Links: 2013-05-17

From Brooklyn to California, Housing Bubble Threat Grows - Bloomberg
"The gains in some U.S. areas aren’t sustainable for a healthy market, said Dean Baker, co-director of the Center for Economic and Policy Research in Washington.“If prices keep going up at this rate for another six months, we will have a bubble, and people will get hurt,” he said in a telephone interview." | Eurozone consumer inflation drops to a three-year low in April
"Falling prices in Germany and France pulled eurozone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's downturn.The sharp drop in annual consumer inflation to 1.2 percent, confirmed by the EU's statistics office Eurostat on Thursday, highlights the risk of...

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