Daily Archive: Friday, July 31, 2009

cash for clunkers may cost govt. up to $45,354 per vehicle

[Skip to the end] (short version) “Cash for Clunkers” Program May Cost $45,354 per vehicle By Avery Goodman (Seeking Alpha) — The “Cash for Clunkers” program has been a “great success”, at least according to the government, and the auto industry. Within days of its kickoff, all $1 billion allocated to the ...Read More


[Skip to the end] Karim writes: Most important info in the report is the benchmark revisions: The first year of the recession (Q4 2007-Q3 2008) was revised from -0.8% to -1.9%. This adds a full percentage point to the Fed’s output gap measure. Also, Q2 2009 negative print marks first time U.S. ...Read More

SZ News: Leading Indicators Rise, Signaling Slump Is Abating

[Skip to the end] Yes, seems to be world wide. The combined global fiscal measures both pro active and ‘automatic’ seemed to have halted the slide. Depressions are highly improbable with non convertible currency and floating fx policies. Swiss Leading Indicators Rise, Signaling Slump Is Abating By Klaus Wille July 31 (Bloomberg) ...Read More

NY FED – Shadow Financial Market

[Skip to the end] The findings add support to my proposal to ban banks from all secondary markets Federal Reserve Bank of New York Staff Reports The Shadow Banking System: Implications for Financial Regulation Tobias Adrian Hyun Song Shin Staff Report no. 382 July 2009 This paper presents preliminary findings and is ...Read More

TIPS 5 year 5 years fwd

This used to be one of the Fed’s major concerns as they are steeped in inflation expectations theory. It could still signal a need to keep a modestly positive ‘real rate’ though the large ‘output gap’ is telling them otherwise. History says they’ll put most of the weight on the output gap, ...Read More

JN Daily | Jobless Rate Moves Higher, CPI drops, HHold Spending Misses Expectations

[Skip to the end] Looks like China is starting to stabilize Japan, which means it is probably helping the eurozone some as well. Shipments Up Across Industries In June As Production Recovers Cost Cuts Help Electronics Firms Reduce Losses In April-June Jobless Rate Hits 6-Year High Of 5.4% In June Household Spending ...Read More