10 February 2015



Today’s Issue Cluster: US Real Estate

Media – Newspapers continue to sink
US – Left and Right Align in Fighting Obama’s Trade Agenda
Oil – Could plunge to $20: Citigroup


MAJOR DATA POINTS

China – Jan: Inflation Drops to Five-Year Low; 0.8% from 1.5% / WSJ / X *

China – Jan: Producer prices continue declines; -4.3% from -3.3% / X *

Germany – 2014: Enjoys Record Year for Trade; €1.13t / WSJ *

US – Dec: Wholesale inventories barely rose; +0.1% from +0.8% / R *

US – Dec: JOLTS Jobs Openings Up; 5.0m from 4.8m / cr *


MARKETS

Bonds – Show Worries About Eurozone WSJ *

Bonds – Negative Eurozone Yields Becoming New Normal WSJ / q *

Bonds – Africa’s Bonanza Finds Fewer Takers WSJ *


ECONOMICS

US – Forecasters see 2% growth wsj * *

US – Has few manufacturers making consumer products WSJ *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

US – Small Banks Score Gains in Lifting Regulation WSJ

US – Regulations hit smaller banks hardest FT

US – Small Banks Plan New Consumer-Loan Program WSJ *

US – Biggest Banks Lag Behind as Economy Gains Steam WSJ *


REAL ESTATE

US – CoStar: Commercial Real Estate prices increase cr *

US – CoreLogic: House Prices up 5.0% cr *

US – Homeownership Rate Falls to 20-Year Low WSJ / wsj *

US – Remodeling Market Has Regained its Mojo wsj *

US – Builders Bet on Strong Spring With Speculative Homes WSJ *

US – Renters Are Majority in Big Cities WSJ *

US – Spec Offices Rise Beyond Manhattan B


SERVICES

Media – Newspapers continue to sink cjr *

Media – UK newspaper circulation dives / r *

Media – News organisations ‘go native’ to find new source of ad revenue FT * * *

Media – The Bad News About the News brookings * * *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

TTIP – EU Support for a Free Trade Agreement with the US / pew *

TTP – Talks enter (hurdle-strewn) home stretch N *

TPP – ‘Crucial in shaping Asia’s economic order’ N *

US – Left and Right Align in Fighting Obama’s Trade Agenda NYT


COMMODITIES



ENERGY & ENVIRONMENT

Oil – Opec predicts rising demand FT / WSJ / R

Oil – IEA Adds to Chorus of Voices Saying Glut Will Abate WSJ / FT / R

Oil – Producers Stress Surviving $50 WSJ *

Oil – Could plunge to $20: Citigroup B

Oil – Contango puts profit in storage FT * *

Oil – Companies in the Cross Hairs of Libyan Violence WSJ *

Oil – Job Losses Start To Hit the Surprisingly Resilient US Industry wsj * *

Oil – Price war inflicts collateral damage in Latin America r *

Oil – Supplies to China / r *


LABOR & EDUCATION



HEALTH

Measles – US outbreak spreads to three more states wapo *

Measles – Vaccine Debate Shifts Tone WSJ / WSJ / WSJ *

Measles – States Target Anti-Vaccine Parents B * *

Measles – Spots of resistance FT * *

Measles – How Anti-Vaccination Trends Vex Herd Immunity WSJ *

Measles – Think the US Has a Problem? Look at Europe nbc / 538 *


ENDNOTE

Second Street more popular than First Street 538 *


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