Is "bubble after bubble" the only way out?
Interview of Ken Rogoff:
Bernanke put
Republican senator, Jim Bunning, strongly opposes the re-nomination of the Fed Chairman, Ben Bernanke. Some of his critique are quite sensible. The Fed’s biggest mistake, in my view, is it did not act proactively to stop the housing bubble.
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Not the best decade for stock returns
Stock investing in historical perspective:
(click to enlarge; courtesy of BeSpoke Investments)
China’s biggest threats
How Chinese perceive the biggest threats:
(click to enlarge)
Which country is the most desired to receive their education, in Chinese eyes:
whole report is here.
Cost of home ownership
A Great chart on the history of cost of home ownership (courtesy of Visual Economics).
As measured by the percentage of income devoted to mortgage payment, we are at historical low. This is a great time to own a house.
Caution to house speculators: do not hope for a quick price recovery.
(click to enlarge)
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