Weekly Econoreadings

Europe… Europe…Europe…. (but don’t let the news blind you, US is in deep trouble also, and even the mighty China). But in any case, this week news were all about Europe.

Greece:

http://www.zerohedge.com/news/latest-greek-economic-collapse-means-country-will-soon-be-out-eurozone-or-bankrupt-or-both

http://globaleconomicanalysis.blogspot.com/2011/09/greek-1-year-debt-yield-hits-108-still.html

http://www.zerohedge.com/news/greek-1-year-bond-yield-1117

http://pragcap.com/robertson-greece-will-default-macro-is-so-bad-everywhere

France:

http://www.zerohedge.com/news/so-it-begins-socgen-debt-deposit-ratings-cut-one-notch-aa3-moodys-outlook-negative

http://www.zerohedge.com/news/credit-agricole-expectedly-joins-socgen-moodys-downgrade-path

Economic activity:

http://pragcap.com/weekly-rail-traffic-continues-to-soften

Amazing, almost 100%… tic toc

 

 

 

Scary…

Who will be next?

Weekly Econoreadings

Consumer confidence sinks

http://www.zerohedge.com/news/consumer-confidence-collapses-592-442-lowest-april-2009-hopium-ends-outlook-crushed

ECRI’s view on the recession: video

http://www.ritholtz.com/blog/2011/08/ecri%E2%80%99s-achuthan-jury-still-out-on-recession/

EU data

http://globaleconomicanalysis.blogspot.com/2011/08/eurozone-retail-sales-drop-4th-straight.html

Remember this picture?

http://www.zerohedge.com/contributed/theteleprompter-chief-and-his-jobs-programs

Potential peak in corporate profits?

http://www.ritholtz.com/blog/2011/09/corporate-profits/

Roubini and the recession:

http://www.zerohedge.com/contributed/roubini-sees-60-chance-double-dip-2012-china-and-brazil-also-risk

Rail traffic turns negative

http://pragcap.com/rail-traffic-turns-negative

No comments:

http://globaleconomicanalysis.blogspot.com/2011/09/2-year-10-year-treasury-yields-at.html

Weekly Econoreadings

German confidence: at very low level

http://www.zerohedge.com/news/plunging-german-investor-confidence-sends-european-bank-risk-record

US: no growth in rail traffic

http://pragcap.com/rail-traffic-still-consistent-with-stagnant-growth

US: Consumer sentiment down

http://www.calculatedriskblog.com/2011/08/final-consumer-sentiment-at-557-down.html

Mish on Bernake

http://globaleconomicanalysis.blogspot.com/2011/08/bernankes-invisible-bazooka-ploy.html

 

Weekly Econoreadings

Quite a lot of bad news… I wish it would be the other way around…

Double Dip in the Economy?

http://www.zerohedge.com/news/david-rosenbergs-12-bullet-points-confirming-double-dip-here

Philly Fed

http://pragcap.com/philly-fed-a-total-disaster

Following Japanese Equity Market?

http://pragcap.com/the-japanese-equity-disease

Economic re-forecast

http://www.calculatedriskblog.com/2011/08/more-downward-revisions-to-economic.html

Federal Reserve predictions

http://www.zerohedge.com/news/federal-reserve-prediction-error-rate-33-under-3-months-or-133-annuallized

Greece…

http://globaleconomicanalysis.blogspot.com/2011/08/bad-checks-in-greece-soar-43-as-credit.html

An old theme: Inflation or deflation

http://www.zerohedge.com/news/hyperinflation-vs-hyperdeflation-take-your-pick

Weekly Econoreadings

Greece, European Central Banks, and other PIIGS…. broke?

http://market-ticker.org/akcs-www?singlepost=2581749

http://www.zerohedge.com/article/sp-downgrades-four-main-greek-banks-b-ccc-deposit-flight-concerns-and-well-general-bankruptc

http://globaleconomicanalysis.blogspot.com/2011/06/bond-market-rejects-greek-solution.html

Could the Eurozone break up?

http://www.investorsinsight.com/blogs/thoughts_from_the_frontline/archive/2011/06/18/could-the-eurozone-break-up.aspx

Leading indicators pointing souths & ECRI – Slowdown coming

http://www.ritholtz.com/blog/2011/06/ecri-prolonged-u-s-slowdown-underway/

http://pragcap.com/oecd-leading-indicators-pointing-south

Other economic news

http://www.zerohedge.com/article/historic-collapse-philly-fed-which-prints-77-expectations-70-weakest-july-2009-biggest-3-mon

http://www.ritholtz.com/blog/2011/06/surplusdeficit-as-a-of-gnpgdp/

Reading

http://www.zerohedge.com/article/great-stagnation-2011

Weekly Econoreadings

Economic data hasn’t been good this week. Finally this pumped up economy is starting to crack. What’s the next trick?

