18 May 2015



Today’s Issue Cluster: US Economy & Real Estate

Fed – Inflation Undershoots the 2% Target for the 35th Month
Online – Itochu, partners preparing to take on Alibaba
Shale – Saudis Poised To Block Ramp-Up By US Firms


MAJOR DATA POINTS

Japan – Mar: Machinery orders rise; +2.9% from -1.4% / R

US – May: NAHB Home Builder Sentiment Falls for Fourth Time in Five Months; 54 from 56 / R / WSJ / AP / B *


MARKETS



ECONOMICS

US – Tight Mortgage Market Keeps Lid on Debt Levels WSJ * *

US – Why the Economy Keeps Getting Knocked Off Track WSJ *

US – Consumers Are Spending Again B / wsj *

US – Don’t Expect Cheap Gasoline to Fuel Retail Sales WSJ / WSJ * *

US – Where Americans Spend Their Money wsj * *

US – Firms Shoulder Rising Debt WSJ * *

US – Philly Fed Coincident Indexes Increased in 41 States / cr *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Inflation Undershoots the 2% Target for the 35th Month wsj *

Fed – Probability of a rate hike / t *


FINANCE



REAL ESTATE

US – Weak Housing Data Don’t Deter Builders WSJ *

US – Democrats raise the roof over mortgages FT

US – Homebuyers face a tough spring AP

US – Home Prices Start to Heat Up WSJ *

US – Home Sales to Hit Highest Level Since 2006, Realtors Say wsj *

US – ‘Indefinitely postponing the dream of homeownership’ wapo *

US – Strong Dollar Makes Real Estate Less Attractive to Foreigners WSJ *


LABOR & EDUCATION

US – Low oil prices have cost tens of thousands of jobs r *


SERVICES

Online – Can Google Outsell Amazon and eBay? WSJ

Online – Itochu, partners preparing to take on Alibaba N / WSJ / R * *


MANUFACTURING

Ships – Maersk, DSME Reach Agreement in Principle on Container Megaship Order WSJ


TECH



TRADE & TRANSPORTATION

Ship – Regulators to Discuss Alliance Delay, Cost Problems WSJ

Ship – Growing Alliances Are Straining Major US Gateway Ports WSJ

Ship – UN Agency Adopts Polar Code to Prevent Sea Pollution WSJ *


COMMODITIES

Coffee – Less From Brazil Is Expected WSJ

Coffee – Bears feast on strong crop forecasts FT

Coffee – Artisan drinkers provide perk FT *

Cocoa – Asia Loses Its Sweet Tooth WSJ *

Cocoa – World Production / *


ENERGY & ENVIRONMENT

Shale – Saudis Poised To Block Ramp-Up By US Firms IBD *

Shale – ‘Russia Was Right: Europe Has Proved a Dud’ B

Shale – Continental Resources’ chief vows bounce back FT *


HEALTH



ENDNOTE

The Top Exported Good in Each State fixr *

The Top Imported Good in Each State fixr *


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