Fed Economists: 2012 Recession Odds Top 50%
By Vivien Lou Chen - 2011.11.14 11:00 AM
The odds of a U.S. recession in early 2012 exceed 50 percent as a result of Europe’s debt crisis, according to researchers at the Federal Reserve Bank of San Francisco.
Monday, November 14, 2011
BNP: Brazil: Consensus revised down interest rates scenario
Brazil: Consensus revised down interest rates scenario.
2011.11.14 08:23 AM
Consensus scenario incorporated more rate cuts. The central bank's weekly survey presented small changes on the inflation front, remaining at current high levels. For growth, the market consensus revised down just its 2011 forecast, but kept stuck the 2012. For monetary policy, consensus extended its easing cycle by 50bp and now foresees a full easing cycle of 250bp.
2011.11.14 08:23 AM
Consensus scenario incorporated more rate cuts. The central bank's weekly survey presented small changes on the inflation front, remaining at current high levels. For growth, the market consensus revised down just its 2011 forecast, but kept stuck the 2012. For monetary policy, consensus extended its easing cycle by 50bp and now foresees a full easing cycle of 250bp.
Sunday, November 13, 2011
CNNMoney: Hey Europe. Breaking up is a foolish risk
Europe's Debt Crisis
Hey Europe. Breaking up is a foolish risk
By Douglas J. Elliott @CNNMoney November 13, 2011: 5:03 PM ET
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Should Greece or other nations be allowed to leave the eurozone, or even be forced out? Those questions were considered heresy among European leaders until mere days ago.
Hey Europe. Breaking up is a foolish risk
By Douglas J. Elliott @CNNMoney November 13, 2011: 5:03 PM ET
Douglas J. Elliott, who worked as an investment banker for two decades, is a fellow at the Brookings Institution.
Should Greece or other nations be allowed to leave the eurozone, or even be forced out? Those questions were considered heresy among European leaders until mere days ago.
Bloomberg: Retail Sales Rose, Manufacturing Climbed: U.S. Economy Preview
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.
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.
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.
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