PIMCO’s July 2009 Investment Outlook, “‘Bon’ or ‘Non’ Appétit” by Bill Gross, is now available at PIMCO – Greed will come again. But for now, the trend is the other way and it promises to persist for a generation at a minimum. 

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Crisis Won’t End Until Balance Sheets Get Real: Jonathan Weil – Bloomberg

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great piece – Inflation or Deflation? – Make sure you get this one right – Posted by Prieur du Plessis - This post is a guest contribution by Niels Jensen*, chief executive partner of London-based Absolute Return Partners. – … Are we facing a deflationary spiral or will the monetary and fiscal stimulus ultimately create (hyper) inflation?  Unfortunately, the answer is less straightforward. .. – Investment Postcards from Cape Town

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Will The Global Warming Bill Cool The Global Economy? – Nouriel Roubini – Assessing the effects of cap-and-trade. - Forbes

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Chart of the Day – Today, the Labor Department reported that nonfarm payrolls (jobs) decreased by 467,000 in June. The stock market declined sharply on the news. Today’s chart puts that decline into perspective by comparing job losses during the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1954-2006 (dashed blue line). As today’s chart illustrates, the current job market has suffered losses that are nearly three times as much as the average. – Chart of the Day