Stacy Summary: Sorry I was late posting this; spent the day at the Russian embassy . . . and lots of running around in the rain.
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Stacy Summary: Fascinating charts (via Mish) on least and most affordable housing in the world. Needless to say, Canada, Australia, UK and US dominate in the ‘least affordable’ category. But I was surprised that they TOTALLY dominated. I expected at least one of say Paris, Amsterdam, Moscow, Hong Kong or Singapore to be on the least affordable list? (I might add, the US also dominates the ‘most affordable’ list). (Update: France is not included in the list of countries/cities in the housing index).
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Stacy Summary: Lloyd Blankfein ‘expecting $100 million bonus.’ Well, if you check out how all the London-based oligarchs live with extreme security and protection, while it appears to be very easy to steal the wealth of a nation (just have to pay off a politician or two), it seems terribly expensive to protect your ill-gotten gains.
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