The European Central bank plans to raise a quarter of a percentage point next month
Marla Guthrie
Nov. 2, 2006

They stayed put for this time but gave enough indication to hint that rate hike is coming soon - next month.

The European Central bank plans to raise a quarter of a percentage point next month.

The eurozone is also showing stealth effects of stagflation. Eventually it will turn into a dagerous self feeding deflation.

The European Central bank plans to raise a quarter of a percentage point next month
Marla Guthrie
They stayed put for this time but gave enough indication to hint that rate hike is coming soon - next month.
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Factory orders and weekly jobless claims show stealth depression in the economy
Peter Oberois
It is called stealth depression because the economists cannot detect it. The only people who know about it are those running small companies.
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The stock market and crude oil have started their longest bear journey ever
Sam Adelton
The Dow falls below 12000 and crude oil below $48 a barrel. The market slowly understands that stagflation is changing into deflation driven deep recession if not a depression.
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WalMart's expectation of flat sales for November shows economy is weak and a bleak holiday season with high underemployment and stagnation
Fred Day
The exonomy is waek and the stock market is overvalued like never before with easy money and inherited wealth.
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Brazilian carrier TAM will begin using Boeing airplanes in addition to its Airbus airplanes for international flights
Media Release
TAM signed a deal to buy four new Boeing-777/300s ER and has the option to buy an additional four.
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Lankan cops hunt Indian nationals amid fraud probe
Media Release
Sri Lankan police are seeking international help to track down two Indians who allegedly duped hundreds of people through an internet scam, police said.
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GM and Ford saw their October sales rebound but behind the jump lies a serious down trend led by consumer reluctance to buy
Peter Oberois
The car makers other than Chrysler posted a solid jump in sales. But analyzing the data more carefully, it seems that the trend is clear now – down lead by lack of purchasing will and power.
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Crude inventories point to lower demand and slower economy
Anita Das
The extra capacity of oil and gas output especially from the Russians and panic uncovering of hoarded oil by the oil companies are the root causes for excess supply. But what is the root cause of slower demand is the underemployed tired economy.
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Lower auto and truck sales figures show auto manufacturers leading the coming recession
Susan Rai
The car and truck manufacturing figures show what Chicago PMI confirmed. The recession has started and is at an early stage. The opposite direction of the stock and bond market is also an indication of the same...
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