Deflation rolls on as Manhattan apartment sales see huge drop


Those investors concerned that the Fed's expansion of its quantitative easing policy may lead to giddy U.S. growth and rampaging inflation may want to recalibrate the economic model they're using.

The global recession has destroyed more than $50 trillion in global wealth, with $17-25 trillion of that asset destruction occurring in the United States, depend on the methodology used, the U.S. is on a pace to lose a staggering six million jobs this year, and there are ominous signs that demand is decreasing in nearly every sector of the economy.

Originally published