Today's daily will be a bit different, sort of a links post with a potpourri of different topics hitting the news. So far, earnings season has been relatively good, with Goldman's worries about volatility not being a big consideration. My understanding is that this is the second quarter in a row with +20% earnings growth. And that's the best since 2010, when the US economy was climbing out of a deep recession.
This Goldilocks period for the US looks set to continue. And I am keen to see what the Q2 GDP data look like. Even Germany has shown some signs of economic strength recently.
Chinese Reversing Big U.S. Real Estate Buying Spree That Had Helped Boost Prices - WSJ "Chinese investors sold $1.29 billion worth of U.S. commercial real estate in the second quarter, while purchasing only ...
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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.