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Tuesday, April 5, 2011

Bloomberg: Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’

Related News: Economy · U.S. · Currencies · Germany
Bernanke Says Fed Must Monitor Inflation ‘Extremely Closely’
By Scott Lanman and Steve Matthews - Apr 5, 2011 1:00 PM GMT+0900

Federal Reserve Chairman Ben S. Bernanke said policy makers must watch inflation “extremely closely” for evidence that rising commodity costs are having more than a temporary impact on consumer prices.

WSJ: IMF Chief: 'Black Swans' Still Haunt Global Finance

BUSINESS|APRIL 4, 2011, 8:46 P.M. ET
IMF Chief: 'Black Swans' Still Haunt Global Finance

By IAN TALLEY

WASHINGTON—The global economic recovery is still fragile, uneven and "beset by great uncertainty," the head of the International Monetary Fund said late Monday.

Monday, April 4, 2011

Bloomberg: Geithner Says U.S. To Reach Debt Limit No Later Than May 16

Related News: Economy
Geithner Says U.S. To Reach Debt Limit No Later Than May 16
By Rebecca Christie and Phil Mattingly - Apr 5, 2011 6:34 AM GMT+0900

Treasury Secretary
Timothy F. Geithner
The U.S. will reach its $14.29 trillion legal debt limit no later than May 16 unless Congress acts before then, Treasury Secretary Timothy F. Geithner said today, and he warned of “severe hardship” for Americans if lawmakers fail to act.

Sunday, April 3, 2011

Bloomberg: U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005

Related News: Economy · U.S.
U.S. Service Industries Probably Grew at Close to Fastest Pace Since 2005
By Timothy R. Homan - Apr 3, 2011 1:00 PM GMT+0900

Service industries probably expanded in March at close to the fastest pace since 2005, a sign the U.S. economic expansion is broadening beyond manufacturing, economists said ahead of a report this week.

Thursday, March 31, 2011

Bloomberg: Drop in U.S. Jobless Claims, Rising Consumer Confidence Point to Recovery

Related News: U.S. · Economy · Retail
Drop in U.S. Jobless Claims, Rising Consumer Confidence Point to Recovery
By Timothy R. Homan and Alex Kowalski - Apr 1, 2011 5:28 AM GMT+0900

Fewer Americans filed claims for jobless benefits last week and consumer confidence stabilized, a sign the world’s largest economy is weathering the jump in commodity prices heading into the second quarter.

Bloomberg: Business Activity in U.S. Expands Faster Than Forecast in Chicago Survey

Related News: Economy · U.S.
Business Activity in U.S. Expands Faster Than Forecast in Chicago Survey
By Shobhana Chandra - Mar 31, 2011 11:25 PM GMT+0900

Business activity in the U.S. expanded at a faster pace than forecast in March, signaling manufacturing remains a driver of growth in the world’s largest economy.

WSJ: Futures Mixed; Eyes On Economic Data

TODAY'S MARKETS|MARCH 31, 2011, 8:25 A.M. ET
Futures Mixed; Eyes On Economic Data

By SIMON KENNEDY

U.S. stock futures were mixed Thursday ahead of the first quarter's final trading session, as investors also eyed a packed economic schedule over the next two days.

Frankfurt Longs for 'Mainhatten' Era

COMMERCIAL REAL ESTATE
March 30, 2011

Frankfurt Longs for 'Mainhatten' Era
Office-Market Activity Begins to Return Financial Capital to Golden Age

By WILLIAM BOSTON | Special to the WSJ

Prime Frankfurt office-building values are still 20% below 2007 peak levels and vacancy rates continue to exceed 15%. But you would never know that from the amount of investment and development activity beginning to take place.

http://online.wsj.com/article/SB10001424052748703461504576230511567808374.html

Wednesday, March 30, 2011

Bloomberg: Bill Gross Says Treasuries Have Little Value, Echoing Buffett

Related News: Insurance · Europe · U.S. · Bonds · Currencies · Funds
Bill Gross Says Treasuries Have Little Value, Echoing Buffett
By Wes Goodman - Mar 31, 2011 12:33 PM GMT+0900

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said Treasuries “have little value” because of the growing U.S. debt burden.

Bloomberg: JPMorgan’s Dimon Says U.S. Debt Default Would Be ‘Catastrophic’

JPMorgan’s Dimon Says U.S. Debt Default Would Be ‘Catastrophic’
By Rebecca Christie and Dawn Kopecki - Mar 31, 2011 7:36 AM GMT+0900

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said companies, insurance funds and investors would lose access to markets if the U.S. appears headed toward a default related to its debt limit.