Durable Goods Drop 1%
From Marketwatch:Weakness in many categories of built-to-last products drove orders for new U.S.-made durable goods down by 1.0% in June, the second straight monthly decline and the biggest drop in 10 months, the Commerce Department reported Wednesday. Excluding...
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Durable Goods Drop 1%
From Marketwatch:Weakness in many categories of built-to-last products drove orders for new U.S.-made durable goods down by 1.0% in June, the second straight monthly decline and the biggest drop in 10 months, the Commerce Department reported Wednesday. Excluding...
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Comment on The EUs Relaxed Approach to Bank Stress Testing by Brian Lucey
@Tull “Brian Lucey calls Stress Tests a charade. Another one for the archive. I am with you on this. The loan loss assumptions are reasonable across Europe. Sovereign Default is an academic obsession. Who knows if or when anybody will default or restructure....
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Hooray for bad news
Free exchange Housing markets R.A. | WASHINGTON Except the news is actually bad Images: STRANGELY enough, many news outlets have reported todays figure on new home sales for the month of June in a positive fashion. Bloomberg, for instance, noted:U.S. stocks...
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US Law Requires Conflict Minerals Disclosure from Electronics Manufacturers
The Democratic Republic of Congo is the eye of the storm for these conflict minerals. The resource rich nation of 70 million people has already suffered decades of conflict, and the new riches have only exacerbated the problem for many of its citizens. Mines...
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Dollar and Euro Switching Places As Europe Strengthens
From Bloomberg:The combination of growing confidence in Europes economy and mounting evidence of a slowdown in the U.S. is driving euro bears into hiding. After tracking the euros slide from about $1.45 at the beginning of 2010, the median forecast of currency...
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Monetary Policy and Inflation in India
The Reserve Bank of India (RBI) on Tuesday... raised the repo rateat which it lends to commercial banksby 25 basis points (bps) to 5.75%. The reverse repo rateor the rate at which banks park excess cash with RBIhas been raised by 50 bps to 4.50%....Inflation...
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Fed's Beige Book: Activity continued to increase, "steady" in some districts
Note: This is based on information collected on or before July 19, 2010.From the Federal Reserve: Beige bookEconomic activity has continued to increase, on balance, since the previous survey, although the Cleveland and Kansas City Districts reported that the...
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RBI Q1 FY10 Monetary Policy Preview and Expectations
The Reserve Bank of India (RBI) will release the Q1 review of the monetary policy and macro-economy today (July 27, 2010) at 11.30 AM . Market participants expect RBI to increase both the repo and reverse repo rates by 25 basis points (bps) each to 5.75% and...
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1/2 of All China's Water is Too Polluted to Drink
Actual water samples collected from China's rivers and lakes. And 1/4 is entirely unusable Even given our general knowledge of China's longstanding problems with pollution, this news is staggering: A full one half of China's water has been rendered undrinkable...
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SABEW issues statement regarding new SEC regulations
Rob Reuteman, president of the Society of American Business Editors and Writers, issued this statement Wednesday in reaction to new laws allowing the federal Securities and Exchange Commission to ignore public and press requests for government documents in...
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DeLong Smackdown Watch: Beveridge Curve Edition
Robert Waldmann:David Altig Says That Our Cyclical Unemployment Has Started to Turn Structural: Shorter Brad DeLong:Terrible news, there are lots more job openings in the USA than there were a year ago.Huh? I'd say that job openings are good news. Would you...
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