This is a second daily commentary today to give some weight to what's happening in the US after a slew of European-themed posts. I have three or four topics to cover here and I want to begin with the US economy including some thoughts on the housing market, demand for credit, and the Fed's policies and regulations. I also want to connect this back to the 2013 variant of the global growth slowdown where Europe is leading the way. I have a bunch of links at the end that highlight most of these issues.
Let's start with the data coming out of the US. Most of the data is poor, so poor in fact that my timeline for the Fed's tapering quantitative easing in June and ending it at year end may have to be revised back. Remember, the data was above expectations but has begun lagging a lot. Lot...
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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.