Good morning. And the winner is….

 

(www.fd.nl)

 

And some comments in the media. Pro-Europe is the key message

·         http://online.wsj.com/article/SB10000872396390444426404577647883982918206.html

·         http://www.cnbc.com//id/49000182

·         http://www.ft.com/intl/cms/s/0/56241184-fd0f-11e1-a4f2-00144feabdc0.html

·         http://fd.nl/economie-politiek/908309-1209/erfenis-pim-fortuyn-bemoeilijkt-coalitievorming (thks @maratom) 

 

New Core Logic numbers show that ‘only’ 22.3% of mortgages have a negative home equity. Down from 23.7%

·         http://www.calculatedriskblog.com/2012/09/corelogic-negative-equity-decreases-in.html

 

Some more background I asked, some more background I got: Junk bonds yields have dropped to the lowest level ever. But what about spreads? (via @phouweling)

·         http://online.wsj.com/article/SB10000872396390444273704577637790387902270.html

 

In the long run, we are all rich. Or was it something else?

·         http://www.ritholtz.com/blog/2012/09/sp-total-return-index-2/

 

The new census numbers on income for the US are out

·         http://www.census.gov/newsroom/releases/archives/income_wealth/cb12-172.html

·         http://www.ft.com/intl/cms/s/0/ed14fc70-fc51-11e1-aef9-00144feabdc0.html

&m
iddot;         http://www.theatlantic.com/business/archive/2012/09/the-end-of-mens-earnings-growth-the-30-year-tragedy-of-male-wages/262296/

 

Mind the gap. Sure. But do not jump to strange conclusions because of it…

·         http://www.bondvigilantes.com/blog/2012/09/12/is-the-federal-reserve-running-out-of-ammo-and-if-so-what-does-this-mean-for-financial-markets/

 

Developing versus developed. Ten years ago it was the other way round…

·         http://www.businessinsider.com/gundlach-charts-euro-crisis-2012-9

 

The consensus view seems to be that the fiscal cliff will be pushed forward. This post is somewhat less bullish…

http://www.bloomberg.com/news/2012-09-11/walker-says-u-s-budget-deal-unlikely-for-at-least-a-year.html

·         http://www.bondvigilantes.com/2012/09/12/is-the-federal-reserve-running-out-of-ammo-and-if-so-what-does-this-mean-for-financial-markets/

 

This might come in handy at some point in time: the key facts on ESM

·         http://blogs.wsj.com/brussels/2012/09/12/key-facts-about-the-esm /

 

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