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’Further further reading
For the commute home, we wish you a great weekend,
- Treasury + Fed = better QE.
- Gulf SWFs are adopting more active investment strategies.
- Is the dismal science really a science?
- March Madness,
US housing update
The FOMC and Larry Summers have been dominating the headlines, but this is also a busy week of news for the US housing market — so here is a brief overview of what we’ve learned so far.
On Monday, the National Association of Home Builders announced that its national housing market index,
Slow US recovery blamed on low demand
Weak demand from battered consumers will be a “major constraint” on the US economy for the foreseeable future, key White House adviser Lawrence Summers said on Monday. Mr Summers, the director of the National Economic Council,
US financial reform plans outlined
The Obama administration will target critical weaknesses in the US financial system, such as thin bank capital cushions and lax lending standards, in a proposed overhaul of financial regulation this week,
Summers regression
Casual observation du jour — but Lehman Brothers is a pretty big outlier.
Related links:
Obama adviser Summers earned millions… – Portfolio.com
Larry Summers calls for boost to demand
Barack Obama’s top economic adviser has urged world leaders to pump more public money into the economy in a co-ordinated effort to boost demand and lift the world out of recession. In an interview with the FT,
US car parts sector seeks $10bn bail-out
The autoparts supply sector, hit by the sharp drop in US car production, is to request at least $10bn of federal bail-out funds from the Tarp scheme. Industry representatives plan to formally request access to Tarp funds soon,
Accepting the threat of a US recession, Summers’ call for fiscal stimulus
The odds of a recession in the US must have increased after a very poor employment report, growing evidence of weak holiday spending, further increases in oil prices, more dismal housing data and further writedowns in the financial sector,
Summers’ on hazard: Three key tests
Misconceptions about the real meaning of moral hazard are the focus for Lawrence Summers (aka Larry, the former US treasure secretary and now Harvard professor) in an FT column on Monday.
The question of moral hazard is “central to every policy discussion in response to a financial crisis or the prospect of a crisis”.