Employment data

http://www.zerohedge.com/article/people-who-want-job-now-average-duration-unemployment-both-hit-all-time-highs

Orders

http://globaleconomicanalysis.blogspot.com/2011/06/us-factory-orders-drop-12-durable-goods.html

From ECRI – Inflation: Not so high

http://pragcap.com/ecri-inflation-pressures-will-continue-to-recede

and slower growth

http://www.ritholtz.com/blog/2011/06/ecri-leading-indicators-slowing-growth/

Japan downgraded, Greece bankrupt (almost)

http://www.zerohedge.com/article/dagong-downgrades-japan-aa

http://www.zerohedge.com/article/moodys-downgrades-greece-just-few-notches-above-default-b1-caa1-outlook-negative

Australia, China, …

http://globaleconomicanalysis.blogspot.com/2011/06/chinas-manufacturing-slowest-in-9.html

Weekly Econoreadings

Europe is main headlines this week. The situation in Greece starts to become evident… but we have get used to it, don’t we?

http://globaleconomicanalysis.blogspot.com/2011/05/bailing-out-ecb-hidden-cost-of-saving.html

http://globaleconomicanalysis.blogspot.com/2011/05/former-ecb-chief-economist-says-greece.html

http://globaleconomicanalysis.blogspot.com/2011/05/ecb-board-member-says-greece-can-raise.html

http://www.zerohedge.com/article/europe-goes-worse-horrible-ireland-broker-expected-greece-mulls-splitting-good-and-bad-greec

What about UK?

http://globaleconomicanalysis.blogspot.com/2011/05/chinese-rating-agency-downgrades-uk.html

And some news from USA

http://www.zerohedge.com/article/welcome-recoveryless-recovery-gdp-second-revision-18-expectations-22-initial-claims-surge-42

http://www.zerohedge.com/article/we%E2%80%99ve-just-breached-debt-ceiling%E2%80%A6-next-comes-default

http://www.zerohedge.com/article/advance-peek-ism-number

http://pragcap.com/10-banks-which-pose-the-greatest-systemic

 

Weekly Econoreadings

Some data from the week. It looks to me that the question is who will be blamed for the next fall?

The insolvent Greece

http://www.zerohedge.com/article/greece-has-less-two-month-cash-left-insolvent-ecb-sees-widening-rift-germany

Italy rating cut

http://globaleconomicanalysis.blogspot.com/2011/05/s-revises-italys-credit-outlook-to.html

Fench banks also got a rating cut

http://www.zerohedge.com/article/domino-2-sp-downgrades-largest-french-retail-banking-credit-agricole-greek-exposure-aa

Chicago Activity Index

http://www.zerohedge.com/article/chicago-fed-national-activity-index-drops-045-lowest-august-2010-economy-enters-below-averag

Bank closures: still high

http://www.ritholtz.com/blog/2011/05/fdic-bank-closings-11/

But if you are rich, don’t worry

http://www.zerohedge.com/article/rich-are-about-get-very-very-rich-study-finds-global-millionaire-wealth-set-more-double-2020

On Greece and Spain

Some articles about the situation in Greece

http://www.zerohedge.com/article/greece-downgraded-bb-b-warns-commercial-debt-rescheduling-typically-constitutes-default

http://globaleconomicanalysis.blogspot.com/2011/05/s-cuts-greek-debt-2-notches-deeper-in.html

Europe (Greece, Portugal, Ireland and Spain)

http://globaleconomicanalysis.blogspot.com/2011/05/true-finns-party-chairman-greece.html

Spain:

http://globaleconomicanalysis.blogspot.com/2011/05/prepare-for-bailout-of-spain-spanish.html