April 12, 2013

Overnight Insights from the World of Finance and Economics

1. World Bank Warns of Second Arab Spring Due to High Unemployment
“As well as a source of frustration, the high level of joblessness translates into high levels of vulnerability,” said a latest report issued by the World Bank on Thursday. “The region still has large numbers of people living below the poverty line, around a quarter of the population in many instances.”

2. Transcript of Michael Burry's UCLA Speech
 Mainstream economists and finance practitioners, please check your premises. You have contradictions before you.

3. Robert Reich: On the Bi-partisanship We DON'T Need
John Boehner, Speaker of the House, revealed why it’s politically naive for the President to offer up cuts in Social Security in the hope of getting Republicans to close some tax loopholes for the rich. “If the President believes these modest entitlement savings are needed to help shore up these programs, there’s no reason they should be held hostage for more tax hikes,” Boehner said in a statement released Friday. 

4. The State of Canadian Housing
Better than expected housing starts.

5. The Class War has Begun
Obama is waging it against the rich. The Republicans are waging it against the poor.