'Dr. Copper' Has Raised Doubts About Recovery

'Dr. Copper' Has Raised Doubts About Recovery

Published: Tuesday, 12 Mar 2013 | 1:24 PM ET
By: Jeff Cox
CNBC.com Senior Writer

Both the stock market rally and economic recovery are missing what historically has been a key element - a house call from "Dr. Copper."

http://www.cnbc.com/id/100546529

Bloomberg: Geithner Calls China’s Changes on Yuan Very Significant

Bloomberg

Geithner Calls China’s Changes on Yuan Very Significant
By Ian Katz

U.S. Treasury Secretary Timothy F. Geithner said China’s decision to widen the yuan’s trading band against the dollar reflects changes that are “very significant and very promising.”

Bloomberg: China Soft Landing May Be Hard for Commodity Exporters

Bloomberg

China Soft Landing May Be Hard for Commodity Exporters
By Bloomberg News - 2012.03.25 06:41 PM

The good news: China’s government will engineer a soft landing. The bad news: Even a soft landing is painful for industries that have become dependent on the world’s fastest-growing major economy as their main profit engine.

Bloomberg: Sales of Existing U.S. Homes Probably Fell as Lack of Jobs Hurt Confidence

Bloomberg: Sales of Existing U.S. Homes Probably Fell as Lack of Jobs Hurt Confidence
By Bob Willis - 2011.10.19 09:00 PM

Sales of existing U.S. homes probably fell in September, extending a pattern of gains and losses that shows the industry is being buffeted by a lack of jobs and confidence, economists said before a report today.

Bloomberg: Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen

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Homebuyers Hunker Down as Real Estate’s Drag on U.S. Economy May Worsen
By Kathleen M. Howley - Aug 21, 2011 08:00 PM

Sanjay Jain called his real estate broker four days ago to cancel a deal to buy a three-bedroom home in Folsom, California, unnerved by another plunge in the most volatile equities market on record.

Bloomberg: Growth Forecasts for U.S. Cut at Citigroup, JPMorgan Amid Global Slowdown

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Growth Forecasts for U.S. Cut at Citigroup, JPMorgan Amid Global Slowdown
By Scott Hamilton - Aug 19, 2011 04:27 AM

Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) cut their U.S. growth forecasts as the global economy slows and officials struggle to stem Europe’s sovereign-debt crisis.

Bloomberg: Homebuilding in U.S. Probably Fell as Sales Dropped, Foreclosures Climbed

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Homebuilding in U.S. Probably Fell as Sales Dropped, Foreclosures Climbed
By Shobhana Chandra - Aug 16, 2011 04:00 AM GMT

Builders probably began work on fewer houses in July, showing residential real estate is failing to contribute to U.S. growth two years into an economic recovery, economists said before a report today.

Bloomberg: Cut in Household Spending Points to Recession

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Cut in Household Spending Points to Recession
By Shobhana Chandra and Steve Matthews - Aug 11, 2011 04:01 AM GMT

Recession signals in the world’s largest economy are flashing red again.

Bloomberg: Fed Data Cruncher Finding No New Normal Unemployment Nationwide

Fed Data Cruncher Finding No New Normal Unemployment Nationwide
By Vivien Lou Chen - Jul 11, 2011 8:01 AM GMT+0900

Mary Daly holds up two charts containing 33 bars that all point down. They show eight industries getting hit equally hard after the 18-month recession ended in June 2009, suggesting that much of the past two years’ high unemployment is broad-based and should dissipate as the economy improves.

Bloomberg: Service Industries in U.S. Expand at Slower Pace in Sign Economy Cooling

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Service Industries in U.S. Expand at Slower Pace in Sign Economy Cooling
By Alex Kowalski - Jul 7, 2011 5:40 AM GMT+0900

Service industries in the U.S. expanded at a slower pace in June, a sign the economy cooled at the end of the first half of 2011.

