Daily Archives: July 1, 2009
Housing in Peril as Obama Fails to Get Breakthrough
By Kathleen M. Howley June 29 (Bloomberg) — Driving through Riverside, California, Bruce Norris pointed to a half-dozen empty houses with “For Sale” signs stuck in untended lawns that he said investors might buy if banks would just extend some … Continue reading
How a Loophole Benefits GE in Bank Rescue Industrial Giant Becomes Top Recipient in Debt-Guarantee Program General Electric Co. CEO Jeffrey Immelt, center, is applauded by Michigan Gov. Jennifer Granholm during a news conference Friday, June 26, 2009, in Birmingham, … Continue reading
Global Recovery In Sight, China A Locomotive
June is the month for mid-year revisions to economic forecasts by the major international financial organizations and other forecasters. The Organization for Economic Cooperation and Development (OECD) released its new forecasts Wednesday, predicting that the deep global recession is nearing … Continue reading
Last Call for Monetization?
In the past three weeks there have been several indications that the Federal Reserve is reconsidering the extent and perhaps necessity of its extraordinary liquidity provisions to the Treasury market. How far have the chairman and governors pulled back from … Continue reading
Rise in Asset Prices: New Challenge for Asian Central Banks
The aggressive global policy response to defend against the slowdown has begun to gain traction, as real economic data have shown a slight improvement almost synchronously around the world. These attempts to revive growth have also resulted in a significant … Continue reading
