Word: moneyitis
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...Australia's central bank, inflation and asset bubbles in an environment of easy money evidently now trump worries of a second-dip recession. Its October and November decisions, which raised interest rates from 3% to 3.5%, are meant to keep inflation between 2% to 3% in 2010. The country's consumer price index as of September actually rose just 1.3%, but the fear is that the resurgent economy and government's $38 billion in cash handouts and infrastructure spending will push inflation above...
...Other central banks are making similar calculations, although they are not moving as aggressively - yet. The Bank of Japan will terminate its purchases of corporate debt this December. The Bank of England is cutting back on a program to buy government bonds and commercial paper with newly created money. The European Central Bank is mulling an end to its 12-month loans to banks next year. "Not all our liquidity measures will be needed to the same extent as in the past," says ECB president Jean-Claude Trichet...
...risk of worsening unemployment. For the same reason, the U.S. cannot withdraw stimulus spending either, even though the U.S. budget deficit has topped a record $1.7 trillion. Last week, mortgage lender Fannie Mae reported $18.9 billion in third-quarter losses and said it needs another $15 billion in taxpayer money to survive...
...Hollywood money-mavens say that The Men Who Stare at Goats and the man who stares at ghosts did so poorly? Because, in the land of make-believe, the success of a movie is as much perception as reality. Insiders predict films' box-office take in the early part of the week, monitor the returns on Saturday and then, when the numbers are announced on Sunday morning, say how surprised or disappointed they are. Forecasting the weekend grosses has become a rabid Internet pastime, and the spur to free publicity when news services cover the "story" in Sunday columns like...
...consider the man who was checking his e-mail when he came across a dating-service ad featuring a picture of a bikini-clad woman. He looked at the woman's face and chest once - and then at the surrounding text five times. (See pictures of expensive things that money...