"Piety requires us to honor truth above our friends." ~ Aristotle
Research:
Three data points — gender, birth date, and ZIP code — can identify 87 percent of Americans. ~ allanalytics
Did Housing Policies Cause the Postwar Boom in Homeownership? ~ ST Louis Fed
- “For example, the expansion in maturity of the fixed-rate mortgage to 30 years can account for 25 percent of the increase. Housing policies, such as the introduction of the mortgage interest deduction, can account for 13 percent of the increase in homeownership.”
- But the unlimited cheap money from the Federal Reserve had nothing to do with it?
- Subsidies can be looked upon as another form of credit, and when allocated by political decisions and guided by votes, leads to bubbles and busts. It’s my favorite bubble indicator.
Each 10% increase in U.S phone aid increases violent civil conflict by 1.14% – Nunn and Qian ~ warloards fight over the payload
List of cognitive behavioral biases ~ Wikipedia
World:
France 1st-Half Mortgage Lending Slumps 33%, Les Echos Reports ~ Bloomberg
EFSF Assistance Without ECB Support Won’t Relieve Market – Goldman Sachs ~ EFX news
Cronyism and energy loan guarantees: Double-Dipping on the Taxpayers’ Dime ~ USNews
War and debt: Glencore, Vitol, Gunvor and Trafigura in oil and Cargill, Louis Dreyfus and Bung go to work ~ Reuters
China:
Chinese banks’ off-balance sheet assets now RMB 39t, up 18% from a year ago, and equivalent to 83% of GDP ~ AlsoSprach
Capital Outflows Chime With China’s Bears ~ Epoch Times
CEIBS Prof Xu Xiaonian: "Loosening monetary policy now is like watering the plant when it’s raining." ~ China Daily
Loan sharks thriving, charging 10%/month due to growing China credit crisis, despite policy easing ~ Want China Times
The biggest problem China faces: The rise of 3D printers — 3-D Printing and Nano and Robots ~ Climateerinvest Blog
