A look at economic developments around the globe
A look at economic developments and activity in major stock markets around the world Tuesday:
Read more on AP via Yahoo! News
New Possibilities in the Hunt for Financing
A lack of financing for renewable energy projects is a common lament…
From NY Fed President William Dudley: The Economic Outlook and the Fed’s Balance Sheet: The Issue of “How” versus “When” Dudley discussed his economic outlook, and how the Fed will exit from the current policy stance. Dudley doesn’t think the Fed’s policy stance will change any time soon. Here are…
What if I wrote that U.S. payroll employment increased by 383 thousand jobs in May 2009 following an increase of 259 thousand jobs in April 2009? Some readers would suspect CR had been captured by aliens or had visited crazytown. But, in fact, those numbers are exactly what the BLS…
From David Streitfeld at the NY Times: Recovery Signs in Housing Market Stir Some Hope After a plunge lasting three years, houses have finally become cheap enough to lure buyers. That, in turn, is stabilizing prices, generating hope that the real estate market is beginning to recover. From Peter Hong…
From David Altig at Macroblog: A look at the recovery Earlier this week my boss, Atlanta Fed President Dennis Lockhart, weighed in with his views about the shape of the economic recovery to come while speaking at a meeting of the Nashville, Tenn., Rotary Club: “The economy is stabilizing and…
To start BFF off … Guaranty Financial Group filed an 8-K with the SEC last night (ht Russ). Here are a few excerpts: [T]he Company no longer believes that it will be possible for the Company or the Bank to raise sufficient capital to comply with the Orders to Cease…
7/20/09 – CNBC – Roubini: Economic Recovery to be ‘Very Ugly’ ( Click here for video ) By: CNBC.com Nouriel Roubini, the economist whose dire forecasts earned him the nickname “Doctor Doom”, told CNBC Monday that the economic recovery is going to be “very ugly.” “The recovery is going…
Click on graph for larger image in new window. This graph is from Doug Short of dshort.com (financial planner): “Four Bad Bears”. Note that the Great Depression crash is based on the DOW; the three others are for the S&P 500. Tomorrow could be wild.
Read more here –…
San Francisco Fed President Janet Yellen has been rumored to be one of the front runners to replace Chairman Ben Bernanke (although most consider Larry Summers the front runner, assuming Bernanke isn’t reappointed). Tonight Dr. Yellen spoke in San Francisco: A View of the Economic Crisis and the Federal Reserve’s…
Here is a collection of real estate and economic graphs for data released in June … Note: Click on graphs for larger image in new window. For more info, click on link below graph to original post. ******************** New Home Sales in May (NSA) The first graph shows monthly new…