Off The Wires

Items of interest from the wires and the financial circles:

  The government ran up the largest monthly deficit in history in February – AP NEWS Wire 

    Greece – Economy will decline more than expected – Oops! – Reuters

    Sales tax rates reach new record high – Forbes

    UK ask banks to check their books to see if they can withstand another two years of recession – London Times

    Airlines throw temper tantrum, threaten to cancel flights over new rules that prohibit them from keeping passengers locked in the plane for hours on end while still on the ground – WSJ

    GMAC – No exit plan = Billions of losses – WSJ

    JAPAN Q4 FINAL GDP Q/Q: 0.9% V 1.0%E; ANNUALIZED: 3.8% V 4.0%E; NOMINAL Q/Q: 0.1% V 0.2%E; GDP DEFLATOR Y/Y: -2.8% V -3.0%E (wires)

    FHA may warn Congress on Thursday that a double-dip in housing prices may be caused by a modest increase in the minimum down payments on FHA-backed loans – (wires)

    In February, Shanghai property sales volumes declined by 54% (wires)

    CHINA FEB INDUSTRIAL PRODUCTION Y/Y: 12.8% V 19.0%E (5-month low) (wires)

Recent Posts:

• Economic Data and Earnings Schedule for July 27 2010
• Dallas Fed Manufacturing Index – Drops to Lowest Level Since July 2009
• Economic Data and Earnings Schedule for July 26, 2010
• Is The United States Worthy of a AAA Sovereign Rating?
• Crude Oil Market Summary 7/19/2010 to 07/23/2010
• Economic Data and Earnings Schedule for July 23, 2010