Topic of the Day: Positive Economic Data
- A few positive developments to highlight today. The data from China were generally good. Marc Chandler has the summary. Chinese Data Provides Boost to Risk Rally | Credit Writedowns
- Data from Germany’s ifo Institute show that Eastern Germany is catching up to Western Germany. There is still a considerable gulf, but during this recovery, even the unemployment rate differential has declined. Unemployment has gone down more in East than West. 20 Years After Reunification: Eastern Germany on the Road to Western Prosperity – SPIEGEL ONLINE
- Turkey ratified changes to its Constitution that give it more democracy and give the military less power. In Europe, all of the papers have been lauding the vote. Here’s a German-language article describing the vote. Türken stellen sich hinter ihren Präsidenten – News Ausland: Europa – tagesanzeiger.ch
- For those of a bullish mindset, Richard Berner provides the bullish case for continued recovery into 2011 and beyond. There’s nothing in his analysis to object to. Right now, the jobs aren’t coming. If we can get some job growth here, I see no reason why we couldn’t have a multi-year recovery. U.S. Accelerates in 2011 as Demise of Consumer Is Exaggerated – Bloomberg
The Usual Fare
- IMF urges stimulus to help dire job market | Reuters
- Reinventing Detroit: The road from ruin
- FT Alphaville » Basel III — the analysts react
- GATA: Ultimately Don Quixote will Triumph – chaostheorien.de
- The political failure of Obama’s stimulus package : The New Yorker
- William White: Getting Tough on Banks May Not Hurt Economy « naked capitalism
- FT.com / FTfm / Last Word – A Japanese lecture for bond investors
- FT.com / Columnists / Wolfgang Münchau – A eurozone banking crisis left unresolved
- Economist’s View: Boehner Agrees with Keynesians, Signals He’s Open to Obama Tax Cut
- Harrisburg, Pennyslvania, Bond Default Is Averted by Advance on State Aid – Bloomberg
- Beleive It Or Not, There’s Serious Talk About A Government Shutdown In 2011 | Capital Gains and Games
- Forbes Jumps the Shark | Mother Jones
- Group of Governors and Heads of Supervision announces higher global minimum capital standards
- Goolsbee: Unemployment ‘Going to Stay High’ – ABC News
Just for Fun