All of those who argue about what should count in inflation (i.e., all of you) should check out MIT's Billion Prices Project - the brute-force approach to inflation tracking, monitoring daily fluctuations of some 5M items sold in 70 countries.
MetLife (MET -2.4%) joins an exodus out of the long-term care insurance business, saying it will stop individual coverage sales from Dec. 30 - significant because of MET's size.
Last month's drop in home repossessions was to be expected. Far more interesting from RealtyTrac's report today is the fact that initial default notices have been running roughly even with repossessions, suggesting "lenders and servicers are trying to manage the level of distressed inventory available on the market to help stabilize prices."
Not sure whether this will still simmer tomorrow ...
Ireland on the Brink as Budget Crunch Looms
After promising a 15 billion euro ($20.7 billion) austerity package of spending cuts and tax hikes, Ireland's government may be facing its last chance to avoid a bailout by persuading markets that the country can repay its debts.
Yields on government bonds have soared in recent days as investors increasingly fear that the only long-term option for Ireland will be a bailout from Europe.
狗仔卡
发表于 2010-11-11 01:26 PM
发表于 2010-11-11 01:26 PM
broke out!