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Millennials Mired in "Wealth Gap" as Older Americans Gain; Housing Crash Continues to Overshadow Young Families' Balance Sheets

MishTalk

percent as of the fourth quarter 2013 from the end of 2007, Census data show. The average value of housing on young families’ balance sheets remains about 35 percent below its 2007 level, the St. Housing Crash Continues to Overshadow Young Families'' Balance Sheets And so here we are. percentage points to 60.9

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Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation?

MishTalk

Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? Fed Balance Sheet vs. Stock Market. The risk premiums of risky securities have become unsustainably compressed in the process, and the Feds balance sheet has metastasized to $3.5 Trading Psychology Weblog. Trim Tabs - Bidermans Daily Edge.

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The age old tale of financial crises

Tom Spencer

The story of the 2008 financial crisis begins somewhere shortly after the death of Jesus Christ himself. The 2008 financial crisis saw Ben Bernanke, the then chairman of the Federal Reserve, providing money to banks across the United States following the collapse of the housing market and subsequent defaults of mortgage backed securities.

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Persistent Overoptimism Three Ways: Truckers, Fed Economists, Manufacturers

MishTalk

UPS Freight , the fifth-largest LTL, reported tonnage off 10 percent (matching the record decline reported in the 2009 3Q during the depth of the Great Recession) and shipments down 5 percent year over year (the worst drop since 2008 fourth quarter). Overoptimism 2008-2010 The SEP growth forecast for 2008 never turned negative.

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European Banks Dump Massive Amounts of Subordinated Debt on Investors

MishTalk

It is the highest such volume since the $122.4bn seen in 2008 according to Dealogic, the data provider. Details show the alleged rainy-day fund is a pathetic €12.5bn of joint funds not available until 2020, even though 128 banks covered in the agreement have an aggregate balance sheet somewhere between €26 trillion and €27 trillion.

Banking 71
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If You Think Downsizing Might Save Your Company, Think Again

Harvard Business

During the Great Recession of 2008, companies around the world downsized their workforces. American firms alone laid off more than 8 million workers from the end of 2008 to the middle of 2010. We sought to investigate whether these effects could increase the likelihood that firms would declare bankruptcy.

Company 28
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Mish's Global Economic Trend Analysis: Michael Pettis on the China.

MishTalk

We will need to wait for the next PBoC data release in July to see whether excess reserves went up in June, although we will only get month end numbers, which won’t tell us much about what happened last week. the country’s balance sheet, and this will mean not a collapse but. December 2008 (85). May 2008 (73).