Retail Sales Rose, Manufacturing Climbed: U.S. Economy Preview
By Shobhana Chandra - 2011.11.12 10:01 PM
Retail sales probably rose in October and U.S. manufacturing accelerated, helping give the world’s biggest economy a boost entering the final months of 2011, economists said before reports this week.
Sunday, November 13, 2011
Friday, November 11, 2011
WSJ: Reading Between the Lines on Italy's Woes
AHEAD OF THE TAPE NOVEMBER 10, 2011
Reading Between the Lines on Italy's Woes
By KELLY EVANS
Going by exports to Europe, the Continent's debt crisis seems to pose about as much threat to the U.S. as the giant asteroid that zoomed by this week.
Reading Between the Lines on Italy's Woes
By KELLY EVANS
Going by exports to Europe, the Continent's debt crisis seems to pose about as much threat to the U.S. as the giant asteroid that zoomed by this week.
Thursday, November 10, 2011
USA Today: EU warns of possible recession in eurozone
EU warns of possible recession in eurozone
By GABRIELE STEINHAUSER, Associated Press
2011.11.10 09:42 AM
BRUSSELS – The European Union warned Thursday that the 17-country eurozone could slip into "a deep and prolonged recession" next year as the debt crisis shows alarming signs of spinning out of control.
By GABRIELE STEINHAUSER, Associated Press
2011.11.10 09:42 AM
BRUSSELS – The European Union warned Thursday that the 17-country eurozone could slip into "a deep and prolonged recession" next year as the debt crisis shows alarming signs of spinning out of control.
USA Today: Foreclosure activity hit 7-month high in Oct.
Foreclosure activity hit 7-month high in Oct.
By ALEX VEIGA, Associated Press
2011.11.10 08:50 AM
LOS ANGELES – More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show.
By ALEX VEIGA, Associated Press
2011.11.10 08:50 AM
LOS ANGELES – More U.S. homes entered the foreclosure process in October than in the previous month, with Florida, Pennsylvania and Indiana registering among the largest monthly increases, new data show.
USA Today: Jobless claims at lowest level since April
Jobless claims at lowest level since April
2011.11.10 07:16 AM
WASHINGTON (AP) – The number of people who applied for unemployment benefits last week fell to the lowest level since April, a sign that employers could be stepping up hiring.
2011.11.10 07:16 AM
WASHINGTON (AP) – The number of people who applied for unemployment benefits last week fell to the lowest level since April, a sign that employers could be stepping up hiring.
CNNMoney: Foreclosures on the rise again
Foreclosures on the rise again
By Chris Isidore November 10, 2011: 5:42 AM ET
NEW YORK (CNNMoney) -- The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.
By Chris Isidore November 10, 2011: 5:42 AM ET
NEW YORK (CNNMoney) -- The number of foreclosures climbed in October, as mortgage lenders started to work through the paperwork problems that had delayed new filings for much of the last year.
SG: Eco Analysis - Norway CPI: Up by 1.4% in October (A. Annenkov)
2011.11.10 04:44 AM
Eco Analysis - Norway CPI: Up by 1.4% in October (A. Annenkov)
Headline CPI in Norway rose by 1.4% yoy in October, down from 1.6% in September, in line with market expectations. Core inflation remained unchanged at 1.2% yoy, also in line with expectations. Prices of air fares, electricity and food & non-alcoholic beverages were the main contributors to the deceleration in inflation, while clothing & footwear and alcoholic beverages & tobacco contributed positively. Electricity prices fell less than expected and could imply a downside risk in the coming months.
Eco Analysis - Norway CPI: Up by 1.4% in October (A. Annenkov)
Headline CPI in Norway rose by 1.4% yoy in October, down from 1.6% in September, in line with market expectations. Core inflation remained unchanged at 1.2% yoy, also in line with expectations. Prices of air fares, electricity and food & non-alcoholic beverages were the main contributors to the deceleration in inflation, while clothing & footwear and alcoholic beverages & tobacco contributed positively. Electricity prices fell less than expected and could imply a downside risk in the coming months.
SG: Eco Analysis - French inflation fractionally up, at 2.5% in October, Euro area inflation set to be firm at 3.0% (M. Martinez)
2011.11.10 04:37 AM
Eco Analysis - French inflation fractionally up, at 2.5% in October, Euro area inflation set to be firm at 3.0% (M. Martinez)
■ Overall price pressures remained firm in October in France and in the euro area
Inflation remains firm, despite the fact the euro debt crisis is curbing economic growth. Consumer price inflation in France edged higher in October. The harmonized rate increased to 2.5% yoy from 2.4%, while the national measure rose from 2.2% to 2.3%. Separately, the German HICP was slightly higher than the preliminary estimate (+0.1% mom, +2.9% yoy). Despite this fact, there is no change in our forecast for the euro-area measure, which is still expected to have been steady at 3.0% yoy (+0.3% mom). All these data indicate that overall price pressures remained firm in October in the euro area. Indeed, HICP probably rose by 5.1% on a 3 month annualized basis in the euro area in October (France: 3.3%, Germany: 1.1%, Italy: 13.4%, Spain: 6.4%).
Eco Analysis - French inflation fractionally up, at 2.5% in October, Euro area inflation set to be firm at 3.0% (M. Martinez)
■ Overall price pressures remained firm in October in France and in the euro area
Inflation remains firm, despite the fact the euro debt crisis is curbing economic growth. Consumer price inflation in France edged higher in October. The harmonized rate increased to 2.5% yoy from 2.4%, while the national measure rose from 2.2% to 2.3%. Separately, the German HICP was slightly higher than the preliminary estimate (+0.1% mom, +2.9% yoy). Despite this fact, there is no change in our forecast for the euro-area measure, which is still expected to have been steady at 3.0% yoy (+0.3% mom). All these data indicate that overall price pressures remained firm in October in the euro area. Indeed, HICP probably rose by 5.1% on a 3 month annualized basis in the euro area in October (France: 3.3%, Germany: 1.1%, Italy: 13.4%, Spain: 6.4%).
Business Week: Losing It on the Home Front
Losing It on the Home Front
Posted by: Dan Beucke on November 9, 2011 at 2:15 PM
The housing crisis just keeps grinding on. Home prices fell in three-quarters of U.S. cities in the third quarter, by double digits in some places, according to the latest data from the National Association of Realtors. The median U.S. house price, $164,500, is now 28 percent below its 2006 peak and about where prices stood in Feb. 2003. Fewer people plan to buy a home over the next six months, according to the Conference Board. And another survey of homeowners finds that nearly as many think of owning a home as a “nightmare” as consider it an “American Dream.”
Posted by: Dan Beucke on November 9, 2011 at 2:15 PM
The housing crisis just keeps grinding on. Home prices fell in three-quarters of U.S. cities in the third quarter, by double digits in some places, according to the latest data from the National Association of Realtors. The median U.S. house price, $164,500, is now 28 percent below its 2006 peak and about where prices stood in Feb. 2003. Fewer people plan to buy a home over the next six months, according to the Conference Board. And another survey of homeowners finds that nearly as many think of owning a home as a “nightmare” as consider it an “American Dream.”
CNNMoney: Italy: Definitely too big to fail, maybe too big to bail
Europe's Debt Crisis
Italy: Definitely too big to fail, maybe too big to bail
By Douglas J. Elliott @CNNMoney November 10, 2011: 5:32 AM ET
NEW YORK (CNNMoney) -- Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Italy: Definitely too big to fail, maybe too big to bail
By Douglas J. Elliott @CNNMoney November 10, 2011: 5:32 AM ET
NEW YORK (CNNMoney) -- Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
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