FURTHER FURTHER READING
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The chart from Goldman Sachs shows that the share of 18-34 year olds in the US who live with their parents has (possibly) peaked and started to decline.
This is the subject of much talk about the boomerang generation and Millennials and whatnot, but it also has great relevance for the recovery of the housing sector and overall economic growth. Read more
Patience in waiting for the September employment situation report was rewarded with another letdown.
Aside from a modest upward revision to the August payroll numbers, which itself was partly offset by a downward revision to July’s, there was little to feel good about in this report. Read more
David Swensen is an investing superman. His pioneering use of alternative investments after he took over the Yale endowment in 1985 prompted a thousand imitators and created an industry.
Indeed, the Yale model became the endowment model, so widely was it embraced. Then, with alternative investments legitimised as suitable for big investors, pension funds began to follow his lead, albeit tentatively. Read more
Live markets commentary from FT.com
Reading his speech from Monday though, we think there was another comment in there worth keeping an eye on.
It’s clear that the safety of the banking system is an absolutely central objective, and one which the FPC has already worked on and will continue to address. But is that enough?