Provisioning for Spanish Bank Losses Is Insufficient, IIF Says
Spanish banks' total loan losses could range between 218 billion and 260 billion euros, more than currently-expected provisioning, the IIF predicted.
Congressional Threat to Every Investor, Business Owner and Citizen
Congressional Threat to Every Investor, Business Owner and Citizen May 21, 2012 This is an open letter in response to legislation recently passed in the US House of Representatives. The behavior of Representative Harold Rogers, Chairman of the House Appropriations Committee, has made the front page of The New York Times, describing the $17,000 drip...
Secondary Sources: Greek Exit, Mortgage Mess, Inflation Targeting
A roundup of economic news from around the Web.
Secondary Sources: Greek Exit, Wisconsin Jobs, Chinese Dissatisfaction
A roundup of economic news from around the Web.
Housing Less Dilapidated, but Still a Fixer-Upper
Home construction data support the idea that housing is no longer the dilapidated wreck it was in past years. But bottoming out shouldn't be confused with a robust recovery.
What price a slowing population?
Making babies is fun and good for economic growth (sexing up a lede has never been so easy). Nomura has taken a shot at calculating just how significantly population changes can hit GDP....
Stagnant Wages Limit Consumer Spending
Hourly pay and hours worked flat-lined, meaning real weekly pay was unchanged in April. Since peaking in October 2010, real pay has declined by 1.2%.
NY Fed Releases Latest View on Economy
The latest update of the official New York Fed staff economic forecasts predicts trend-like growth, largely stable inflation and a slow grind lower in the unemployment rate.
Economists See Growth, Inflation Modest in 2012
Economists expect modest economic growth and slowly falling unemployment this year and next, according to a survey released Friday by the Federal Reserve bank of Philadelphia.
New IMF Working Paper Models Impact of Oil Limits on the Economy
The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who are following “peak oil” issues. This is a res...
Fed’s Pianalto: Economy Is Recovering at Modest Pace
The U.S. economy will continue to recover, but the pace won't be enough to bring the unemployment rate down quickly, Cleveland Fed President Pianalto said Wednesday.
Wholesale Inventory Gains Held Back by Petroleum
U.S. wholesale inventories rose less than expected in March, held back by the biggest drop in petroleum stocks in nearly two years.
