Reader Benjamin H. wanted to remind folks that there are two types of deflation, and to that end he sent us a link to a great piece over ar iTulip: Debt Deflation versus Goods Price Deflation.
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Pete in New Hampshire sent this news that will be of interest to diabetics: Lifescan is giving away their new One Touch Ultra Slim [blood glucose] meters. Pete writes: ” People can always use a back up meter, and free ones are even better. Of course they will need acquire the test strips to go along with it.ia
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Here is some of the latest economic news: Reader G.G. mentioned that some economists quoted by Financial Week concur with my prediction: Inflation starter? Foreign buyers no longer binging on long-term U.S. debt With financing of deficits in doubt as spending rises, deflation could quickly turn into runaway price increases, say economists Next, thanks to Jeff B. for this: Earnings, economy – here comes ‘terrible’, The week ahead: Investors gear up for a deluge of weak earnings and the biggest plunge in GDP in 26 years.
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Trent H. sent us this news of pending legislation from the state with the “Live Free or Die” bravado license plates: The Licensing of Horses in New Hampshire