Interesting Inflation News Links (March 16, 2009)

* Survey: Unemployment worries have tripled in past year (Business Journal Charlotte)

A new CNN/Opinion Research Corp. survey finds worries about unemployment have nearly tripled over the past year.

* Revenue estimates keep falling (Ginger Gibson, News Journal)

State revenue estimates could fall another $67.8 million this year and $148.2 million next year, according to preliminary estimates presented to the DEFAC revenue subcommittee this morning.

* Britain showing signs of heading towards 1930sstyle depression says Bank (Edmund Conway, Telegraph)

The country is displaying early symptoms of being trapped in a so-called debt deflation trap where families find themselves pushed further and further into the red every month, according to a Bank report published today.

* U.S. Data to Ease Deflation Worries (Brian Blackstone, Wall Street Journal)

Inflation figures this week are expected to ease concerns over the risk of prolonged price declines known as deflation.

* Unemployment concerns rise – CNN poll (Paul Steinhauser, Money)

WASHINGTON (CNN) — A new national poll indicates that worries about unemployment have tripled over the past year.

* Economic downturn prompts more mortgage fraud (Kansas City Star)

Mortgage fraud incidents hit a record high — rising 26 pecent from 2007 to 2008 — with Missouri ranking ninth in the nation for the number of reported cases.

* Bank action ‘can stem deflation’ (BBC News)

Deflation in the UK will be “short-lived” if decisive action is taken, according to the Bank of England.

* Dollar hits 5-week low vs. euro (Reuters America)

NEW YORK (Reuters) — The dollar hit a five-week low against the euro Monday as gains in European stocks signaled investors’ willingness to take on more risk.

* Whistling Past the Graveyard (Greg Veis, New Republic)

Simon Johnson is a professor at MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics. He is co-founder of the global economy website, .

* T. Rowe Price teaming up with Walt Disney World on new attraction (St. Louis Business Journal)

T. Rowe Price Group Inc. is hopping onto a new financial attraction at the Walt Disney World Resort in Florida.


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