The Mess That Greenspan Made

Our National Parks

In advance of the official start of summer on this Memorial Day weekend, Five Thirty Eight took a look at visitation and other statistics related to the nation’s official playgrounds as the National Park Service gets ready to celebrates its 100th anniversary on August 26th.

Interestingly, while living in the Western U.S. for the last 35 years and seeing data similar to that shown above with impressive visitation numbers for Great Smokey Mountains NP, we had wondered what lied behind those numbers.

So, some years ago, we passed through that area to have a look around and – voila! – at the north entrance to GSM NP we found a veritable amusement park  heaven – really, an unbelievable collection of hotels, water slides, zip lines, go cart tracks, and the like – that – just speculating here – is the real draw for that area.

Friday Morning Links

Brexit ’serious risk to growth’ says G7 – BBC
Abe claims success as G-7 leaders back action on economies – AP
Bankers to share desks as part of financial world’s cost-cutting – Telegraph
Billionaire’s revenge: Peter Thiel’s nine-year Gawker grudge – Guardian
Seventeen Words That Spelled Trouble for Hillary Clinton – New Yorker
How Would a Donald Trump Presidency Affect Your 401(k)? – NY Times
Whether Trump or Clinton, Anxiety Creeps Into U.S. Stock Outlook – Bloomberg
Bernie Sanders tells Disney: ‘Bring Mickey Mouse home’ – Guardian
Dump Trump? Some millennials aren’t so sure – AP
Why Do We Ignore Obvious Dangers? – Observer
The Dow: An Index of Winners – The Atlantic
“Rage room” therapy in Houston – Guardian

Stocks: 4 things to know before the open – CNN/Money
What traders will be watching before heading to the beach – CNBC
Apple and 11 other stocks blow past the $100 barrier – USA Today
What $50 oil means to producers and the Fed – MarketWatch
Battle Inside OPEC Eases as Saudi Oil Strategy Finally Pays Off – Bloomberg
Currency traders told not to cheat and to keep chatting to authorities – Telegraph
Earnings fall at fastest rate since the Great Recession – MarketWatch
Gold heads for fourth weekly drop as U.S. rate view weighs – Reuters
Gold Prices Should Rise Above $1,900/oz -“Get In Now!” – GoldCore
Gold Investors Await Yellen’s Signals After Another Losing Week – Bloomberg

Have U.S. Wages Stagnated? Probably Not – RCM
Finding Better Ideas to Rebuild America – Bloomberg
Vladimir Putin: Russia’s Most Popular Man – Bloomberg
China and US clash over cheap steel imports – BBC
Muzzling Brussels: Why EU Leaders Aren’t Debating Brexit – Spiegel
Crisis-ridden eurozone matters less and less to UK – Telegraph
High cost of home ownership exposes strains in Canada’s housing market – BNN
America’s 20 Hottest Real Estate Markets for May 2016 –
Fed’s Yellen may send interest-rate message by not making one – MarketWatch
Central Banks Can’t Go It Alone Anymore – Bloomberg


Maybe 1960 is the Outlier…

Much is being made of this Pew Research report indicating that the number one accommodation option for the 18-to-34 year old age group is to live at home – either moving back in after a brief foray into the real world (or college), or, in many cases, never leaving.

But, looking at the graphic below, it seems that we’re just returning to the more traditional patterns with the 1960 sample being the exception, not the rule.

The marriage spike in 1960 is unusual as well – just what was going on in 1960?


Thursday Morning Links

World oil prices back at $50 – CNN/Money
Oil hits $50 a barrel for first time this year – BBC
Japan’s Abe: Commodities signal Lehman-sized meltdown – MarketWatch
Millennials’ Most Common Roommates: Their Parents – Atlantic
It’s Time to Add Alzheimer’s to the List of Global Pandemics – Fiscal Times
Insurers seek hefty rate increases for ACA coverage – Pittsburgh Post Gazette
Texas Immigration Facility to House Transgender Detainees – ABC News
Getting the Libertarians Into Presidential Debates Via Lawsuit –
What the new IG report on Hillary Clinton’s emails actually says – Vox
Police outnumber protesters outside Trump California rally – CSM
Trump’s Swipe at Martinez Alarms GOP – Real Clear Politics
A Four-Way Race for President Is Possible – National Review
Trump, Sanders seemingly agree to debate – Politico

Stocks: 4 things to know before the open – CNN/Money
Secrets of the Dow Jones Industrials – MarketWatch
U.S. Treasuries: What If…? – Value Walk
Memorial Day heats up stocks – for a few days – USA Today
At Swinging Wall Street Parties, the Feds Are Now on the Prowl – Bloomberg
Five reasons the market is ignoring the Fed about rate hikes – MarketWatch
Hedge Funds May Lose 25% of Assets, Blackstone’s James Says – Bloomberg
Gold up on lower dollar, U.S. rate rise views limit gains – Reuters
ETF investors pile in despite worst gold price run in 6 months –
Gold Imports by China Decline as Property Revival Damps Demand – Bloomberg

Growth Surprises Drop With Faster Data Releases – WSJ
Why the global trade slowdown may matter – voxeu
Lending in China Is So Risky That Cows Are Now Collateralized – Bloomberg
The thing that can shatter India’s dream of double-digit growth: rising oil prices – Quartz
A stunning 37% of Japanese millennials expect to work until they die – CNN/Money
Paris Retailers Give Free Meals, Haircuts, and Toothbrushes to the Homeless – Vice News
Housing Madness: 57% of Homes in This U.S. City are Worth $1M+ – Visual Capitalist
Household debt and house prices – mainly macro
The Macro Effects of the Recent Swing in Financial Conditions – New York Fed
The Fed’s Amazing Self-Fulfilling Forecast – Bloomberg


Trump Protest in Albuquerque

In advance of his visit to the Treasure State (i.e., here in Montana), the BBC reports on the latest Trump protest, this one occurring last night in New Mexico.

It’s shaping up to be an interesting summer – as the weather warms (and the national election news coverage heats up), the natives will get even more restless…

Page 1 of 84912345102030...Last »
© 2010-2011 The Mess That Greenspan Made