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N Y Down Today : Chicago Report Points To Stagflation

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U.S. stocks flatten on worrisome Chicago PMI report

12:35 p.m. 06/30/2006 By Leslie Wines Provided by

Fund managers make their final second-quarter adjustments
NEW YORK (MarketWatch) - U.S. stocks flickered near the flat line at midday Friday, after early gains evaporated when the Chicago purchasing managers' monthly report suggested a
worst-case scenario of economic slowing alongside higher prices.

Stagflation rears its head. No wonder Ben was gentle on IR hikes. As some may remember, Japan's housing market collapsed when this phenomena set in and refused to budge for decades until recently--they hope.

Stagflation will kill HPI faster than a wet shinola off of a shovel.

If the PMI is an accurate reflection of what is happening in the world's largest economy the HPI-MEW Miracle Economy in the UK is a dead man walking.

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If the Chicago figure does indicate stagflation creeping in this will have a major iompact on the US and world economies.

It is inevitable in a way as Ben is caught between a rock and a hard place. With creeping inflation he must hike and at the same time the economy is slowing in which case he shouldn't hike. He has to choose between inflation and an IR induced recession. he is clearly going for the recession but it could become stagflation. As Merv said we have some bumpy roads to travel in the months ahead. Very bumpy.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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