Bloomberg: U.S. Home Prices ‘Unlikely’ to Fall Further

Related News: U.S. · Economy · Real Estate
U.S. Home Prices ‘Unlikely’ to Fall Further
By Kim Chipman - Jul 4, 2011 1:13 AM GMT+0900

Homes in the U.S. are the most affordable they’ve been in decades and prices may start to climb as soon as the third quarter, Housing and Urban Development Secretary Shaun Donovan said today.

School Daze Good Old Golden Rule Days

School Daze Good Old Golden Rule Days
Bill Gross, PIMCO
2011-07-01

- The past several decades have witnessed an erosion of our manufacturing base in exchange for a reliance on wealth creation via financial assets.
- Fiscal balance alone will not likely produce 20 million jobs over the next decade. Government must take a leading role in job creation.
- A growing number of skeptics wonder whether college is worth the time or the cost.

NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS

NOMURA LEASES 900,000 SF AT WORLDWIDE PLAZA FOR ITS NORTH AMERICAN HEADQUARTERS
30 Jun, 2011, Warsaw

New York, NY – In a major leasing transaction that provides one of the city’s iconic midtown office properties with a dynamic new anchor tenant, Nomura Holding America Inc., the U.S subsidiary of Tokyo-based Nomura Holdings, Inc., has leased over 900,000 square feet of space at Worldwide Plaza for its Americas headquarters.

http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c42300003p

WSJ: Declines in Home Prices Ease

HOMES|JUNE 29, 2011
WSJ: Declines in Home Prices Ease

By NICK TIMIRAOS And S. MITRA KALITA

Home prices slowed their pace of decline in April, feeding hope that housing is near a bottom. But tens of thousands of foreclosures and faltering consumer confidence are expected to leave markets bumping near their current level for the rest of the year.

WSJ: China Risks Being Next Property-Bubble Blow Up

REAL ESTATE|JUNE 27, 2011
WSJ: China Risks Being Next Property-Bubble Blow Up

BEIJING—A recent decline in Chinese real-estate prices is starting to shake confidence in the country's economic vitality and open a debate about whether the country's economy is over-leveraged. That's what made the real-estate bubble's aftermath so painful for the U.S. and Japan.

CNNMoney: Greece austerity: Cure or poison?

CNNMoney: Greece austerity: Cure or poison?
By Aaron Smith @CNNMoney June 28, 2011: 2:39 PM ET

NEW YORK (CNNMoney) -- Riots have erupted in Athens once again, as the Greeks -- already burdened by the most severe austerity measures in Europe -- protest the next potential wave of belt-tightening in the ongoing debt crisis.

Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy

Robert Shiller Says There Is A "Chronic Illness" In The Spanish Economy
Jose Luis de Haro, El Economista | Jun. 27, 2011, 3:25 PM

Robert Shiller is an economist, academic, and best-selling author. He is ranked among the 100 most influential economists of the world and currently serves as the Arthur M. Okun Professor of Economics at Yale. Professor Shiller shared with elEconomista some of his insights on the US and European economies during a phone interview. He recognized "a kind of chronic illness in Spanish economy".

Money shortage (Andy Xie)

Money shortage
Andy Xie, The New Century Weekly

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Summary

The so-called money shortage today reflects excessive money demand in the past, which was a result of very loose monetary policy. If the tightening policy is changed due to the pressure, the monetary condition would go back to the excessively loose state. As inflation is still unstable, i.e., product or service price could jump by 20-30% in one go, loosening monetary policy could trigger hyperinflation and social turmoils.

Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources

Reuters: Exclusive: EU has Plan B if Greece rejects austerity -sources
By Luke Baker and Julien Toyer
BRUSSELS | Mon Jun 27, 2011 11:01am EDT

(Reuters) - European Union officials are working on a contingency plan for Greece if its parliament rejects an austerity program and the country cannot receive the next instalment of EU/IMF emergency loans, three euro zone sources said on Monday.

Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default

Related News: Europe, Italy, Funds, Finance, Insurance, Economy
Bloomberg: Greece’s Creditor Banks Move Toward 70% Rollover of Debt to Avert Default
By Aaron Kirchfeld and Sonia Sirletti - Jun 28, 2011 1:46 AM GMT+0900

Greek creditors may be headed toward a rollover agreement involving 70 percent of their bonds to prevent a default and meet politicians’ calls that they contribute to Greece’s second rescue in as many years.