Garry Shilling’s monthly Insight (subscription only), is my single favorite economic update. Experienced, detailed and independent of any financial sales arm, Shilling is one of the rare few able to assess global trends objectively. His latest Bloomberg appearance in October, is a worthwhile watch and covers some of the key forces now dominating global markets.
Gary Shilling previews today’s markets and discusses his investment ideas with Betty Liu on “In The Loop.” Here is a direct video link.
More criminal activity acknowledged within Jamie Dimon’s ‘fortress’ as bank execs hide behind the company’s multi-billion-dollar legal defense team.
JPMorgan, the biggest U.S. bank, is facing a criminal probe in the U.S. into the firm’s foreign exchange business. Here is a direct video link.
Weak wage growth, expensive home prices, utilities, taxes and upkeep, along with high household debt and low savings levels, are all excellent reasons not to buy a house.
The solution is to rent, split costs and share with room-mates or family until one is able to pay down debt and build up savings and eventually amass a down payment to buy a home when the facts make good financial sense to do so. Those suggesting the answer lies in lowering lending standards and reducing down payment requirements even further in order to allow people to buy homes sooner are dangerous and clueless or wilfully blind about how the world got into its current debt mess in the first place. Here is a direct video link.
Cory’s Chart Corner
