Hard hitting global and local news
PEW Social Trends research shows a Record 21.6 Million Young Adults Live in Their Parents’ Home Here are some clips from the fascinating PEW study. In 2012, 36% of the nation’s young adults ages 18 to 31 the so-called Millennial generation—were living in their parents’ home, according to a new Pew Research Center analysis of U.S
Magazine Ad Revenues Plunge; Google Collects Half of Mobile Internet Ads; Cannibalization of Ad Market Is the advertising pie growing, shrinking, or simply being redistributed? Let’s start with a look at PEW Center research that shows News magazines hit by big drop in ad pages
The latest news from RoboHub shows World’s lightest and thinnest circuits pave the way for ‘imperceptible electronics’ .
I am normally critical of IMF forecasts, but their baseline unemployment projection for Spain of 25% or more with no more than .6% annual growth through 2017 seems reasonable. The pessimistic scenario is a toxic deleveraging downward spiral that continues right now. The optimistic scenario assumes 2% growth, but that scenario does not start until 2018, and only if labor reforms in Spain and Europe take place
Initial Reaction The establishment survey showed a gain of 162,000 jobs. The previous two months were revised lower
India Housing Bubble Still Expanding This is a guest post from by Deepak Shenoy, an economic blogger at Capital Mind in India.
My friend "BC" says How convenient, otherwise real GDP would have printed at 0.8%, prices constant. Yet, the yoy rate of real final sales per capita is below 1% for the second quarter in a row, whereas the second quarter annualized rate is near contracting. Had the deflator been reported at the rate in Q1, the yoy and 2-qtr. annualized real final sales per capita rates would have been reported as contracting
In a followup guest post on the Big Picture blog, Kotok offers More on Munis, Detroit, Bloomberg, Whitney & Wilson . In our recent commentary on municipal bonds and Detroit, we argued in favor of buying the highest-grade AAA tax-free municipal bond It currently yields more than the corresponding taxable US Treasury obligation.
Time reports Robots to Revolutionize Farming and Ease Labor Woes . On a windy morning in California’s Salinas Valley, a tractor pulled a wheeled, metal contraption over rows of budding iceberg lettuce plants
Originally posted here: Interesting Hussman Tweets on Case Shiller PE, Institutional Selling, Book Values