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

MishTalk

For households headed by someone 40 years old or younger, wealth adjusted for inflation remains 30 percent below 2007 levels on average, according to research by economists at the Federal Reserve Bank of St. The average value of housing on young families’ balance sheets remains about 35 percent below its 2007 level, the St.

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New Tools! More Pure Bank Profit!

MishTalk

Inquiring minds are monitoring the Fed''s Balance Sheet. One more week like this and the FED balance sheet will be $1 trillion more than last year at this time. Three rounds of so-called quantitative easing have enlarged the Fed’s balance sheet to almost $3.8 click on chart for sharper image.

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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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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 add to this debate with our new research, which indicates that downsizing may actually increase the likelihood of bankruptcy.

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"Treasury Bond Undervalued" Says Hoisington Second Quarter Review; Path to Fiscal Ruin

MishTalk

Rather than repairing its balance sheet by reducing debt, the U.S. Implications for 2014-2015 In previous letters we have shown that the largest economies in the world have a higher total debt to GDP today than at the time of the Great Recession in 2008. percentage points from 2008. Total debt rose to 349.3%

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

Historical evidence shows that this rarely happens following a balance sheet recession. In addition, official statistics may underestimate intangible investment (spending on research and development, training, etc), which has been gaining importance in serviced-based economies. Financial cycles differ from business cycles.

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Mish's Global Economic Trend Analysis: China Manufacturing.

MishTalk

Commenting on the China Manufacturing PMI™ survey, Hongbin Qu, Chief Economist, China & Co-Head of Asian Economic Research at HSBC said: “Falling orders and rising inventories added pressure to Chinese manufacturers in June. December 2008 (85). November 2008 (78). October 2008 (108). September 2008 (140).