With events developing so fast in the financial sector crisis, lots of other news headlines got short shrift – and maybe a few very interesting developments got ignored. I went hunting to see what else we missed during the recent market meltdown. Here’s a quick summary of some interesting stuff:After five years of tightening, a week ago Monday China eased their monetary policy in a big way, cutting interest rates and loosening lending restrictions. Now that would’ve been front-page, top-of-fold stuff if all these other events hadn’t occurred at the same time.
In other news, the Associated Press reports that the U.S.’s industrial output “plunged in August” by nearly four times the amount that had been expected. It was the worst performance since Hurricane Katrina devastated the Gulf Coast in 2005.” Another biggie we’ll need to keep our eyes on.
What else? Well, I found a little good news buried in the rubble, too. The title of this Seeking Alpha blog post says it all: “Inflation Concerns? That’s So Yesterday”. Of course, every rose has its thorn: as this post explains, deflation is the fresh concern in light of the big market drop.
Last but not least, T. Boone Pickens’ wife sold a ton of stock in her husband’s natural-gas company Clean Energy Fuels (CLNE) – 1 million shares, to be exact. What should we read into a huge move like that, I wonder?
If you spied any news tidbits that didn’t get the attention they deserve during the market meltdown, by all means share ‘em here…
[image: Speed of Light by jcptalbot on flickr]
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