IMF Official: Euro’s Slide Not a Problem
By Andrew Monahan A top International Monetary Fund official said Wednesday that the euro's recent falls bring the currency nearer to what should be considered a more balanced level for the medium term, suggesting the IMF doesn't view the unit's slide as a threat to the global economy.
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Truck Demand Illustrates Emerging Markets’ Appetite
Can booming emerging markets keep the global recovery going even if Europe falters? If the market for trucks and other commercial vehicles is any indicator, they very well might.
Categories: Real Time Economy Tags: Europe, global recovery, recovery
Home Defaults Decline in April; Credit-Card Defaults Up
Default rates for first and second mortgages and auto loans declined in April from March but rose for the third month in a row for bank cards, to data released today from Standard & Poor's Ratings Services.
Categories: Real Time Economy Tags: bank cards, default
Fed’s Pianalto: No Need to Raise Rates Soon
The Federal Reserve is unlikely to raise interest rates any time soon given what is likely to be a slow move out of recession, a U.S. central bank official said Tuesday.
Categories: Real Time Economy Tags: Federal, slow move, U.S.
Study: Bonuses Entice Cheating
Want to get a grown up to cheat at work? Just offer him or her a bonus to meet a certain goal, Canadian researchers say.
Categories: Real Time Economy Tags: canadian researchers, Want
Secondary Sources: European Crisis, Financial Regulation, Deficits
A roundup of economic news from around the Web.
Categories: Real Time Economy Tags: economic news, roundup
How to Be a Good Regulator, IMF-Style
The International Monetary Fund is in the middle of trying to coordinate financial regulation globally. But it?s warning that new rules aren?t the only thing needed -- good enforcement of existing rules is also critical.
Categories: Real Time Economy Tags: International, international monetary fund
European Turmoil Hasn’t Dimmed U.S. Profit Outlook
U.S. companies are closely watching the European sovereign debt crisis. The uncertainty is causing jitters -- but so far it has not derailed the outlook for U.S. profits.
Categories: Real Time Economy Tags: debt, debt crisis, U.S.
Home Builder Confidence Increased in May
Home-builder confidence this month shot to its highest level in nearly three years, and sales expectations grew even though a government subsidy for buyers ended.
Categories: Real Time Economy Tags: government subsidy, Home-builder
New Credit Card Law Could Mean Big Savings on Interest for Consumers
Under a new credit card law that took effect in February, each dollar paid above the minimum required on your plastic could save you about $2 in interest, according to the Center for Responsible Lending.
Categories: Real Time Economy Tags: center for responsible lending, Credit