U.S. Economy: Housing Starts Drop; Slump May Persist. Notice how the 20% slump in housing starts in the western U.S. was buried in the article? After reading the entire article, I think that it would be better titled “US Economy: Housing Market Enters Death Spiral.” But of course I’m the pessimistic type.
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China sells more US T-bonds. I’ve said it before: the U.S. Dollar is doomed.
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From MayoClinic.com — West Nile virus: Signs and symptoms
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Our friend Tom at CometGold.com sent us this: Bear Stearns Staving Off Collapse of 2 Subprime Leveraged Hedge Funds. I see this as just the beginning of the global derivatives implosion that I warned you about.