Wednesday, September 26, 2012

Today's links

1--Labor's Declining Share of Income and Rising Inequality, economists view

2----Ralph Nader: Obama’s a ‘War Criminal’, Info clearinghouse

3--Robert Shiller: Canada Is Becoming A Slow-Motion Version Of The US Housing Bust, Business Insider

4--Euro Update: The Perils of Pointless Pain, NYT

5--Managing shadow inventory – California home prices up 12 percent year-over-year while household incomes remain stagnant., Dr Housing Bubble

6--After Brief QE3 Fever, Inflation Expectations Cool, WSJ

7--In Europe, It’s Debt vs. Jobs, naked capitalism

8--Credit Markets are Reversing the QE3 Euphoria, sober look

9--About that housing recovery, pragmatic capitalism

 I’ve been saying we’d avoid a recession in 2012 for a long time now and the fact that housing stopped bleeding has played a big role in that call, but let’s not go crazy and start declaring victory in the real estate market when the evidence very clearly shows that real estate remains mired in a deep slump. It’s great that there are signs of life and it’s stopped collapsing, but let’s maintain some perspective here as well.

10--Philly Fed Flashes a Recession Warning, pragmatic capitalism

11--Europe strengthens repressive powers of the state, WSWS

12--U.S. Distrust in Media Hits New High, Gallup
Go figure

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