Related News:Economy · Insurance
Jobless Rate Unexpectedly Rises in Sign of Extended U.S. Economy Slowdown
By Shobhana Chandra - Jun 4, 2011 1:01 PM GMT+0900
The unemployment rate in the U.S. unexpectedly climbed to 9.1 percent in May and payrolls grew at the slowest pace in eight months, showing employers are losing confidence as the economy slows.
Saturday, June 4, 2011
Wednesday, June 1, 2011
CNBC: Europe Warns US to Speed Up Bank Reform
Europe Warns US to Speed Up Bank Reform
Published: Wednesday, 1 Jun 2011 | 4:41 AM ET
By: Peter Spiegel, Financial Times
The European Union’s top financial regulator has warned the Obama administration that it must speed up and toughen its new banking rules in order to prevent American banks from having unfair advantages over their European counterparts.
Published: Wednesday, 1 Jun 2011 | 4:41 AM ET
By: Peter Spiegel, Financial Times
The European Union’s top financial regulator has warned the Obama administration that it must speed up and toughen its new banking rules in order to prevent American banks from having unfair advantages over their European counterparts.
Bloomberg: Dollar, Metals Slide on U.S. Growth Concerns
Dollar, Metals Slide on U.S. Growth Concerns
By Stephen Kirkland - Jun 1, 2011 6:14 PM GMT+0900
The dollar slid to a three-week low versus the euro before reports likely to show the U.S. recovery is cooling. German bunds dropped, while corn and sugar gained.
By Stephen Kirkland - Jun 1, 2011 6:14 PM GMT+0900
The dollar slid to a three-week low versus the euro before reports likely to show the U.S. recovery is cooling. German bunds dropped, while corn and sugar gained.
Tuesday, May 31, 2011
The New Century Weekly
The New Century Weekly
Double dipping again
Andy Xie
May 30, 2011
Summary
The double dip scare has begun earlier this year than in 2010. High oil prices, falling property market in the US, sovereign debt crisis in Europe, recession in Japan, and inflation-induced tightening in the emerging economies are exerting downward pressure on the global economy. The growth data will surprise on the downside, inflation data on the upside. Risk assets like stocks and commodities will come under pressure in the summer.
Double dipping again
Andy Xie
May 30, 2011
Summary
The double dip scare has begun earlier this year than in 2010. High oil prices, falling property market in the US, sovereign debt crisis in Europe, recession in Japan, and inflation-induced tightening in the emerging economies are exerting downward pressure on the global economy. The growth data will surprise on the downside, inflation data on the upside. Risk assets like stocks and commodities will come under pressure in the summer.
Fortune: How housing could rebound -- in 2025
How housing could rebound -- in 2025
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
By Colin Barr May 31, 2011: 11:49 AM ET
Ready to be Depressed?
House prices have fallen further in the past five years than they did in the Great Depression – and there's no sign the free fall is about to stop.
CNBC: 'Double-Dip' in Housing Prices Even Worse Than Expected
'Double-Dip' in Housing Prices Even Worse Than Expected
Published: Tuesday, 31 May 2011 | 9:05 AM ET
By: Reuters
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
Published: Tuesday, 31 May 2011 | 9:05 AM ET
By: Reuters
U.S. single-family home prices dropped in March, dipping below their 2009 low, as the housing market remained bogged down by inventory and weak demand, a closely watched survey said Tuesday.
Sunday, May 29, 2011
Reuters: EU, IMF to judge Greece as protests swell
EU, IMF to judge Greece as protests swell
By Angeliki Koutantou
ATHENS | Sun May 29, 2011 9:33pm EDT
(Reuters) - European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
By Angeliki Koutantou
ATHENS | Sun May 29, 2011 9:33pm EDT
(Reuters) - European Union and IMF officials are expected to deliver their verdict this week on Greece's faltering drive to bring its budget deficit under control, but ordinary Greeks have warned that their patience is running thin.
Wednesday, May 25, 2011
WSJ: OECD: Most Central Banks Should Raise Rates
EUROPE NEWS|MAY 25, 2011, 1:57 P.M. ET
OECD: Most Central Banks Should Raise Rates
By GABRIELE PARUSSINI And PAUL HANNON
PARIS—Central banks around the world should raise their key interest rates as the economic recovery settles in and inflation rates pick up, the Organization for Economic Cooperation and Development said Wednesday.
OECD: Most Central Banks Should Raise Rates
By GABRIELE PARUSSINI And PAUL HANNON
PARIS—Central banks around the world should raise their key interest rates as the economic recovery settles in and inflation rates pick up, the Organization for Economic Cooperation and Development said Wednesday.
WSJ: China's Growth Risks
REVIEW & OUTLOOK|MAY 25, 2011
China's Growth Risks
Rising inflation and an opaque financial system, among others.
The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.
China's Growth Risks
Rising inflation and an opaque financial system, among others.
The Chinese economy is coming in for some sort of landing, and everyone is speculating whether it will be hard or soft. After HSBC on Monday released a purchasing managers index barely in positive territory, Goldman Sachs yesterday lowered its growth forecast for the year to 9.4% from 10%. But the determining factor in the hard vs. soft debate, and one reason global markets have fallen out of bed this week, is that Chinese inflation continues to accelerate. Goldman predicts an annual rate of 5.6% in June, up from 5.3% in April.
Tuesday, May 24, 2011
NYT: In Europe, Rifts Widen Over Greece
In Europe, Rifts Widen Over Greece
By LANDON THOMAS Jr.
Published: May 23, 2011
LONDON — Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
By LANDON THOMAS Jr.
Published: May 23, 2011
LONDON — Fissures among Europe’s currency partners are becoming even deeper and more widespread than was previously evident, raising new doubts about whether the group can resolve the regional debt crisis that has simmered for more than a year.
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