10 Second Headlines of the week 11/20/09

10 Second Headlines of the Week

November 20, 2009

  • The US Federal Government made $98 billion in improper payments in fiscal 2009

– i.e. $24 billion or 7.8% of total payments for Medicare fee-for-service

  • Free reserves in the bank system have now built up to over $1 trillion

– Total US commercial bank loans have fallen by almost 10% over the past year

  • Total number of US delinquent mortgage loans hits record 9.64%

– Increased job losses = Increased foreclosures

  • California is creating inflation and deflation simultaneously

(Dave Rosenberg, Nov. 20, 2009)

– University fees are up 32%

– University salaries decreased an average 8%

  • Gold demand falls 34% as gold prices rise in Q3 (World Gold Council, Nov. 19, 2009)

– Indian jewelry demand tumbled 42%

– Greater China saw a 10% increase in overall demand

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