Bloomberg: Greece Needs Long-Term Plan, Not Gimmicks, Economist Sachs Says: Tom Keene

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Greece Needs Long-Term Plan, Not Gimmicks, Economist Sachs Says: Tom Keene
By Joe Ragazzo and Tom Keene - Jul 6, 2011 4:04 AM GMT+0900

The Greek debt crisis will persist if euro-zone policy makers don’t “get realistic” and focus on a long-term approach instead of short-term gimmicks, according to Columbia University’s Jeffrey Sachs.

Bloomberg: Europe May Withhold Half of Greek Payment

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Europe May Withhold Half of Greek Payment
By James G. Neuger and Jonathan Stearns - Jun 20, 2011 8:16 AM GMT+0900

European governments weighed withholding half of Greece’s next 12 billion-euro ($17.2 billion) aid payment, seeking to keep the country solvent while maintaining pressure on the government to slash the debt that pitched the euro area into crisis.

Bloomberg: ‘Perfect Storm’ May Threaten Global Economy

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‘Perfect Storm’ May Threaten Global Economy
By Shamim Adam - Jun 13, 2011 8:58 AM GMT+0900

A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

Bloomberg: Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says

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Greek Default Would Not Destabilize the Euro, Bundesbank’s Weidmann Says
By Richard Weiss - Jun 12, 2011 9:46 PM GMT+0900

Bundesbank President Jens Weidmann raised the pressure on governments to agree to a Greek bailout without the European Central Bank taking part in easing the country’s debt burden, saying the euro can withstand a default.

Bloomberg: Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative

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Risk Rally Ending for Currencies Turns Focus to New Least Ugly-Alternative
By Catarina Saraiva and Allison Bennett - May 23, 2011 1:08 PM GMT+0900

The best-performing currencies of 2011 are falling out of favor as the Federal Reserve plans its exit from record monetary stimulus just as the global economy shows signs of slowing, buffeting commodities and stocks.

Bloomberg: Fed Focusing on Inflation Expectations

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Fed Focusing on Inflation Expectations
By Caroline Salas and Scott Lanman - May 23, 2011 8:00 AM GMT+0900

The cue for the Federal Reserve to start withdrawing its record monetary stimulus may be a measure of its own credibility: inflation expectations.

Bloomberg: Geithner Says Default Damage May Be ‘Irrevocable’

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Geithner Says Default Damage May Be ‘Irrevocable’
By Ian Katz and Daniel Enoch - May 15, 2011 2:44 AM GMT+0900

Timothy
Geithner,
U.S. treasury
secretary

U.S. Treasury Secretary Timothy F. Geithner said a default arising from failing to raise the debt limit could cause “irrevocable damage” to the economy, risk a “double-dip” recession and increase unemployment.

WSJ: Asia Central Banks Intervene As Currencies Climb

ASIA BUSINESS|APRIL 20, 2011, 6:43 A.M. ET
Asia Central Banks Intervene As Currencies Climb

By MARTIN VAUGHAN

Agence
France-Presse
/Getty Images

SINGAPORE—Central banks in South Korea, Thailand and Malaysia intervened Wednesday to slow a surge in their currencies in a broad Asian rally that carried the Singapore and Australian dollars to fresh highs against the U.S. currency.

Bloomberg: Standard & Poor’s Puts ‘Negative’ Outlook on U.S. AAA

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Standard & Poor’s Puts ‘Negative’ Outlook on U.S. AAA
By Rebecca Christie and Shannon D. Harrington - Apr 19, 2011 3:30 AM GMT+0900

Standard & Poor’s put the U.S. government on notice that it risks losing its AAA credit rating unless policy makers agree on a plan by 2013 to reduce budget deficits and the national debt.

Bloomberg: China Inflation Is `Somewhat Out of Control’ on Weak Currency, Soros Says

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China Inflation Is `Somewhat Out of Control’ on Weak Currency, Soros Says
By John Detrixhe - Apr 11, 2011 1:02 PM GMT+0900

China’s decision to keep its currency weak has caused the government to lose control of inflation and risks fuelling wage-price gains, billionaire investor George Soros said.