Related News: US, Bonds, Economy
Debt Limit ‘Wrong Tool’ to Force Cuts: Bernanke
By Caroline Salas Gage and Joshua Zumbrun - Jun 15, 2011 4:43 AM GMT+0900
Federal Reserve Chairman Ben S. Bernanke said the U.S. debt ceiling shouldn’t be used as a bargaining chip to force budget cuts, and failing to raise it could cause “severe disruptions” in financial markets.
Tuesday, June 14, 2011
Bloomberg: Retail Sales in U.S. Fall Less Than Estimated; Demand for Autos Declines
Related News: U.S. · Bonds · Economy · Retail · Municipal Bonds
Retail Sales in U.S. Fall Less Than Estimated; Demand for Autos Declines
By Shobhana Chandra - Jun 15, 2011 5:38 AM GMT+0900
Sales at U.S. retailers fell less than projected in May, showing consumers were weathering elevated gasoline costs.
Retail Sales in U.S. Fall Less Than Estimated; Demand for Autos Declines
By Shobhana Chandra - Jun 15, 2011 5:38 AM GMT+0900
Sales at U.S. retailers fell less than projected in May, showing consumers were weathering elevated gasoline costs.
CNBC: US Housing Crisis Is Now Worse Than Great Depression
US Housing Crisis Is Now Worse Than Great Depression
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox
CNBC.com Staff Writer
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Published: Tuesday, 14 Jun 2011 | 12:04 PM ET
By: Jeff Cox
CNBC.com Staff Writer
It's official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression.
Bloomberg: Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets
Related News: Asia, China, Real Estate, Emerging Markets, Economy, Finance, Retail
Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets
By Kelvin Wong, Nichola Saminather and Hui-yong Yu - Jun 14, 2011 1:00 AM GMT+0900
On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.
Chinese Mount Global Homebuying Spree as Governments Squeeze Local Markets
By Kelvin Wong, Nichola Saminather and Hui-yong Yu - Jun 14, 2011 1:00 AM GMT+0900
On a sunny Saturday in early June, Larry Zhou strolled the floor of a property exhibition in Hong Kong, wondering whether it was time to buy another home -- not in the city, where residential prices have soared 50 percent in the past two years, but maybe in Thailand or Malaysia.
Monday, June 13, 2011
CNN Money: Summers: More stimulus needed
RECOVERY AT RISK
Summers: More stimulus needed
By Chris Isidore @CNNMoney June 13, 2011: 11:13 AM ET
NEW YORK (CNNMoney) -- Larry Summers, formerly one of the top economic advisors to President Obama, is advocating more government stimulus to jumpstart the struggling U.S. economy.
Summers: More stimulus needed
By Chris Isidore @CNNMoney June 13, 2011: 11:13 AM ET
NEW YORK (CNNMoney) -- Larry Summers, formerly one of the top economic advisors to President Obama, is advocating more government stimulus to jumpstart the struggling U.S. economy.
Office market: Construction tracks the health of banking - FT.com
Frankfurt as a Financial Centre
June 13, 2011 4:12 pm
Office market: Construction tracks the health of banking
By Ed Hammond
The lofty canyons of Frankfurt’s financial district are once again reverberating with the rumble of heavy machinery.
Caterpillar-tracked piling rigs plunge drill heads into the soil, boring the deep holes for the concrete and steel foundations from which the city’s next generation of skyscrapers will rise.
http://www.ft.com/intl/cms/s/0/ed5ea1c8-955e-11e0-a648-00144feab49a.html#axzz2PXw36Vqx
June 13, 2011 4:12 pm
Office market: Construction tracks the health of banking
By Ed Hammond
The lofty canyons of Frankfurt’s financial district are once again reverberating with the rumble of heavy machinery.
Caterpillar-tracked piling rigs plunge drill heads into the soil, boring the deep holes for the concrete and steel foundations from which the city’s next generation of skyscrapers will rise.
http://www.ft.com/intl/cms/s/0/ed5ea1c8-955e-11e0-a648-00144feab49a.html#axzz2PXw36Vqx
Bloomberg: Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
Related News: Economy · Insurance · Canada · Japan · U.K. & Ireland · Stocks
Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
By Shobhana Chandra - Jun 13, 2011 8:01 AM GMT+0900
Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.
Profits Seen Increasing Jobs as Earnings in U.S. Grow Fastest Since 1940s
By Shobhana Chandra - Jun 13, 2011 8:01 AM GMT+0900
Profits at American companies are poised to be one of the few bright spots in the U.S., helping to steady the faltering recovery.
Bloomberg: ‘Perfect Storm’ May Threaten Global Economy
Related News: Economy · Asia · China · Finance · Real Estate · Africa · Canada · Europe · Latin America · U.S. · Bonds · Currencies · Middle East · Japan · U.K. & Ireland · Insurance · Funds · Commodities · India & Pakistan
‘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.
‘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.
Sunday, June 12, 2011
CNN Money: Squatter Nation: 5 years with no mortgage payment
Squatter Nation: 5 years with no mortgage payment
By Les Christie June 12, 2011: 9:23 PM ET
NEW YORK (CNNMoney) -- Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home.
By Les Christie June 12, 2011: 9:23 PM ET
NEW YORK (CNNMoney) -- Charles and Jill Segal have not made a mortgage payment in nearly five years -- but they continue to live in their five-bedroom West Palm Beach, Fla. home.Reuters: U.S. banks prepare to lower use of Treasuries: report
U.S. banks prepare to lower use of Treasuries: report
NEW YORK | Sun Jun 12, 2011 7:11pm EDT
(Reuters) - A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.
NEW YORK | Sun Jun 12, 2011 7:11pm EDT
(Reuters) - A number of Wall Street's biggest banks are preparing to lower their use of U.S. Treasuries in August, the Financial Times reported on Sunday.
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