Data Recovery Reports > OECD Says Economic Damage Is Lasting, So Stimulus Should Continue ...

[Macro-view Blog RSS | MoneyWatch] Emerging-market economies are already in recovery, and the U.S. and Japan should soon follow, said the Organization for Economic Co-operation and Development (OECD) on June 25. But the next few years of recovery will be weak and fragile, and because the world’s economic machinery has suffered severe damage that will cut growth potential for many years, it’s crucial that governments not pull back too early on their stimulus efforts.

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[The Gaea News] Dollar gains as ECB, BofE leave interest rates unchanged: Japan's central bank keeps interest rate on holdTOKYO ”” Japan's central bank kept its benchmark interest rate steady amid signs that the country's economic picture may be brightening. The Bank of Japan's eight-member policy board voted unanimously Thursday to leave the overnight call rate target unchanged at 0.1 percent, as widely expected.

[Greater Fool - The Troubled Future of Real Estate] W ”” Greater Fool - The Troubled Future of Real Estate: Prices in bubble cities such as Los Angeles, Phoenix, and Miami are down less at the high end of the market than at the bottom, according to data from Standard & Poor's/Case-Shiller home price indexes. But that's cold comfort to people who haven't .

[Fullread: Latest bookmarks] Economic News, Economy News, World Economy News, US Economy News ...: The Salaryman: The stereotypical Japanese breed of corporate samurai seems to be dying out, along with Japan's economy. Enter the grass-eater: A 20-30 year-old Japanese male who lives with his mother, is uninterested in women, is de-motivated at work, sits down to pee, and is an herbivore.

[Safehaven] Safe Haven | Just the Facts: April 7 - Bloomberg (Shamim Adam and Kevin Hamlin): "China's stimulus plan may fuel the nation's economic recovery this year, helping counter a global recession that is likely to drag growth in Asia's developing countries to the weakest in 11 years, the World Bank said. Developing East Asia, which excludes Japan, Hong Kong, Taiwan, South Korea and Singapore, will expand 5.3% this year, less than a December estimate of 6.7%..."

[The Gaea News] Experts say world nears record 1 billion hungry people, despite ...: Global agriculture prices to stay high, OECD saysPARIS ”” Prices for agricultural commodities are likely to remain higher than over the past decade due to the biofuel industry's growing use of feedstock and renewed food demand in developing nations, an OECD report said Wednesday. Prices may also be more volatile as a result of oil and energy costs and erratic weather conditions, the Organization for Economic Co-operation Development said in its Agricultural Outlook for 2009-18.

[The Housing Bubble Blog] The Housing Bubble Blog » Bits Bucket For May 24, 2009: Two years ago I stopped to look at Horsetail Falls and the thunder and hiss and blowing ice-crystals evidently enchanted me so that I fell into a bit of a reverie and lost track of time, so I go to head out and I jerked forward and about fell on my face, because my boots was plumb froze in place in the icy slush, about an inch. I must have been standing there awhile, huh?

[Clusterfuck Nation] Too Stupid To Survive - Clusterfuck Nation: The only reason buses tend to be more full in places like New York or Los Angeles, is there is a large population of poor native born and immigrants who live way too far to walk to work or, believe me, many of them would. And here’s why”¦following is a comment by a recent bus rider in SF:

[Answers.com: Today in History] Japan: Definition from Answers.com: Japan also pushed for strong UN sanctions to be imposed on the North. Although Japan supported the Jan., 2007, six-party agreement that called for closure of North Korea's reactor, it maintained a harder line in its bilateral relations with the North, concerned over unresolved abduction issues and North Korean missiles (which led to the installation of ballistic missile interceptors in 2007).

[The Housing Bubble Blog] The Housing Bubble Blog » Bits Bucket For April 11, 2009: My hypothesis about the operation of the US government since the Reagan era is that open taxation (the kind R-can politicians like to target in their campaign rhetoric) has been replaced by stealth taxation through crisis intervention. Whenever a financial crisis has played out, from the 1987 stock market crash through the current so-called credit crunch, the Fed has intervened by running the printing press on full blast (as they are currently), justifying the action as necessary to prevent the financial system from failing.

[PE Hub Blog] peHUB » American Innovation In Crisis: What makes America unique is our entrepreneurial culture, and the success of that culture relies on the understanding that, in our society, entrepreneurs are rewarded for having the courage to correct course when things aren’t progressing, and they are given additional financial and intellectual resources so that they can refine, and sometimes even reinvent, their business models on the road to success. American entrepreneurs are expected to have the tenacity and conviction necessary to pick themselves up after falling, to stay on the entrepreneurial horse, and to relentlessly move forward.  Our society’s tolerance for risk-taking and our willingness to support the long-term development required for visionary, breakthrough ideas to bear fruit make American entrepreneurs all the more likely to succeed.

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