Word: slowdown
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...another snapshot of where the U.S. economy may be heading - and maybe some conflicting signals. Consumer prices rose 0.1 percent in March, with inflation cooling further after February's 0.3 percent jump. The ice cube, again, was energy prices, which can be taken as a sign that either the slowdown is cooling off demand or low gas prices will fuel the consumer comeback this summer. Maybe both...
...Less ambiguous was the news that housing starts and permit applications are falling off too. Although the declines were modest, they're a signal that construction companies see demand for new homes dropping in the months ahead - and that's the slowdown again, in a sector whose surprising winter strength was supposed to mean that the worst of it wasn't going...
...negligible increase in the CPI, the smallest rise in seven months, which is not unexpected in a slowdown. The bad news is that there's obviously no room for companies to raise prices to try and bulk up their profits, and that's going to keep the corporate earnings outlook pretty grim for a while. The good news is that this would seem to give the Fed tremendous latitude to cut rates quickly...
...space exploration. As Astronaut Buzz Aldrin has said, “History will remember the inhabitants of the last century as the people who went from Kitty Hawk to the Moon in 66 years, only to languish for the next 30 in low Earth orbit.” This slowdown can be attributed to the fact that NASA’s funding has been cut repeatedly, and ambitious programs have been scrapped for more cost-effective and passive endeavors...
...everyone's astonishment, both groups found that instead of the gradual, gravity-driven slowdown they expected, the rate was getting faster. Says Saul Perlmutter of Lawrence Berkeley National Laboratory in California, who heads one of the groups: "We spent at least a year struggling to understand what we were seeing." In the end, both groups decided that dark energy, functioning as a kind of antigravity, was their best guess...