Ryan's Feed
Jul 21, 2014

Wall Street ends slightly lower on Ukraine, Gaza worry

NEW YORK (Reuters) – U.S. stocks slipped on Monday as investors remained cautious about instability in Ukraine and Gaza, though the three major indexes ended well off their lows, a sign that some appetite for riskier assets remained.

The S&P 500 fell as much as 0.6 percent, though it recovered most of those losses and closed right above its 14-day moving average, suggesting buyers were using weakness to come back into the market. Still, the day’s losses were broad, and nine of the 10 primary S&P 500 sector indexes fell. The S&P energy sector index represented the only positive group, up 0.2 percent. U.S. crude oil for August delivery CLc1 shot up 1.4 percent to settle at $104.59 ahead of Tuesday’s contract expiry.

Mar 11, 2014
via Counterparties

“A political economy theory of everything”

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The hosannas for Thomas Piketty’s new book, “Capital in the Twenty-First Century”, have started to roll in. Published in French last year and out in English this month, Piketty’s book, Buttonwood says, “might turn out to be one of the most significant economics books that have been produced since 2000”. The World Bank’s Branko Milanovic goes further, saying it might be “one of the watershed books in economic thinking”.

Mar 11, 2014
via Counterparties

“A political economy theory of everything”

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

The hosannas for Thomas Piketty’s new book, “Capital in the Twenty-First Century”, have started to roll in. Published in French last year and out in English this month, Piketty’s book, Buttonwood says, “might turn out to be one of the most significant economics books that have been produced since 2000”. The World Bank’s Branko Milanovic goes further, saying it might be “one of the watershed books in economic thinking”.

Mar 5, 2014
via Counterparties

European role pay

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(Via the Telegraph)

Earlier this week, the European Commission put in place the biggest reform in banker pay since the financial crisis: caps on banker bonuses. Jenny Anderson has a good summary and a link to the rules themselves. Bonuses will be capped at 100% of a European bank employee’s salary, regardless of whether the employee is located in Europe, but can be raised to double that amount with shareholder approval. The UK is considering alternative restrictions, and is challenging the EU’s rules, claiming they’ll make the financial system riskier.

Mar 5, 2014
via Counterparties

European role pay

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

(Via the Telegraph)

Earlier this week, the European Commission put in place the biggest reform in banker pay since the financial crisis: caps on banker bonuses. Jenny Anderson has a good summary and a link to the rules themselves. Bonuses will be capped at 100% of a European bank employee’s salary, regardless of whether the employee is located in Europe, but can be raised to double that amount with shareholder approval. The UK is considering alternative restrictions, and is challenging the EU’s rules, claiming they’ll make the financial system riskier.

Feb 27, 2014
via Counterparties

Quixotic Camp

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House Ways and Means chairman Dave Camp, a moderate Republican from Texas, has released a 979-page tax reform bill – and, in the journalistic parlance of the Times, it’s a “sweeping” one. The bill promises what Camp calls a “simpler, fairer tax code”, cuts middle class taxes, and eliminates some of the more common tax breaks. It also seems to have no realistic chance of passing. Senate majority leader Mitch McConnell — also a Republican — said, “I have no hope for that happening this year”.

Feb 27, 2014
via Counterparties

Quixotic Camp

Welcome to the Counterparties email. The sign-up page is here, it’s just a matter of checking a box if you’re already registered on the Reuters website. Send suggestions, story tips and complaints to Counterparties.Reuters@gmail.com.

House Ways and Means chairman Dave Camp, a moderate Republican from Michigan, has released a 979-page tax reform bill – and, in the journalistic parlance of the Times, it’s a “sweeping” one. The bill promises what Camp calls a “simpler, fairer tax code”, cuts middle class taxes, and eliminates some of the more common tax breaks. It also seems to have no realistic chance of passing. Senate majority leader Mitch McConnell — also a Republican — said, “I have no hope for that happening this year”.

Feb 24, 2014
via Data Dive

Is China’s red-hot housing market finally beginning to cool down?

In China’s housing market — just like in its overall economy — any signs of slower rates of growth are notable. Thanks in part to action by China’s central bank to curb lending, home price growth slowed for the first time since 2012, Reuters reports:

 Here’s Reuters with more:

 China’s home price rises eased for the first time in 14 months in January, the latest sign that the government’s more than four-year campaign to rein in property risk may finally be starting to bite.

Feb 24, 2014
via Data Dive

Is China’s red-hot housing market finally beginning to cool down?

In China’s housing market — just like in its overall economy — any signs of slower rates of growth are notable. Thanks in part to action by China’s central bank to curb lending, home price growth slowed for the first time since 2012, Reuters reports:

 Here’s Reuters with more:

 China’s home price rises eased for the first time in 14 months in January, the latest sign that the government’s more than four-year campaign to rein in property risk may finally be starting to bite.

Feb 21, 2014
via Counterparties

The economics of Venezuela’s unrest

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At least six Venezuelans have died in clashes between anti-government protesters and the police. What started as a student outcry against crime, has turned into a larger protest against the Maduro regime, the opposition-aligned Caracas Chronicles writes. Leopoldo Lopez, a Harvard-educated economist who helped spearhead the movement, was arrested this week and initially charged with murder, but his charges were reduced to instigating arson and terrorism.