Five Things You Need to Know: The Great Deflation, Stealth Depression, Journal Avoids D-Word in Housing Article, Inflation Today, Inversion Tomorrow, I'm With Stupid

By Kevin Depew  SEP 12, 2006 10:30 AM

What you need to know (and what it means)!


Minyanville's Five Things You Need to Know to stay ahead of the pack on Wall Street:

1.  The Great Deflation

Japan experienced more than a decade of deflation, and now finally appears to be re-emerging.  Could something similar happen here?  In a word, No.  But something far worse could. 

2.  Stealth Depression

We'll get to the expected update on housing deflation in a moment, but first let's consider a crazy question.  Are we already in a limited (for now) Stealth Depression?

3.  WSJ Avoids the "D-Word" in Housing Article

The Wall Street Journal this morning notes what we first brought up on the Buzz and Banter last week:  the build in inventory of unsold homes is pressuring prices.  Though they managed to avoid using the "d-word." 

4.  Inflation... for now.  Inversion... for later?

European Central Bank council member Nicholas Garganas told Bloomberg news the ECB is ``very worried'' about inflation. 

5.  I'm With Stupid

Yesterday I heard on television that anyone who thinks commodities are going to lead stocks lower is stupid.  Well, I guess I'm with stupid.  So is Australia.  And much of the Asia-Pacific region. 

No positions in stocks mentioned.

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