News: 2014-01-10

China

China overtakes US as largest goods trader

China’s Appetite for Resources Sharpens – Real Time Economics – WSJ

 

Europe

Wolf of Wall Street screenings prove popular with European bankers | Film | theguardian.com

BBC News – Volkswagen’s luxury car brands post record sales

ECB ready to act again if needed, says Draghi – Independent.ie

Stubborn UK trade deficit ‘pours cold water’ on hopes of export-led recovery | Business | theguardian.com

ekathimerini.com | Greek industrial slump persists, jobless rate at record high [Update]

Joblessness at a record high but the economy could be in a technical recovery soon. “The PMI Manufacturing index rose in December to its highest level in more than four years, to 49.6, just shy of a 50-point mark that divides growth from contraction.” 

Barroso triumphant as jobless Europe wastes five (precious) years of global recovery – Telegraph Blogs

 

North America

Fed’s George: Bond Taper First Step on Path of Normalization – Real Time Economics – WSJ

U.S. ICSC retail sales 3.7 percent in December | Reuters

US retailers slash fourth-quarter profit forecasts after weak holiday season | Business | theguardian.com

Analysis: Housing experts warn of hiccups as new U.S. mortgage rules go live | Reuters

U.S. December planned layoffs plunge to lowest since 2000: Challenger | Reuters

Greenspan, the Keynesian | FT Alphaville

I disagree with this: “To us, the most significant point is that good central bank policy probably breeds bubbles.”

Jobless claims fall as labor market firms | Reuters

The economy: Is this the year growth takes off? | The Economist

TRUTH IN SETTLEMENTS ACT – Elizabeth Warren

For the First Time, the Majority of Congress Are Millionaires | TIME.com

Home Equity Gains Spur the Economy as Owners Buy Cars: Mortgages – Bloomberg

 

Markets

Pimco’s Gross Bets on Bonds in 2014

UPDATE: Bankia 5-yr size set at €1bn, spread at MS+235bp | Capital City | IFRe

Spain Secures Five-Year Funding at Euro-Era Low Cost – WSJ.com

The Tortus sell is Portugal | FT Alphaville

“Portugal needs nominal growth of 3.5 per cent a year to right itself. Which is why we need to talk about Greece again. 1. Delaying the sovereign debt restructuring in Greece was a mistake as it led to bigger haircuts but lower debt relief. 2. Cutting government expenditures and raising taxes has a disproportionately large negative impact on the economy and leads to higher, not lower, leverage.”

Portugal to raise up to €2.5bn in bond sale – FT.com

“Yields on Portugal’s benchmark 10-year debt have fallen almost 70 basis points this year to about 5.47 per cent.”

Overstock.com Partners With Coinbase And Starts Accepting Bitcoins As Payment | TechCrunch

One step closer to legitimacy: Bitcoin payment live on Overstock

‘CoinyeCoin’ launches early after Kanye West legal threat – Independent.ie

 

Technology

AnandTech | Samsung SSD 840 EVO mSATA (120GB, 250GB, 500GB & 1TB) Review

Apple’s domestic Mac sales surge 28.5% as overall PC market shrinks 7.5%

Schneier on Security: Security Risks of Embedded Systems

 

Elsewhere

Gifted Children Get Ignored in School Despite Huge Future Contribution to Society — PsyBlog

 

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More