Thursday, September 23, 2010


"The “Great Recession” has ended, officially."

“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
Joseph Goebbels
Nazi Propaganda Minister

"U.S. house prices fell 0.5 percent on a seasonally adjusted basis
from June to July, according to the Federal Housing Finance Agency’s monthly House
Price Index. The previously reported 0.3 percent decline in June was revised to a 1.2
percent decline. The unusually large revision mainly reflects the addition of new data from
late June that show considerably weaker prices than earlier in the month. For the 12
months ending in July, U.S. prices fell 3.3 percent. The U.S. index is 13.8 percent below
its April 2007 peak."
Federal Housing Finance Agency

"The number of people who filed new claims for unemployment benefits jumped 12,000 to 465,000 in the latest week, the Labor Department reported Thursday."
Market Watch

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