14 July 2010

Economy

Home loan applications at 13 year low.

Mortgage rates are now at a historic low.

The strength of the dollar slips in conjunction with declining retail sales.

The durable goods forecast doesn't offer any signs of economic recovery.

Automotive sales are up from last year, but still below 2008 levels.

What does this tell me? All these indicators point to stagnation, and if confidence in the dollar continues to slip, possibly another round of stagflation. Should have put my money in gold instead of stocks...

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