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."
ekathimerini.com | 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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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills 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.