How strong is the recovery and other links

How strong is the global recovery?

The recovery seems slowest in Greece and the bubble countries (US, UK, Ireland, Spain). It’s pretty poor in Eastern Europe too. It is better in the rest of Western Europe. A good deal better in Australia and Canada (not sure about NZ). China, India and Brazil are even tightening. Other countries too. If you are thinking double dip, where are the vulnerabilities globally? I see housing, commercial real estate and state and local governments in the US. Housing and banking in the UK, Spain and Ireland and austerity in the UK. And there are always trade tensions.

The Usual Fare

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