Analysis: Euro zone crisis enters dangerous new phase with Italy
By Paul Taylor
ATHENS | Tue Jul 12, 2011 11:30am EDT
(Reuters) - The euro zone's debt crisis has taken a dangerous turn. Contagion is singeing the currency bloc's third biggest economy Italy, which would be too big to save with existing EU financial fire-fighting tools.
Tuesday, July 12, 2011
NYT: The Unemployment Factor
The Unemployment Factor
July 11, 2011
Morris A. Davis is the academic director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
July 11, 2011
Morris A. Davis is the academic director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
NYT: Out of a Job, Out of a House
Updated July 12, 2011 10:07 AM
Hanging On to Houses
Introduction
In his column on Monday, Paul Krugman said that the Obama administration has done almost nothing to help troubled homeowners. Of $46 billion set aside for mortgage relief, less than $2 billion has been spent.
Hanging On to Houses
Introduction
In his column on Monday, Paul Krugman said that the Obama administration has done almost nothing to help troubled homeowners. Of $46 billion set aside for mortgage relief, less than $2 billion has been spent.
China: Money Supply (June 2011)
China: Money Supply (June 2011)
Money and credit growth rebounded in June, suggesting that selective easing is already showing initial effect. Some temporary factors also boosted money growth. New loans were greater than last June, after January-May loans were smaller than year ago. Large deposit growth implies more lending capacity for credit conditions to ease. Meanwhile, a retreat from risk had curbed capital inflows in May-June.
Money and credit growth rebounded in June, suggesting that selective easing is already showing initial effect. Some temporary factors also boosted money growth. New loans were greater than last June, after January-May loans were smaller than year ago. Large deposit growth implies more lending capacity for credit conditions to ease. Meanwhile, a retreat from risk had curbed capital inflows in May-June.
Brazil: Inflation and rates expectations move higher
Brazil: Inflation and rates expectations move higher
Inflation expectations pick-up. The latest weekly survey of market consensus forecasts brought upward revisions to inflation expectations across all horizons.
Inflation expectations pick-up. The latest weekly survey of market consensus forecasts brought upward revisions to inflation expectations across all horizons.
Italy
The spread widening in the case of Italy is unprecedented since the start of the sovereign debt crisis.
Monday, July 11, 2011
WSJ: U.S. Tackles Housing Slump
POLITICS JULY 11, 2011, 4:47 P.M. ET
U.S. Tackles Housing Slump
By NICK TIMIRAOS
The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery—and possibly the President's re-election in 2012.
U.S. Tackles Housing Slump
By NICK TIMIRAOS
The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery—and possibly the President's re-election in 2012.
WSJ: New Fears on Italy Jolt Europe
EUROPE NEWS JULY 11, 2011, 7:13 P.M. ET
New Fears on Italy Jolt Europe
By ALESSANDRA GALLONI and MARCUS WALKER
ROME—Italy, long a bystander to the euro-zone's debt woes, was thrust into the eye of the storm on Monday, as investors fled the country's bonds and Europe's leaders struggled to keep the crisis from infecting the Continent's third-largest economy.
New Fears on Italy Jolt Europe
By ALESSANDRA GALLONI and MARCUS WALKER
ROME—Italy, long a bystander to the euro-zone's debt woes, was thrust into the eye of the storm on Monday, as investors fled the country's bonds and Europe's leaders struggled to keep the crisis from infecting the Continent's third-largest economy.
CNNMoney: Arrivederci, rally! Why Italy is latest worry
Arrivederci, rally! Why Italy is latest worry
By Paul R. La Monica July 11, 2011: 1:03 PM ET
NEW YORK (CNNMoney) -- This whole euro debt crisis is starting to remind me of the tagline of "Jaws." Just when you thought it was safe to go back into stocks ... cue the ominous cello music.
By Paul R. La Monica July 11, 2011: 1:03 PM ET
NEW YORK (CNNMoney) -- This whole euro debt crisis is starting to remind me of the tagline of "Jaws." Just when you thought it was safe to go back into stocks ... cue the ominous cello music.
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.
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.
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