Hard hitting global and local news
It did not take long for monetarists to respond. Ambrose Evans-Pritchard quickly whined " Insular ECB is playing dangerous game of chicken with deflationary world forces ". The US and China are withdrawing stimulus on purpose
I invite you to read World risks deflationary shock as BRICS puncture credit bubbles by Ambrose Evans-Pritchard. It is a remarkable state of affairs that the G2 monetary superpowers – the US and China – should both be tightening into such a 20pc risk, though no doubt they have concluded that asset bubbles are becoming an even bigger danger
With supply arbitrage in mind, please consider Invasion of Spanish Builders Angers France Struggling to Compete . The earth movers digging out a sandy pit in the beach town of Biarritz could be any construction site in France
Continue reading here: Canada Housing Bubble: Far Too Late for Warnings; Rule of Predictions
See more here: Five Housing Headwinds; Mortgage Originations Lowest Since 2010; Refinancible Loan Percentage Collapses; Payment Shock
Fed Minutes Show Majority Believe "Marginal Efficacy of QE Likely Declining"; Economy Turned the Corner? Inquiring minds are reading Minutes of the December 17-18 FOMC Meeting to see what the Fed is thinking
Continue Reading: France in Review: Perfect Track Record of Economic Ineptitude
USA Today reports Average 30-year mortgage rate moves up to 4.47% Mortgage buyer Freddie Mac said Thursday the rate on the 30-year loan increased to 4.47% from 4.42% last week. The average on the 15-year fixed loan rose to 3.51% from 3.43%. A government report issued Wednesday showed that U.S.
Continue reading here: Number of Banks and Percentage of Problem Banks Over Time
Visit site: Emerging Market "Fragile Five" Currency Crisis Coming Up; Saxo Bank on Property and Equity Bubbles in Asia and…