In theory, the two should always match up, but that's the rub, they don't, and Real GDP is often prone to gross inaccuracies, and actually often gets revised to a number much closer to Real GDI up to many years later.


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Steve Keen's Debtwatch takes note that despite official proclamations to the contrary, it is certainly looking like Australia's housing bubble has clearly popped as well.


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The premium investors are currently paying as a hedge or bet against downward swings is of a style commensurate with an expectation of a crash worse than what was seen when Lehman fell.

MarketWatch.com
Japan stock crash raises fear of wider global impact

HONG KONG (MarketWatch) - Japanese equities crashed Tuesday on panic selling after Prime Minister Naoto Kan said a “substantial amount” of radiation was leaking from a nuclear power plant affected by Friday’s massive earthquake and tsunami.

The share plunge could now have wider ( Read more... )

From TruthDigSep 23, 2010 ( Read more... )

CNBC (Fast Money)
Was Flash Crash Legitimate?

As the market continues to break through key technical levels, traders are asking themselves a difficult question: Was the so-called Flash Crash legitimate, signaling a coming fundamental deterioration in the global economy or still just a computer glitch? ...

...In a report yesterday, the SEC said it ( Read more... )

Contrary to rumors quickly disseminated by the major brokerage houses, CNBC and others, the unprecedented "Flash Crash" on Wall Street during the prior week was not the result of some "fat fingered trade," "computer glitch," or any such baloney, but apparently  rather legitimate trade executions during what was already a market meltdown.

Wonder if ( Read more... )

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US stock market returns since 1825:
Last year ranked second-worst

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