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Fed officials favor QE3; Asian data signal drop in global demand

Asia's biggest exporters showed further signs of slowing down in data published on Monday, signaling a fresh slide in global demand, as two top U.S. Federal Reserve officials said they favored easing monetary policy to boost growth.

Japan's core machinery orders in May plunged 14.8 percent from April, with the key gauge of capital spending sinking far below analyst expectations of a 3.3 percent decline. That raised the risk that growth momentum in the world's No. 3 economy will stall if firms start to scale back investment.

Meanwhile consumer inflation in China, the world's second biggest economy, eased more than expected in June, with producer prices in outright deflation for a fourth month.

The numbers signal that demand for goods from the nation's vast factory sector - especially from foreign customers - is declining as the global economy weakens.


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Oh how sad. The poor dear US

Oh how sad. The poor dear US banksters need more free money to keep the global debt expansion crap game going. The other global counterfeiters have stepped up the extortion from THEIR unaware masses, what's wrong with the FED?

Patience, boys. Benji the printer will accommodate you, but you're gonna havta wait until he can do so without appearing to favor the weasel with the D after his name over the one with an R.

I must be willing to give up what I am in order to become what I will be. Albert Einstein