Newsclips
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July 8, 2011
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ADP – June 2011 ADP National Employment Report Employment in the U.S. nonfarm private business sector rose 157,000 from May to June on a seasonally adjusted basis, according to the latest ADP National Employment Report released today. The estimated advance in employment from April to May was revised down, but only slightly, to 36,000 from… Continue reading ADP Is Here To Save The Day
The Financial Times – Oil stocks release risks unintended consequences The US and other western nations say they are racing to decompress tight oil markets with the release of strategic stocks by the International Energy Agency. But a question from a prospective buyer suggests oil traders have other ideas. Rather than quickly resell the government’s… Continue reading The SPR Helps The Evil Oil Speculators
Real Time Economics (WSJ Blog) – NY Fed Paper Divines Linkage Between Unemployment, Inflation Economists at the Federal Reserve Bank of New York are refining the central bank’s understanding of how changes in growth and unemployment shape the nation’s inflation-creating potential. In a newly published paper, analysts Richard Peach, Robert Rich and Anna Cororaton say… Continue reading The Federal Reserve Concludes NAIRU Does Not Exist!
<Click on chart for larger image> The Wall Street Journal – Movement in Budget Impasse President Barack Obama and House Speaker John Boehner have upped the ante ahead of a high-profile summit on deficit reduction Thursday, suggesting in talks that they might tackle longtime taboos, including tax increases and Social Security changes. In a sign… Continue reading The Budget Deficit
<Click on chart for larger image> FT Aphaville (FT Blog) – When Italy is already priced to wreck the eurozone, redux As we’ve said, it’s a ‘Greek’ crisis, but the shadow is being cast across Italian government bond yields to an increasing extent. (The 10-year benchmark keeps coming in north of 5 per cent nowadays.… Continue reading European Contagion
The Wall Street Journal – Fed Unveils More Details of Crisis Loans Goldman Sachs Group Inc. borrowed $15 billion from the Federal Reserve in late 2008, the biggest single loan in a crisis-era program for which previously secret details were disclosed Wednesday. The Fed reported loan-by-loan data for what were called single-tranche term repurchase agreements.… Continue reading Federal Reserve Transparency
The Wall Street Journal – Rents Rise, Vacancies Go Down Apartment landlords are enjoying rising rents and falling vacancies. The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier, according to a report scheduled for release Thursday by Reis Inc., which… Continue reading Rents On The Rise
SmartMoney.com – How Mutual Funds Turn Themselves Into ETFs They say it’s a game changer, the fund industry equivalent of the iPad. Pimco’s exchange-traded version of its megasize mutual fund has yet to launch, and analysts are already predicting how it will alter the $1 trillion ETF industry. But the big question remains: Should investors… Continue reading Actively Managed ETFs
MarketBeat (WSJ Blog) – Here’s How a $60B Foreclosuregate Settlement Might Get Divided Apparently nobody really believes the scary $60 billion number the New York Post, our sister publication, says could be the ultimate tab to settle Foreclosuregate. But that didn’t stop Barclays Capital analysts from putting out a report showing how a $60 billion… Continue reading Who Stands To Lose The Most From Foreclosures?
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Charts of the Week Topics Covered This Week Include: Is The Soft Patch Ending? Prime Money Market Funds Prime Money Market Funds – 2 Prime Money Market Funds – 3 The Earnings Game The New Jumbo Loan Limits Long Live The American Dream Greece Portugal Is Downgraded, New Yield High Stock Volume Continues Down, Treasury… Continue reading Untitled