15 August 2016



Today’s Issue Cluster: US Housing



MAJOR DATA POINTS

X


MARKETS

EMs – Shock Rally in Emerging Currencies Vindicates BlackRock B *

EMs – Currencies rally to one-year highs against dollar FT * *

EMs – Funds Turn Away From NIRPs in Developed World WSJ *

EMs – Are Hot, Except for China WSJ *


ECONOMICS

US – Productivity Slump Threatens Long-Term Growth WSJ *

US – One Sign That Productivity Growth Is Poised to Shoot Higher B *

US – Companies Warning About High Consumer Uncertainty B *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

US – Credit-Card Use Up Among People with Low Credit Scores WSJ *

US – Banks step up credit card push in search of hefty returns FT * *

US – Lenders fall behind in dealmaking drive FT * *

US – Why Some Life Insurance Premiums Are Skyrocketing NYT


REAL ESTATE

US – Tracking and Stress-Testing Household Leverage NYFed

US – Lopsided Housing Rebound Leaves Millions Out WSJ

US – Low Supply Lifts Housing Lot Prices To a Record WSJ

US – The starter home remains elusive R *

US – Foreclosures hit record low FT *

US – We’re At Peak Multigenerational a *


LABOR & EDUCATION



SERVICES



MANUFACTURING



TECH

IT – Outsourcing expected to grow at 6% bw


TRADE & TRANSPORTATION

Ship – Economic Slump Sends More to the Scrap Heap WSJ * *

Ship – Maersk battles to stay on top as downturn deepens R / FT / WSJ *

Ship – LA area Port Traffic Mostly Unchanged cr *

Ship – Bright Horizon for Cruise Companies WSJ *


COMMODITIES

Crops – Record US Estimates Spur Price Gyrations B / FT *

Crops – Brazil set to welcome GM corn imports from the US FT * *


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Blocks Where NYC Real Estate Prices Are Soaring 6sqft *


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