We had a dip in the Obama favorability numbers.
I looks to be gone now.
The Greek Parliament looks to have accepted the austerity deal.
To do it the coalition expelled a large number of members.
The numbers are not yet clear to me. I have not found a trusted report.
I think they are about to have another election.
MR Kamala has posted a classic "Nigerian" scam.
I have not seen one for several years. I found that I had not put Adobe Reader on that machine after the rebuild. Adobe Reader as issued is incompatible with my operating system. Adobe makes an earlier build available on the repair site.
Greg Montoya says: "Life Changing".
Yours is for certain.
I hope mine soon will.
Sooner is better. As soon as you can is best.
The best extended warranty is health care. I will get some.
I am not interested in criminal records.
My funds are with trusted agents. Madoff's clients probably said the same.
Greg Montoya is persistent. I will not respond to his blandishments.
I do not want a sales job or a loan. I want to get on with the study of
aesthetics as a practice. The traditional theories are correct only accidentally. I not only want to make art but good looking art.
webt zzzzzzzt is another scamer. He thinks everyone has Office.
When a process server shows up at the door with a check I will deposit it.
Just happy talk:
Recession and recovery: how Britain's economy has fared
25 Oct 2012
| Comment
Bundesbank slashed London gold holdings in mystery move
24 Oct 2012
| 174 Comments
This is an assault on living standards set to run and run
24 Oct 2012
| 68 Comments
Debt crisis: as it happened - October 24, 2012
ECB President Mario Draghi has defended his bond-buying plan to ease the eurozone's debt crisis, telling German lawmakers that bond purchases won’t fuel inflation, jeopardize the bank’s independence or put taxpayer money at risk.
24 Oct 2012
| 456 Comments
Greek parliament in chaos over revised bailout plan
24 Oct 2012:
Finance minister backtracks after telling MPs he had secured a two-year extension for debt repayments
http://bonddad.blogspot.com/2012/10/bonddad-linkfest_24.html
Wednesday, October 24, 2012
Bonddad Linkfest
- EU consumer confidence at -24.2 (Eurostat)
- Richmond Fed manufacturing at -7 (Richmond Fed)
- Australian inflation at 1.4% for the quarter, 2% YOY (ABS)
- China manufacturing PMI at 49.1 (Markit)
- European PMI hits 40 month low (Markit)
- And now the earnings cliff (The Street)
- Data points to deepening EU crisis (FT)
- US results raise fresh fears for economy (FT)
- Home prices up .7% (BB)
- Ukraine confirms wheat export ban (BB)
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Krugman:
The Economic Consequences of Mr. Osborne
Schularick and Taylor
have an update to their article on post-crisis economic performance.
They previously showed that the United States is doing a bit better than
one might have expected from the historical record. Now they show that
the UK is doing significantly worse:
Their exegesis:
The pink range indicates the expected recovery path. As we noted in our original column, the US exceeds expectations here. The US growth path manages to emerge from and stay above the predicted range by years 3-4-5 (i.e. 2010–12). In contrast, the UK path is disappointing, and can’t really be called a recovery yet.Gee, remember the enthusiasm with which the Cameron/Osborne turn to austerity was greeted by VSPs on both sides of the pond, with David Broder urging Obama to “do a Cameron”?"
Even using the maximal measure of excess credit based on bank and shadow bank data to bias the forecast path down as far possible, it is still not possible to account for the UK’s dismal performance. The UK was on a similar path to the US in years 1-2 (2008–09), but falls well behind the US in years 3-4 (2010–2011), only to drop below the forecast range in year 5 (2012).
…
Future economic historians will debate whether US policy in recent years can take some credit for supporting the economy at a level above a range of plausible alternative paths. But the UK’s policy choices will not find refuge so easily, since there the output path has now diverged below what a wide range of plausible historical projections might excuse.
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