The U.S. government is going to have to print up trillions of dollars worth of new money in an attempt to break out of this economic crisis. This excess supply of currency in circulation is going to lead to demand-pull inflation.

The news on the UK economy just keeps getting worse. Last week’s news was unremittingly glum – from falling house prices to income squeezes, most of us are quite a bit worse off than we were a year ago.

Yesterday, I left you with the thought that the London traders had been buying dollars since they arrived back from their three-day Holiday weekend. The U.S. traders did the same… And I believe profit taking was the order of the day.

Falling house prices, tighter credit and rising prices are going to hurt consumers.

Up, down…up, down – what’s the economy telling us?…a look at an endangered species. Rising price of food forces millions of Americans on to food stamps…you may be able to print your way out of a recession – but you can’t mint your way out…and more!

More ‘bad’ news for the housing market yesterday. Surveyors are writing smaller numbers on the top of their housing valuation reports.