Category Archives: USA

#NYC: #Manhattan Home Prices Drop Most Since 2011

NYC home sales down 8% from a year earlier

First decline in the past 10 quarters and the biggest since the third quarter of 2012.

“It’s just more signs that the sellers are capitulating”

In the three months through September, 93.6% of all purchases were at or below the last asking price, the…

Visit The MasterFeeds to see the whole story. 02, 2019 at 11:39PM

S&P cuts US debt rating to double A plus

It was a long time coming, well it’s finally here:
S&P cuts US debt rating to double A plus

By Robin Harding in Washington and Aline van Duyn and Telis Demos in New York

Contentious and historic move highlights the weakened fiscal stature of the world’s most powerful country
Read the full article at:
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FW: Frontrunning: November 23

  • Posted by: EB
    Post date: 11/23/2010 – 10:28
    While Bernanke was putting the finishing touches on QE2 in DC, 50 global financial regulators met at the New York Fed to discuss regulation of world’s largest market. Instead of financial reform measures, what is being created is simply a massive new power center headed by the CFTC from which those at the top will vainly attempt to manipulate market prices and entrench favored institutions within the new framework.

Frontrunning: November 23

Tyler Durden's picture

  • Goodbye reserve currency: Yuan begins trading against the rouble (China Daily) this is big news
  • US has no good options over North Korean clash (FT)
  • South Korea Prepared to Implement Market-Stability Measures After Shelling (Bloomberg)
  • Focus Shifts to China as North Korea Tensions Escalate (Reuters)
  • China Inflation `Volcano’ May Prove Too Hot for Controls After Cash Surge (Bloomberg)
  • Growth in Thailand, Malaysia Slows, Heralding Caution in Asian Rate Moves (Bloomberg)
  • Irish PM Defiant as Coalition Cracks (FT)
  • IMF urges cuts in Irish minimum wage and dole payments (Irish Times)
  • Europe Has Not Yet Rescued Ireland (FT)
  • Markets’ Bail-Out Relief Rally Is Short-Lived (FT)
  • Fed Adopts Political Tactics on Critics (NYT)
  • Volatility bumps up agricultural trading costs (FT)

Economic Highlights:

  • Euro-Zone PMI Composite 55.4 – higher than expected. Consensus 53.6. Previous 53.8.
  • Euro-Zone PMI Manufacturing 55.5 – higher than expected. Consensus 54.4. Previous 54.6.
  • Euro-Zone PMI Services 55.2 – higher than expected. Consensus 53.2. Previous 53.3.
  • Germany GDP nsa for Q3 3.9% y/y – in line with expectations.Consensus 3.9%. Previous 3.9%.       
  • Germany GDP s.a. for Q3 0.7% q/q – in line with expectations.Consensus 0.7% q/q. Previous 0.7% q/q.
  • Germany PMI Manufacturing58.9 – higher than expected.Consensus 56.8. Previous 56.6.
  • Germany PMI Services58.6 – higher than expected.Consensus 55.8. Previous 56.0.
  • France Own-Company Production Outlook for November 11 – lower than expected.Consensus 15. Previous 16.
  • France Production Outlook Indicator for November 8 – lower than expected.Consensus 10. Previous 9.          
  • France Business Confidence Indicator for November 100 – lower than expected.Consensus 102. Previous 102.
  • France PMI Manufacturing for November 57.5 – higher than expected.Consensus 55. Previous 55.2.  
  • France PMI Services for November 55.7 – higher than expected.Consensus 54.8. Previous 54.8.
  • Italy Consumer Confidence Ind. sa for November 108.5 – higher than expected.Consensus 107.4. Previous 107.7.
  • Norway GDP s.a. for Q3 -1.6% q/q – lower than expected.Consensus 0.5% q/q. Previous 0.1% q/q.      
  • Norway GDP Mainland Norway s.a for Q3 0.9% q/q – in line with expectations.Consensus 0.9% q/q. Previous 0.5% q/q