Brahmason's Blog

Cars average age is for the first time above 10 years ( 10.8 )

Growth clearly below 2 % of the GDP with a generally accepted trend to stay near that level

Inflation almost double of GDP indicating constant loss of richness and trend to increase debt

Current account deficit over 40.000 millions suggests that to balance deficit , dollar would need a rate against euro of 1 € = 1.70 $ and 1 $ = 85 yens

The constant critics of Obama to european southern sovereign deficits which are below american deficit are a mere instrument to convince eastern economies to buy american debt instead of european debt , because Obama knows very well that the USA with five times the liquidity in dollars really necessary in the market plus a dramatic deterioration of competitiveness , has all the merits to provide the world with the biggest shock in history if emerging countries stop buying the black hole of american debt needs .

The housing at the lowest ever mortgage rate ( about 3.85 % ) is however on continuous downhill , with american house property at 60 % .

The unemployment without any chance of a real recovery being masked with seasonal jobs far from the figures ( 280.000 ) required during a sustainable period and generated by added value companies , instead of distribution campaigning or government seasonal needs .

Brahmason