Friday, July 24, 2009

FW: Inman PM: Recovery alphabet, government soup

 

 

 

From: Inman News Headlines [mailto:dailynews@inman.com]
Sent: Friday, July 24, 2009 4:10 PM
To: mark@itsyoursale.com
Subject: Inman PM: Recovery alphabet, government soup

 

Inman News: PM Edition

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Friday, July 24, 2009

Recovery alphabet, government soup
Signs of economic bottom, a wild stock market and relentless Treasury borrowing combined to send long-term rates to six-week highs: The 10-year T-note jumped 30 basis points to 4.7 percent, and no-point mortgages reached 5.5 percent.

A crowd of spinners in expensive suits (Larry Kudlow in front) tried to sell bottoming data as recovery, preying on hopes for an end to the Great Recession. The authentic debate is about the shape of recovery: will U.S. gross domestic product "V," like old times? Are we stuck in "L" or "W" futures? Or "V" with a limp and wandering right-side? More »


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