18 July 2014



Today’s Issue Cluster: US Real Estate

Ukraine – Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact
Chikungunya – Threat rises in US from mosquito-borne virus
EU – Germany Caught Off Guard By Surge in Refugees


MAJOR DATA POINTS

US – Jun: ConfBd leading indicators rose; +0.3% from +0.7% / AP

US – Jul: UMich consumer sentiment dips in preliminary reading; 81.3 from 82.5 / R / cr *


MARKETS



ECONOMICS



POLITICS & FISCAL POLICY

Ukraine – US uses capital markets sanctions to cut deep into Russian economy FT * * *

Ukraine – Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact NYT

Ukraine – Russia sanctions: perfect timing FT / FT *

Ukraine – US Business Groups Fear Russian Reprisal WSJ


MONETARY POLICY



FINANCE

US – Bank Lending Accelerates After Slump WSJ *

US – A Difficult Quarter Again Seen for Banks WSJ *


REAL ESTATE

US – Blame It on the Rain: Slump in Housing Starts Driven by Record Drop in the South WSJ * *

US – Bargain-Hunting Investors Are Spurring Surge in Home Prices NYT

US – Forecast Says Home Prices Are Overvalued, Will Peak In 2016 wsj * *

US – More Homeowners Are Tapping Their Home Equity WSJ *

US – Downside of low mortgage rates? Less selling AP

US – All in the Family Home: Record 57m Living in Multi-Generational Households wsj *

US – Homeownership Rate for Millennials Has Hit Bottom wsj * *

US – China Fuels Surge in Foreign Purchases of Housing WSJ / wsj / 538 * * * * *

US – Retail Rents on Rise as Space at a Premium WSJ *

US – Reis: Strip Mall Vacancy Rate declined slightly cr *

US – Reis: Apartment Vacancy Rate unchanged cr *

US – Axiometrics: Apartment market just had its best quarter since 2001 bi *


SERVICES

Ads – Google searches out new forms for sales jump FT / WSJ / NYT *

Ads – Yahoo Prices: ‘Something Went Dramatically Wrong’ WSJ / NYT / wsj *

Ads – Fraud lurks in shadows of changing digital advertising landscape FT * * *


MANUFACTURING

Defense – Philippines Military Goes on Shopping Spree WSJ *

Defense – Life is likely to keep getting harder for makers of military equipment E * *


TECH

Microsoft – Sheds 18k jobs FT / WSJ / NYT / AP / R / B / FT / WSJ / q * * * * *

Foxconn – Struggles to adjust to China’s changing labor landscape FT * * *

Twitter – Tries to Resize Itself WSJ *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Carbon – Australia Becomes First Developed Nation to Repeal Tax WSJ / FT / AP / R / NYT / ABC / SMH * *


LABOR & EDUCATION

US – Immigration: Life on the line FT * *

EU – Germany Caught Off Guard By Surge in Refugees S / S *


HEALTH

Chikungunya – Threat rises in US from mosquito-borne virus R


ENDNOTE

Battle of the Tricolor: Horizontal vs. Vertical Flags reddit / motw *


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