Western housing markets: The 2015 big collapse… begins from 2012
Three trends are now converging, enabling to anticipate a collapse in property prices (of at least 30%) in 2015 in most Western markets which have risen sharply in the last ten years:
. The first trend is demographic, and therefore inescapable in such a short term: the retirement of the core of the baby boomers.
. The second is tied to changing interest rates in most Western countries which, as a result of the Western solvency crisis and the failure of the policy of liquidity injections, will rise sharply.
. The third is related to the inability, for lack of available public funds, of Western states to counteract the two previous trends.
LEAP/E2020 (Excerpt GEAB N°56 - June 16, 2011)
'Nous sommes en train de perdre en Libye'
Les occidentaux pourraient trés bien perdre la guerre en Libye et se retrouver à la fois avec Mouammar Kadhafi fermement accroché à son pouvoir sur l'ouest du pays et la rebellion passant sous le controle des elements islamistes. Un scénario catastrophe qui semble aujourd'hui trés vraisemblable à l'ancien ambassadeur des Etats-Unis à l'ONU, John Bolton, qui l'expose longuement dans une tribune publique par le site The Daily Beast.
Slate.fr
P
IMCO sees debt ceiling catastrophe
PIMCO CEO Mohamed El-Erian says that if politicians fail to agree on the debt ceiling and the U.S. can't repay its loans, we could face a 'catastrophic' situation triggering legal contracts.
CNN MOney
Executive summary - What agenda for a Euro-BRICS summit by 2015?
Barely four or five years ago, the Europeans were only holding bilateral discussions with each of the BRICS, and generally did so unilaterally laying down the limits of the debate even imposing the subject matter, at least on large global issues (global governance, climate, trade, economics, finance, ...). Today, after three years of crisis that has left the West in tatters and plunged Europe into a serious crisis, whilst the BRICS are stepping out economically, a discussion with all five BRICS requires from the Europeans humbleness openness, an ability to listen and, consequently, discovery.
LEAP/E2020
Austerity engulfs the high street
Thorntons joins growing list of casualties in a week of retail misery that could cost 10,000 jobs. More than 10,000 retail jobs face the axe as the British high street faces one of its most painful bouts of contraction since the second world war amid the biggest squeeze on household budgets for decades.
The Guardian
Horrible 5 Year Auction Sends Treasury Complex Into A Tailspin, 5 Year Yield Surges 22 Bps In Two Days
It has been a long time since we had seen a 5 Year auction as ugly as today's: printing at a 1.615% high yield, the 5 Year had a 3.5 bps tail off the bat to the 1.58% WI where it was trading before. The internals were just as ugly, with the Bid To Cover coming at 2.59 a plunge from May's 3.20, and the lowest since June 2010.
ZeroHedge
Public sector pensions strike threatens holiday chaos
Hundreds of thousands of travellers can expect long queues at passport control because 70 per cent of UK Border Agency staff are members of the striking Public and Commercial Services Union (PCS).
Telegraph
Germany pledges to dramatically boost trade with China
German Chancellor Angela Merkel has announced plans for a major increase in trade with China, as Chinese Premier Wen Jiabao concludes his European tour in Berlin. Multibillion euro business deals have been secured.
Deutsche Welle
Three trends are now converging, enabling to anticipate a collapse in property prices (of at least 30%) in 2015 in most Western markets which have risen sharply in the last ten years:. The first trend is demographic, and therefore inescapable in such a short term: the retirement of the core of the baby boomers.
. The second is tied to changing interest rates in most Western countries which, as a result of the Western solvency crisis and the failure of the policy of liquidity injections, will rise sharply.
. The third is related to the inability, for lack of available public funds, of Western states to counteract the two previous trends.
LEAP/E2020 (Excerpt GEAB N°56 - June 16, 2011)
'Nous sommes en train de perdre en Libye'
Les occidentaux pourraient trés bien perdre la guerre en Libye et se retrouver à la fois avec Mouammar Kadhafi fermement accroché à son pouvoir sur l'ouest du pays et la rebellion passant sous le controle des elements islamistes. Un scénario catastrophe qui semble aujourd'hui trés vraisemblable à l'ancien ambassadeur des Etats-Unis à l'ONU, John Bolton, qui l'expose longuement dans une tribune publique par le site The Daily Beast.
Slate.fr
P
IMCO sees debt ceiling catastrophe PIMCO CEO Mohamed El-Erian says that if politicians fail to agree on the debt ceiling and the U.S. can't repay its loans, we could face a 'catastrophic' situation triggering legal contracts.
CNN MOney
Executive summary - What agenda for a Euro-BRICS summit by 2015?
Barely four or five years ago, the Europeans were only holding bilateral discussions with each of the BRICS, and generally did so unilaterally laying down the limits of the debate even imposing the subject matter, at least on large global issues (global governance, climate, trade, economics, finance, ...). Today, after three years of crisis that has left the West in tatters and plunged Europe into a serious crisis, whilst the BRICS are stepping out economically, a discussion with all five BRICS requires from the Europeans humbleness openness, an ability to listen and, consequently, discovery.
LEAP/E2020
Austerity engulfs the high street
Thorntons joins growing list of casualties in a week of retail misery that could cost 10,000 jobs. More than 10,000 retail jobs face the axe as the British high street faces one of its most painful bouts of contraction since the second world war amid the biggest squeeze on household budgets for decades.
The Guardian
Horrible 5 Year Auction Sends Treasury Complex Into A Tailspin, 5 Year Yield Surges 22 Bps In Two Days
It has been a long time since we had seen a 5 Year auction as ugly as today's: printing at a 1.615% high yield, the 5 Year had a 3.5 bps tail off the bat to the 1.58% WI where it was trading before. The internals were just as ugly, with the Bid To Cover coming at 2.59 a plunge from May's 3.20, and the lowest since June 2010.
ZeroHedge
Hundreds of thousands of travellers can expect long queues at passport control because 70 per cent of UK Border Agency staff are members of the striking Public and Commercial Services Union (PCS).
Telegraph
Germany pledges to dramatically boost trade with China
German Chancellor Angela Merkel has announced plans for a major increase in trade with China, as Chinese Premier Wen Jiabao concludes his European tour in Berlin. Multibillion euro business deals have been secured.
Deutsche Welle
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