In today’s issue of Breakfast with Dave
….read the summary HERE….read the Full Article HERE
• While you were sleeping: European bourses starting off the week on a positive note, but mixed action in Asia; government bonds are getting whacked pretty hard in Europe, but U.S. Treasuries are stable
• Not much out of G20 but the key takeaway is the acknowledgement for fiscal restraint
• The Third Depression, this is the title of Paul Krugman’s article in today’s NYT; his view on the current cycle is on the market: a deflationary depression
• A look back in time … no happy returns for the equity market
• Oh Canada! The opposite direction that Canada and the U.S.A. are going is rather striking
• Is Britain the poster boy for fiscal renewal? Only time will tell
• Deflation is the primary risk ahead
• Deleveraging at its penultimate
• Double dip in the U.S.? What flavour?
• U.S. housing still in disarray
• Diminishing returns and dealing with pension changes in the U.S.