Today’s Issue Cluster: US Real Estate & Economy
UK – Q2: Economy Accelerated Ahead of Referendum; +0.6% from +0.4% Q/Q / WSJ / B *
US – Jun: Durable Orders Tumble Again; -4.0% from -2.8% / WSJ / R
US – Jun: NAR Pending Home Sales Rise Slightly; +0.2% / R
US – Why a Fed repeat of 2015 will not help the dollar FT / WSJ *
US – Junk-rated cities shine brighter with record low rates R *
US – Many states, cities, missing chance of lifetime to borrow R *
US – Beware the $10t Glut of Treasuries as Big Deficits Loom B *
US – Debate Over Debt Changes Tone WSJ *
US – Sputtering Car Sales Pose a Risk to Retail Momentum B * *
US – Demand Broadens Beyond Autos B *
US – Groups hoard cash as uncertainty grows FT *
US – ‘Wealth Bubble’ Flashes Warning About Future Downturn B *
US – Lobbyists Are Behind the Rise in Corporate Profits HBR *
US – Most and least expensive places to live / bi *
Fed – Waiting for Overwhelming Evidence to Warrant Hike B *
Fed – Rate-Hike Bets Back on Table on Strong Economic Data B / ft / WSJ *
Fed – Getting Real About the Limits of Their Power B *
US – Banks’ Bet on Consumers is Getting Riskier WSJ *
US – Dodd-Frank costs reach $36b in sixth year B *
US – GOP Platform Calls for Revival of Glass-Steagall WSJ / NYT / WSJ
US – Democratic Platform More Liberal on Financial Regulation WSJ / NYT
US – Latest Data Bad News for People Predicting Recession B *
US – It’s Not a Housing Bubble, It’s Just Expensive B *
US – By This Measure, Homeownership Has Never Been More Valuable B *
US – The Housing Market Is Waving a Red Flag B *
US – End of an Era as China’s Love Affair Fades B * * *
US – NMHC Apartment Market Tightness Remains Negative / cr *
US – AIA Billings Steady / cr *
F&B – Pound’s fall threatens AB InBev takeover of SABMiller FT / WSJ / FT *
F&B – Big brewers see strong potential for weak beer R
F&B – Mexican tax leaves top-end tequila makers reeling FT *
F&B – UK Looks to US to Add Some Tonic to Gin Exports WSJ *
