Posts Tagged United StatesFile not found. ECRI’s Lakshman Achuthan Is Still Forecasting A Recession
ECRI’s Lakshman Achuthan is not changing his recession call despite economic data coming in better than expected.United States: S&P/Case-Shiller Indices Were Up On Non-Seasonally Adjusted Basis
Home prices were up on a non-seasonally adjusted basis, but were down slightly on a seasonally adjusted basis.Selling US Treasuries ≠ Losing Confidence In the United States
Asian central banks reduced their holdings of US Treasuries. But that might just be an act to defend their own currencies.The “Occupy Wall Street” Inspired Resurrection Of A Paper On Inequality And Financial Crisis
Income inequality contributed to the financial crisis, and the financial crisis made the bottom group of households even worse off.Currency War: United States Vs. China – Round 998,793,487,485
Chinese Yuan seems to have largely paused its orderly ascent against the USD for a month or two, doesn’t seem to care what US Congress is doing.What? Greece To Buy 400 Tanks From The US?
Surprise surprise surprise! Greece has apparently just ordered 400 tanks from the United States. No idea where the money comes from though.Finally, ECRI Calls Recession In The US
The Economic Cycle Research Institute (ECRI) now sees the US economy tipping into a new recession.United States: S&P/Case-Shiller Indices Show Mixed Signs Of Stabilisation
S&P/Case-Shiller home prices indices rose for the fourth consecutive month, but most of the gains appear to be largely seaonsal.United States: Federal Reserve Decides To Do Operation Twist
The Federal Reserve decided to sell US$400 billion of Treasurys in the short-end and buy the equal amount of debts in the long-end. Operation twist is official.FOMC Minutes For August 2011: What To Do Next?
A number of options were being discussed, ranging from outright quantitative easing to doing nothing. Focus will be on next meeting.United States: S&P/Case-Shiller Indices Show Signs Of Stabilisation
The US housing continues to show some signs of stabilisation amid seasonal strength. The National Index rose by 3.6% in the second quarter.ECRI: Not Quite A Recession Yet, But No Rebound Either
Lakshman Achuthan of ECRI thinks that the economic weaknesses in the US will persist, but has not gone to a point where he can definitely call a recession.(Mis)-Managing Expectation: Jackson Hole Edition
Ben Bernanke will be speaking on Friday. While the market is hoping/praying/begging for more quantitative easing, the market might be disappointed.United States: Federal Reserve To Maintain ZIRP Through Mid-2013
The Federal Reserve commits to maintain exceptionally low interest rates at least through mid-2013.Austerity In A Weak Economy Is Not Nice
With economic data getting weaker and weaker, the deficit reductions accompanied by the increase of debt limit is not really welcome.After Sweeping Away The Debt Ceiling Rubbish
The deal have been reached, pending vote by the House. While disaster is avoided, a slow-motion train wreck will continue. Meanwhile, refocus to Europe.Debt Ceiling And Right-Wing Nutters Or Traiters
The world is watching the self-directed crisis of the debt ceiling with tears, laughter and horror. This is nonsense, and spending cuts now is bad economics.Who Owns US Treasury Securities?
The US government debts are hardly mainly held by foreign creditors. In fact, they are largely held by US institutions.Republicans: Stop Saying No To Everything And Get Things Done
The absolute inability for republicans to make even a small compromise is putting the entire world at risk. Shame on republicans.United States: S&P/Case-Shiller Indices Show Home Prices Increase
The housing market is stabilising in the US as the S&P/Case-Shiller indices show, but it may be all down to seasonality effect.