Monthly Archives: July 2009

TECH OUTLOOK SURVEY: NO RECOVERY SIGNS YET

RBC IQ/ChangeWave Technology Panel – RBC Global Disruptive Technology Survey data were polled during June 2009 from a group of more than 700 individuals, randomly selected from a proprietary global panel of 11,000 leading-edge IT adopters / buyers within 7,500 … Continue reading

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EMPLOYMENT AND EQUITIES: AN ANALYSIS

David Rosenberg, chief strategist at Gluskin Sheff, offers the following analysis of the sustainability of any recovery in the absence of a decisive turnaround in the labour market: Let’s examine the historical record back to 1950: 1. The S&P; 500 … Continue reading

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CASH-FOR-CLUNKERS PROGRAM GETS $2B MORE

The House of Representatives on Friday quickly approved legislation that would add $2 billion to the government’s "cash-for-clunkers" program after demand threatened to bankrupt the program. The plan, formally called the Car Allowance Rebate System (CARS), provides credits of as … Continue reading

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US GDP: INVENTORY REBUILDING CYCLE COMING?

Real GDP was reported down 1% in Q2, a significant improvement from declines of more than 5% registered in each of the two previous quarters. It is worth noting that the drop in Q2 was concentrated in inventories. As today’s … Continue reading

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Bulk Buyers Spend $125 Million For 600 Units In South Florida Since 2008. Average $198/sq.f

Bulk buyers have purchased nearly 600 new condo units in South Florida in the last year, shelling out about $125 million in cash for more than 630,000 square feet of livable space, according to a new report from Condo Vultures® … Continue reading

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JULY CHICAGO PURCHASING MANAGERS INDEX RISES TO 43.4%

Still only “less bad” overall. Production and New Orders are up but Order Backlogs declined. The July CHICAGO BUSINESS BAROMETER™ gained three+ points, for the highest reading since September 2008. (…) Since this is not working out to be an … Continue reading

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CHINA WATCH: China’s land boom, a datapoint

Right after posting Andy Rothman’s arguments against a Chinese bubble (CHINA WATCH: BUBBLE WATCH), I saw this interesting post in FT Alphaville: This is Guangqu Road in Beijing. And this, courtesy of the analysts at Mitsibushi UFG, is the sale … Continue reading

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CHINA WATCH: BUBBLE WATCH

CLSA’s Andy Rothman on bubbling China. In our view, we are only in the early stages of what will be a big asset-price inflation cycle, still far from a bubble or from a point where Beijing will feel compelled to … Continue reading

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Nominee Calls for Scrutiny of Rail Freight Pricing

President Barack Obama’s nominee to head the agency that regulates the railroad industry said he would be "proactive" in addressing shippers’ allegations of pricing abuses by freight-rail companies, and indicated that a law that deregulated the industry is outdated. The … Continue reading

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TREASURY AUCTIONS: A Colder Shoulder for Uncle Sam

A harbinger of tougher days to come? Relatively weak demand for two Treasury auctions this week led to hand-wringing. A big dip in bid-to-cover ratios and in the share of indirect bidders, which include foreign central banks, prompted fears investors … Continue reading

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Euro-Zone Prices Sink as Jobless Rate Ticks Up

The annual contraction in euro-zone consumer prices accelerated in July, increasing deflation risk as the 16-country region works to emerge from recession. The European Union’s Eurostat official statistics agency also said the euro-zone unemployment rate rose to 9.4%, the highest … Continue reading

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‘Cash for Clunkers’ Runs Out of Gas

White House officials and lawmakers were studying late Thursday how to keep alive the government’s cash-for-clunkers incentive program because of concerns the program’s $1 billion budget may have been exhausted after just one week. Obama administration officials warned congressional leaders … Continue reading

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