Global Economic Outlook - Outlook 2012: Euro area will be knocked into recession
2011.11.06 04:47 PM
■ Outlook 2012: Euro area will be knocked into recession
The bombshell of the announcement of the Greek referendum (now off the agenda) and new twists and turns in Italian politics made the decline in financial stress offered by the euro summit agreement only fleeting. The persistence of this extremely high level of financial stress is the trigger for the downgrade to our global economic outlook, and we now see recession in the euro area. Our full year 2012 forecast now stands at 0% for the euro area, 1.4% for the US and 8.1% for China, which places us below consensus for both 2012 and 2013. Against this backdrop, we expect G4 central banks to pursue an extended period of policy accommodation. The risk to the forecasts remains skewed to the downside with potential for fiscal policy errors, notably in the euro area and the US.
Sunday, November 6, 2011
Saturday, November 5, 2011
CNNMoney: Europe: the worst-case scenarios
Europe's Debt Crisis
Europe: the worst-case scenarios
By Steve Hargreaves @CNNMoney November 5, 2011: 9:28 AM ET
NEW YORK (CNNMoney) -- The immediate threat in Greece has passed. But the crisis is far from over.
Europe: the worst-case scenarios
By Steve Hargreaves @CNNMoney November 5, 2011: 9:28 AM ET
NEW YORK (CNNMoney) -- The immediate threat in Greece has passed. But the crisis is far from over.
ZEW/gif Office Market Forecast - Rents For Offices in Prime Locations Strongly Increase
ZEW/gif Office Market Forecast - Rents For Offices in Prime Locations Strongly Increase
Prime rents at the five largest German office real estate markets Berlin, Hamburg, Frankfurt, Düsseldorf and Munich will considerably increase by the end of 2012. At the same time, the vacancy rate will hardly be reduced –with the exception of Düsseldorf and Frankfurt. These are the findings of the second survey among real estate market experts, which was conducted by the gif-Arbeitskreis Marktanalysen und Bedarfsprognosen (gif market analysis and demand forecasting working group) in cooperation with the Centre for European Economic Research (ZEW) in Mannheim.
http://www.zew.de/en/press/1693/zewgif-office-market-forecast---rents-for-offices-in-prime-locations-strongly-increase
Prime rents at the five largest German office real estate markets Berlin, Hamburg, Frankfurt, Düsseldorf and Munich will considerably increase by the end of 2012. At the same time, the vacancy rate will hardly be reduced –with the exception of Düsseldorf and Frankfurt. These are the findings of the second survey among real estate market experts, which was conducted by the gif-Arbeitskreis Marktanalysen und Bedarfsprognosen (gif market analysis and demand forecasting working group) in cooperation with the Centre for European Economic Research (ZEW) in Mannheim.
http://www.zew.de/en/press/1693/zewgif-office-market-forecast---rents-for-offices-in-prime-locations-strongly-increase
Friday, November 4, 2011
SG: Eco Analysis - US Employment Report: Don't be misled by the October prints (B. Jones)
Eco Analysis - US Employment Report: Don't be misled by the October prints (B. Jones)
2011.11.04 06:34 AM
■ October job gains failed to match our forecasts, but revisions placed levels even higher
The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls climbed by 80K in October, or by 104K after adjusting for continued pink-slipping by governmental entities. While last month's payroll gains failed to meet our and the Street's expectations, significant upward revisions to the previously reported figures for August and September actually left the October tallies well above projected levels. August was almost doubled from 57K to 104K, while another 55K jobs were added to the original 103K September estimate. It is worth nothing that this is the second consecutive report that saw the BLS' prior projections boosted about roughly 100K jobs.
2011.11.04 06:34 AM
■ October job gains failed to match our forecasts, but revisions placed levels even higher
The Bureau of Labor Statistics (BLS) reported that nonfarm payrolls climbed by 80K in October, or by 104K after adjusting for continued pink-slipping by governmental entities. While last month's payroll gains failed to meet our and the Street's expectations, significant upward revisions to the previously reported figures for August and September actually left the October tallies well above projected levels. August was almost doubled from 57K to 104K, while another 55K jobs were added to the original 103K September estimate. It is worth nothing that this is the second consecutive report that saw the BLS' prior projections boosted about roughly 100K jobs.
Bloomberg: Bill Gross Rebounds From Bottom Ranking as Riskier Assets Surge
Bill Gross Rebounds From Bottom Ranking as Riskier Assets Surge
By Sree Vidya Bhaktavatsalam - 2011.11.03 09:01 PM
Bill Gross’s Pimco Total Return Bond Fund, which is having its worst run this year since at least 1995, regained its spot among top bond funds last month as investors returned to riskier assets.
By Sree Vidya Bhaktavatsalam - 2011.11.03 09:01 PM
Bill Gross’s Pimco Total Return Bond Fund, which is having its worst run this year since at least 1995, regained its spot among top bond funds last month as investors returned to riskier assets.
Thursday, November 3, 2011
USA Today: Could Japan's economic malaise strike here in U.S.?
Could Japan's economic malaise strike here in U.S.?
By John Waggoner, USA TODAY
If you wonder what haunts Federal Reserve Chairman Ben Bernanke's dreams, it's Japan.
By John Waggoner, USA TODAY
If you wonder what haunts Federal Reserve Chairman Ben Bernanke's dreams, it's Japan.
USA Today: Reports show an economy that is growing, but slowly
Reports show an economy that is growing, but slowly
2011.11.03 08:32 AM
WASHINGTON – Four economic reports painted a picture of a slowly growing economy Thursday. They said:
2011.11.03 08:32 AM
WASHINGTON – Four economic reports painted a picture of a slowly growing economy Thursday. They said:
Bloomberg: Economy Drives More Americans to Extreme Poverty
Economy Drives More Americans to Extreme Poverty
By Catherine Dodge - 2011.11.02 09:01 PM
The number of Americans living in neighborhoods beset by extreme poverty surged in the last decade, erasing the progress of the 1990s, with the poorest areas growing more than twice as fast in suburbs as in cities.
By Catherine Dodge - 2011.11.02 09:01 PM
The number of Americans living in neighborhoods beset by extreme poverty surged in the last decade, erasing the progress of the 1990s, with the poorest areas growing more than twice as fast in suburbs as in cities.
Wednesday, November 2, 2011
Download the New Reserves Classification Guide
http://www.spe.org/
Download the New Reserves Classification Guide
2 November 2011 in Americas,Asia-Pacific,Canada,Europe and Sub-Saharan Africa,Europe, Russia and West Africa,Latin America and Caribbean,Middle East, North Africa and India,Regions,Russia and Caspian,SPE News,Technical,United States
Download the New Reserves Classification Guide
2 November 2011 in Americas,Asia-Pacific,Canada,Europe and Sub-Saharan Africa,Europe, Russia and West Africa,Latin America and Caribbean,Middle East, North Africa and India,Regions,Russia and Caspian,SPE News,Technical,United States
Bloomberg: Fed Lowers Economic Growth Outlook for Next Year, Sees 8.6% Unemployment
Fed Lowers Economic Growth Outlook for Next Year, Sees 8.6% Unemployment
By Craig Torres - 2011.11.02 11:32 AM
Federal Reserve officials lowered their outlook for U.S. economic growth in 2012 and forecast that unemployment will average from 8.5 percent to 8.7 percent in the final three months of next year.
By Craig Torres - 2011.11.02 11:32 AM
Federal Reserve officials lowered their outlook for U.S. economic growth in 2012 and forecast that unemployment will average from 8.5 percent to 8.7 percent in the final three months of next year.
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