July 11, 2014
Does the Fed Really Believe What it Says? What About Krugman?
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Hard hitting global and local news
Hard hitting global and local news
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Visit site: Steen Jakobsen on "Zero Bound Bubbles" and the "Vital Flaw in Pimco’s Bullishness"
Taken from: $22 Billion in California Homes Sold to Chinese All-Cash Buyers; "Beginning of Tidal Wave" says NAR Chief Economist
Paris to Tax Empty Offices at 20-40% of Rental Value; Price Crash On the Way The ideas from France get nuttier and nuttier as time goes by. Via translation from Les Echos, please consider Paris Will Tax Empty Offices . The Paris City Council approved Tuesday a tax on commercial vacant properties.
PIMCO’s Nonsensical Inflation Analysis; "Brain Worms" Revisited Already Mihir Worah, PIMCO’s Deputy Chief Investment Officer and head of PIMCO’s real return and multi-asset portfolio management teams says Inflation Is Rising, But No Sirens Ahead .
See more here: Premature Retail Spending Hope for France and Italy, Lofty Expectations for Germany
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For discussion of income distribution, please see What’s "Really" Behind Gross Inequalities In Income Distribution? Birth Death Model Starting January, I dropped the Birth/Death Model charts from this report.