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The Found Lost Decade
By Annaly Capital Management. On Tuesday July 27th, the Census Bureau released homeownership rate data for the second quarter of 2010, which showed a continued decline to 66.9% from a peak of 69.4% in 2004. This rate hasn’t been below 67%…
US GDP growth, Spanish unemployment and other links
GDP Growth Charts via EconomPic EconomPic: Great Recession was Worse than Thought EconomPic: GDP Growth Slows... Spike in Business Investment Spanish Unemployment La EPA constata que el paro no deja de subir; 20,09% de…
Do The Latest European Bank Lending Numbers Reveal A Major Headache Looming For The ECB?
by Edward Hugh According to Ralph Atkins, writing in the Financial Times: "Eurozone mortgage borrowing grew last month at the fastest pace in almost two years in a sign that bank lending across the 16-country region may be flickering…
A New Spotlight on Japanese-Style Deflation
From Comstock Partners
In a scholarly paper that was released today James Bullard, President of the Federal Reserve Bank of St. Louis, stated, "The U.S. is closer to a Japanese-style outcome than at any time in recent…
Seven Faces of The Peril
This is the Federal Reserve Bank of St. Louis piece by James Bullard that everyone is talking about. Here's the money quote: Under current policy in the U.S., the reaction to a negative shock is perceived to be a promise to stay low…
Rosenberg on the cause of the next secular uptrend in inflation or hyperinflationary shock
David Rosenberg is bullish on bonds. And the reasoning for his bullishness has a lot to do with the deleveraging and excess capacity which the bursting of the credit bubble has brought into view. In this sense, his views on inflation are…
Bill Gross Channels Edward Hugh on Demographics and Austrians on Malinvestment
I have enjoyed Edward Hugh and Claus Vistesen's posting here as well as on their own sites because they add a European angle to the commentary I think we lacked. But, they also have brought their considerable interest in demographics to…
Stat of the Day: Actual versus Statutory EU retirement age
I got these charts from a BBC article entitled Fixed retirement age to be axed. The article says about UK government retirement planning: The government is planning to scrap the default retirement age in the UK from October 2011.…
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…
Euro Testing May 10 High, Helped By Strong Euro Zone Sentiment Survey
From the BBH Currency Strategy Team. Highlights US dollar is weaker across the board vs. the majors as sentiment appears to be improving today after a consolidative day yesterday. Risk on FX trading appears to be back on track after…