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Comstock: The Dire Outlook For Housing
The following is the weekly commentary from Comstock Partners, which makes the point that housing has not turned the corner decisively and this is at odds with even the recent S&P bottom of 1040. While the market has been focused on…
Taleb: Debt Problems Are Worse Now Than in 2008
Nassim Taleb speaks to the issue I have been addressing here for two years, namely that the problem with our financial system is debt. There is too much of it. And all the stimulus in the world won't solve that problem. The…
Forexblog – Q&A on Macroeonomics, FX and all the Rest of It
I was recently contacted by Adam Kritzer who is a lead editor on Forexblog which is arguably the best one stop resource for people interested in FX (trading) and the importance of foreign exchange in general. He asked me whether I would…
Demographics and the Macroeconomic Environment
Actually, our tussle hasn’t only been with the research institutes, and the bank analysts, from time to time we have also engaged with some of the better known cases of mainstream journalism, as, for example in the case of The Economist,…
Markets Without Guardrails
Frederick Sheehan is the author of Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession (McGraw-Hill, 2009). Two significant changes are pushing markets towards a shakeout. First,…
Breaking Cover
Well after a pretty hectic 48 hours being pursued all over the virtual globe by the economic and financial press, I am finally coming up for air. Those who don’t know what I am talking about might try this, or this, or this (etc). Actually…
Euro Aided By Constitutional Court and Rumors on China Currency Move
News is that the German Constitutional Court has rejected efforts to block Germany from participating in the guarantees that are a critical part of the Stabilization Mechanism. While many expected such a ruling, there was a…
Freight and Truck Traffic Point To Recovery
One common metric used by analysts to gauge how the economy is doing comes from freight or rail tonnage. If the economy is doing well, then more goods will be shipped via trucks and trains. This is exactly what is happening. Andy Lees…
Dollar to Rally After ECB Rate Decision
Highlights The US dollar is softer across the board and is indeed at new lows for the week against most of the major currencies ahead of a relatively constructive string of economic data and rate hikes from New Zealand and Brazil, a…
Spain’s labour market reforms talks fail and other links
Topic of the Day: Spain Spain: labor market reform talks fail - CNBC Spain Sees Solid Demand for New 3-Year Bond – CNBC El empleo pblico aumenta un 5,3% en plena crisis - ABC.es The Usual Fare SEC Investigation of Goldman…