July 9
Thursday, 07/9/2009 - 9:44 am by Jason Selfe | Post a Comment
What you need to know to navigate today’s economic debates.
G-8 Says Recovery is Too Weak to Withdraw Stimulus (BLM)
Obama says to remain open to second stimulus, as concern that $2 trillion spent worldwide so far hasn’t jolted the global economy back to life.
IMF Says World is Pulling Out of Recession (FT)
IMF forecasts global growth of 2.5 per cent next year, led by strong growth in China and India, a rebound in Japan and positive but sub-trend growth in the US.
Reports Leave Economic Picture as Clear as Mud (WP)
Ambiguity in various economic reports makes investors nervous.
Treasury Dials Back Plan to Aid Banks (WP)
Banks no longer need dramatic government involvement, says US Treasury Department.
De-speculating Markets (Economist)
Playing with regulatory and trading structures will not reduce volatility in commodities markets.
Economic Witch Hunting (EconForum)
Large global capital imbalances and leverage are not the problem with credit markets.
Bid to Clip Fed’s Wings Gains Support in Congress (Reuters)
Rep. Ron Paul’s Federal Reserve Transparency Act of 2009 now has 250 co-sponsors in the House.
Cities Lose Out on Road Funds From Federal Stimulus (NYT)
Cities and their surrounding regions make up two-thirds of population, yet are getting far less than two-thirds of federal transportation stimulus money.
