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How strong is the recovery and other links

How strong is the global recovery?

The recovery seems slowest in Greece and the bubble countries (US, UK, Ireland, Spain). It’s pretty poor in Eastern Europe too. It is better in the rest of Western Europe. A good deal better in Australia and Canada (not sure about NZ). China, India and Brazil are even tightening. Other countries too. If you are thinking double dip, where are the vulnerabilities globally? I see housing, commercial real estate and state and local governments in the US. Housing and banking in the UK, Spain and Ireland and austerity in the UK. And there are always trade tensions.

• Foreclosures Rise in Three-Fourths of U.S. Cities in 2010 « HousingWire
• BBC News – California ‘fiscal emergency’ declared
• Zahlen für Juli: Arbeitslosenzahl sinkt um 20.000 | FTD.de
• FT.com – Raghuram Rajan – Bernanke must end era of ultra-low rates
• Euro zone economic sentiment rises to 28-month high | Reuters
• Baltic Dry Index Up 11% In A Matter Of Days, But Nobody Cares Anymore – The Business Insider
• Whisky Bet Pits Rosenberg Against Faber on 10-Year U.S. Yield: Tom Keene – Bloomberg

The Usual Fare

• BBC News – Fixed retirement age to be axed
• New Economic Perspectives: RAB Capital’s Marshall Auerback on the CBO’s Report
• Marc Faber: Sit Still, This Is Going to Hurt – Motley Fool
• BP Fights U.S. Government, Oil-Spill Victims Over Venue for Gulf Lawsuit – Bloomberg
• IMF Approves $15.2 Billion Loan to Ukraine After Fiscal Adjustment Pledge – Bloomberg
• The Belgian mess « naked capitalism
• The New Kindle: Smaller, Faster, Cheaper – Mashable
• Econbrowser: NOAA: Past Decade Warmest on Record
• The Real Science Gap | Miller-McCune Online
• Howard Dean: No More Apologies — It’s Time to Stand Up for Our Convictions
• BBC News – Plankton decline across oceans as waters warm
• Closing the Gap: How Desire Affects Perceptions of Distance: Scientific American
• Judge blocks key parts of Arizona immigration law – Washington Post
• The Associated Press: Oil causes 2,200 Gulf beach closings, warnings
• BBC News – Couple, aged 87 and 97, marry in north London care home
• The Last Nazi Trial?: Former Death Camp Guard Indicted – SPIEGEL ONLINE
• 1977 Murder Revisited: Former RAF Terrorist to Stand Trial – SPIEGEL ONLINE
• Russia Weighs Sale of Stakes in State Companies – NYTimes.com
• Analysis: Wall Street loathing for Warren lifts regulator bid | Reuters
• BBC News – David Cameron launches Indian trade drive
• Immigration cap is to the fore as David Cameron visits Bangalore | World news | guardian.co.uk

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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• Links: 2010-02-12 – European recovery falters and mortgage problems 12 Feb 2010
• Technical recovery won’t feel like a recovery to most 5 Jul 2009
• Action in Asia portends a strong open in Europe and North America 12 Oct 2008
• Dollar Soft Ahead Of Stress Tests As European Data Still Strong 23 Jul 2010
• Looking beyond the fake recovery 13 Aug 2009