-
Durable Goods Drop 1%
Found on The Economic Populist - Speak Your Mind One Dime at a Time on Thu 29th Jul 10
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
-
Durable Goods Drop 1%
Found on The Economic Populist - Speak Your Mind One Dime at a Time on Thu 29th Jul 10
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
-
Comment on The EUs Relaxed Approach to Bank Stress Testing by Brian Lucey
Found on Risk Watchdog on Thu 29th Jul 10
@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.
-
Hooray for bad news
Found on Free exchange on Thu 29th Jul 10
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
-
How Long Will Interest Rates stay at Zero?
Found on Economics Essays on Thu 29th Jul 10
Already, one member of the MPC, Mr Sentance, has voted for an increase in interest rates. Mr Sentance argued for a rise in rates from 0.5% to 0.75%. His logic is that inflation is in danger of becoming normalised at above target. Also, if rates are left too
-
US Law Requires Conflict Minerals Disclosure from Electronics Manufacturers
Found on TreeHugger on Thu 29th Jul 10
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
-
Comment on The EUs Relaxed Approach to Bank Stress Testing by Michael Hennigan - Finfacts
Found on Comments for The Irish Economy on Thu 29th Jul 10
How many of these housing price forecasts have been plucked from the air?The average includes a glut of shobox apartments and at the other end of the market, expensive houses that went to ridiculous levels?Commercial property returns fell 1.4% in Q2 but there
-
Conference: China in the Global Economy
Found on Econbrowser on Thu 29th Jul 10
Recently, I had the pleasure of participating in a CES-ifo workshop on "The Evolving Role of China in the Global Economy," co-organized by Yin-Wong Cheung and Jakob de Haan. The conference agenda is here. The paper topics spanned issues ranging from monetary
-
Dollar and Euro Switching Places As Europe Strengthens
Found on The Bonddad Blog on Thu 29th Jul 10
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
-
Europe's Two-Speed Economy: North Vs. South
Found on DealBook on Thu 29th Jul 10
The danger of a two-speed recovery across the 16-member euro zone, economists warn, is getting worse with every new notch of belt-tightening that European governments apply to reduce high debts and deficits.
Explore