Number of the Week: 16% of Bonds Misrated Even Using Lenient Standards
Some 16% of triple-A rated subprime-mortgage bonds issued in mid-2007 should never have received that rating, given the information available at the time.
Categories: Real Time Economy Tags: mortgage bonds, triple
Hooverite Policies Haven’t Arrived in All of Europe Yet
Greece, Spain and Portugal are cutting their budget deficits in response to pressure from bond markets, Brussels and the IMF. But the Continent as a whole isn't tightening its fiscal belt this year amid concerns about the vitality of the global economic recovery.
Categories: Real Time Economy Tags: Brussels, budget, budget deficits, Greece, IMF, Portugal, Spain
The ‘Financialization’ of Commodities
The disconnect between the Baltic Dry, which measures global shipping costs for bulk commodities, and commodity prices is unusual. So too is the way that commodity prices have been moving in sync with each other in recent years.
Categories: Real Time Economy Tags: commodity, commodity prices
Census Hiring Set to Go Supernova
Temporary hiring for the decennial 2010 census has boosted U.S. jobs numbers for the last few months, but in May it looks set to go supernova.
Categories: Real Time Economy Tags: census, Temporary, U.S.
Fed to Test Tool It May Use Later to Tighten Credit
The Fed said it would soon test a tool it could use later on to tighten credit by soaking up cash from the financial system.
Categories: Real Time Economy Tags: Fed
Central Bankers Still Seeing Tame Inflation Data
Good thing inflation pressures remain so modest, sparing policy makers the ugly choice between deciding whether to support growth or combat rising prices.
Categories: Real Time Economy Tags: inflation pressures, thing
Economists React: Consumers Saving More Pennies in April
Economists and others weigh in on the flat consumer spending in April amid the increase in personal income.
Categories: Real Time Economy Tags: Consumer, Consumer Spending
Fed Releases 2011 Meeting Calendar
Mark your calendars. The Federal Open Market Committee on Friday announced its tentative meeting schedule for 2011:
Categories: Real Time Economy Tags: Federal, federal open market committee, Mark
Secondary Sources: Mortgage Interest Deduction, Yield Curve, Motivation
A roundup of economic news from around the Web.
Categories: Real Time Economy Tags: economic news, roundup
Recession May Cut Into Female College Advantage
Since the late 1970s there have been more women than men attending college, and a new report expects the gap to grow over the next ten years. But it's possible the recession may alter that dynamic.
Categories: Real Time Economy Tags: attending college, college