Clunker Nation

By Jon Nadler
31 July 2009 @ 09:35 am EDT

Well, we made it to this Friday, and the last day of July only to be greeted by a plethora of economic statistics and assorted other data that should make for an active trading day. First out of the gate, news that stag-deflation is gripping the Old World in a nasty way, and won't let go. Consumer prices fell by the largest amount in over a dozen years, while the number of jobless European denizens rose to a level not seen in a decade. Proof, once again, that Europe faces the same dangers as does the US for the moment, and that such dangers are not of the 'Zimbabwe-coming-soon' nature by a very long shot.

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