The Producer Price Index (PPI) for August was down 4.3% versus August of 2008.
Comment: Both of the above occurred during the Great Depression. Those who are saying that we have avoided the Great Depression are premature.
Richard LeFrak, who was a guest host of CNBC this morning divulged important information on the upcoming crisis in commercial [...]
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
Written by Michael Markowski on
September 15, 2009 – 9:15 pm
