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4 Synopsis Last month I stated " Manufacturing employment has grown for 43 months. I expect that trend to break next month. Production was up but inventories were way lower.
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In response to Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules I received an interesting email from reader Antti who writes …. Hi Mish, An interesting factor, which is potentially going to amplify the pain (a lot) in Sweden is how their law is written regarding apartment buildings and ownership
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Sweden Housing Crash Coming Up; Average Swede to Repay Mortgage in 140 Years; Swedish Central Bank Ponders New Rules Average Swede to Repay Mortgage in 140 Years Swedish repay their mortgages so slowly that it will take 140 years on average , according to the IMF. The International Monetary Fund lamented Friday that Swedish households pay their mortgages so slowly that they are planning to do an average of 140 years.
Tweet Before you read on, decide for yourself what the two headlines mean.
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I just finished reading The Smith/Klein/Kalecki Theory of Austerity by Paul Krugman and I believe it is the most disingenuous piece he has ever written. Krugman comes out blazing with the statement ” Noah Smith recently offered an interesting take on the real reasons austerity garners so much support from elites, no matter how badly it fails in practice.