instill False Confidence Will Backfire

The Economy Will Not Recover Until Trust is Restored

http://www.zerohedge.com/article/economy-will-not-recover-until-trust-restored

---

William K. Black and Elizabeth Warren:

"Indeed, the chair of the congressional oversight committee of the bailouts (Elizabeth Warren) and the senior regulator during the S & L crisis (William Black) both say that hiding the true state of affairs and trying to put a happy face on an economic crisis just prolongs the length and severity of the crash."

---

BILL MOYERS: Yeah. Are you saying that Timothy Geithner, the Secretary of the Treasury, and others in the administration, with the banks, are engaged in a cover up to keep us from knowing what went wrong?

WILLIAM K. BLACK: Absolutely.

---

"It is interesting to note that Americans no longer trust their politicians, the justice system, their ability to obtain liberty, or the media. Americans know that the boys launched the war in Iraq (which will end up costing $3-5 trillion dollars) based upon justifications which turned out to be untrue. Many Americans have read that the government imported communist Soviet Union torture techniques and then said "we don't torture". Many Americans also know that the government spied on American citizen (even before 9/11 ... confirmed here and here) while saying "we don't spy", and that the government apparently planned both the Afghanistan war (see this and this) and the Iraq war before 9/11.

This is an economic, not a political, essay. But I think the lack of trust in government concerning political issues poses an interesting question. Specifically, is it possible that the American people's distrust of the government concerning the above-described issues also bleeds over into a lack of trust in the government's economic actions and statements? In other words, if people discover that a government is lying about political issues, do people trust the government's pronouncements about economic issues less?"


Jim