EUROPEAN FINANCIAL STABILITY AND INTEGRATION REPORT 2010

Here are the Dow Jones headlines:

15:52 29Apr11 DJN-DJ EU PAPER: LARGE PARTS OF BANK RESTRUCTURINGS YET TO COME
15:54 29Apr11 DJN-DJ EU: “DISTINCT VULNERABILITIES REMAIN” IN EU BANK SECTOR
15:55 29Apr11 DJN-DJ EU: ROLL-OVER RISK STILL PRESENT IN SOVEREIGN DEBT MARKETS
16:05 29Apr11 DJN-DJ EU: EXIT FROM GOVERNMENT BANK BAILOUTS MAY SPUR M&A WAVE
16:13 29Apr11 DJN-DJ EU: THREAT OF PRIVATE CREDITOR LIABILITY “BADLY RECEIVED”

The full report is below:

EUROPEAN FINANCIAL STABILITY AND INTEGRATION REPORT 2010

Category: Bailouts, Regulation, Think Tank

Are Long-Term Earnings Projections Getting Worse?

Yesterday we noted: Now that companies have to disclose to all at the same time, we believe their investor relations departments are masters at guiding analysts just below actual earnings. This way the companies “beat” expectations and get the positive press and accolades that come with it. Further, it seems that everyone is happy with…Read More

Category: Earnings, Think Tank

Ten Presentation Tips for Movie Lovers

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Category: Film, Weekend

Austan Goolsbee Interview About U.S. Economy

Austan Goolsbee, chairman of the White House Council of Economic Advisers, talks about today’s report showing the U.S. economy slowed more than forecast in the first quarter. Gross domestic product rose at a 1.8 percent annual rate from January through March after a 3.1 percent pace in the final three months of 2010, the Commerce Department said in Washington. Economists projected 2 percent growth, according to the median estimate in a Bloomberg News survey. Goolsbee speaks with Hans Nichols on Bloomberg Television’s “Bottom Line.”

autostart video after the jump
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Category: Economy, Video

Economic Data Update

Chicago PMI moderates from still high levels Following a better than expected April NY mfr’g survey and weaker than forecasted Philly, Richmond and Dallas mfr’g indices, the Chicago PMI at 67.6 was a touch below estimates of 68.2, down from 70.6 in Mar and the lowest since Dec but still is at a high level….Read More

Category: MacroNotes

The US Dollar, Annotated

I felt the need to put the recent dollar weakness into some broader context. So last weekend, I showed this simple 15 year chart of the dollar, showing the huge 41.5% coolapse from 2001-08, versus the current 15+% drop. The feedback was surprisingly; apparently, many of those currently freaking out about the dollar missed it…Read More

Category: Currency, Technical Analysis

Yardeni: Is the Fed Your Friend? It Depends . . .

Dr. Ed Yardeni eloquently delivers our Quote of the Day on inflation, jobs, and the Fed: “The Fed is still your friend if you are invested in cyclical stocks , commodities, and foreign currencies. If you eat food and run your car on gasoline, the Fed will continue to hurt you. If you are looking…Read More

Category: Economy, Employment, Federal Reserve, Inflation

Buy vs Rent

Terrific chart porn from Trulia on the question of whether its cheaper to Buy vs Rent. The answer, like so much in RE, is it depends upon the location: > click for interactive graphic

Category: Digital Media, Real Estate

Yes, it’s down again

Yes, the US$ is down again, 9 days in a row specifically vs the euro after Euro zone CPI for April rose 2.8% y/o/y vs the forecast of 2.7% and up from 2.6% in March. It’s the most since Oct ’08 and there is no core rate given as inflation is inflation no matter how…Read More

Category: MacroNotes

Recency Effect or Depression? The Post-Crisis Generation

The data continues to show the post-crisis recovery is, as expected, sub-par. GDP at 1.8% is soft, and you cannot blame all of it on the mad weather this past Winter. Job creation is disappointing at best, long term unemployment remains an intractable problem. But are we are still in a Recession, or even a…Read More

Category: Economy, Psychology