$Fed Global Backlash Grows
By JONATHAN WEISMAN, WSJ.com
NEW DELHI—Global controversy mounted over the Federal Reserve's decision to pump billions of dollars into the U.S. economy, with President Barack Obama defending the move as China, Russia and the euro zone added to a chorus of criticism.
http://on.wsj.com/dCFv3H
Sarah Palin Takes Aim at Fed, Bernanke
By SUDEEP REDDY, WSJ.com
Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed chairman Ben Bernanke to "cease and desist" with a bond-buying program designed to boost the economy.
http://jlne.ws/cFsd6Q
Foreign investors shun risky eurozone bonds
By David Oakley in London, Kerin Hope in Athens and Peter Wise in Lisbon, FT.com
Foreign investors have cut their holdings of so-called peripheral eurozone government bonds because of rising fears over the health of these economies. Local banks and financial institutions replaced foreign counterparts as holders of Greek, Irish, Portuguese and Spanish debt in the second quarter, at the height of the sovereign debt crisis amid fears of a default. The trend, identified in research by Citigroup based on World Bank and Eurostat data, has continued since the second quarter with government bond auctions attracting almost exclusively local buyers.
http://jlne.ws/c6XTPy
National Economic Update, November 2010 - Economic Research Publications - FRB Dallas
November 9, 2010
Still Waiting for Acceleration
The previous National Economic Update detailed three broad scenarios of possible trajectories for economic output.[1] Data released since then suggest that scenario one—a pickup in growth strong enough to eventually reach the pre-recession path of output—did not occur in third quarter 2010, raising the probability of a longer period of subdued growth. However, the data releases for October, the first month of the fourth quarter, have so far been more positive.
http://jlne.ws/dpeXA9
China downgrades U.S. debt
Posted by Colin Barr, Fortune
A publicity-minded Chinese rating agency has added its two renminbi to the cacophonous debate over the Fed's latest tilt at money-printing. The state-backed Dagong Global Credit Rating Co. on Tuesday downgraded its rating on the United States to A-plus from double-A, maintaining its negative outlook.
http://jlne.ws/dgrTXi
State bank delays first Thai Islamic bond again
Reuters
State-owned Islamic Bank of Thailand has again delayed plans to issue the country’s first Islamic bond, but it could come in the first half of 2011 if market conditions are favourable, its president said on Tuesday.
http://jlne.ws/cdiLh1
When It Comes to Sovereign Credit Analysis, It's Back to Fundamentals
By Usman Hayat, CFA
At CFA Institute's Third Annual European Investment Conference in Copenhagen, Martha Oberndorfer, CFA, managing director of the Austrian Federal Finance Agency, part of Austria's Debt Management Office, opened a panel discussion today on the changing landscape for sovereign credit analysis.
http://jlne.ws/cYgjQb
Icahn's debt classed as junk over uncertain future
Elizabeth Pfeuti, Financial News
One of the world's most iconic activist hedge fund managers has had its latest bond rated as junk, due to its reliance on debt and uncertain income flows, which has also inflicted a negative outlook on the company.
http://jlne.ws/bHTwdo
Credit Suisse And Société Générale Adopt Euroclear Bank’s Loanreach Service
ISS-Mag
Euroclear Bank announces today that Credit Suisse and Société Générale Corporate & Investment Banking have signed up to Euroclear Bank's LoanReachTM service for syndicated loan transactions.
http://jlne.ws/9YxA53
Manager warns of US government bond bubble
Reuters
Those investors still gobbling up US government bonds as a nice defensive investment could be in for a nasty surprise, according to James Montier, a member of GMO’s asset allocation team.
http://jlne.ws/9bZ78m
China and Germany slam U.S. policy before G20 summit
Those investors still gobbling up US government bonds as a nice defensive investment could be in for a nasty surprise, according to James Montier, a member of GMO’s asset allocation team.
http://jlne.ws/bFTpTH
Fannie Mae's Losses Narrow, but $2.5B More Needed in Aid
Carrie Bay, DS News
The nation’s largest mortgage financier reported a smaller loss during the third quarter of this year than it did in the previous quarter, with the latest figures representing a $17 billion improvement over the company’s financial results just a year earlier. Fannie Mae says, though, that it needs another $2.5 billion from taxpayers to cover its net worth deficit for the July-September reporting period.
http://jlne.ws/buHUX5
Wholesale Inventories Up 1.5%; Sales Rise 0.4% in September
By Patrick Temple-West, The Bond Buyer
Wholesale inventories increased 1.5% in September, higher than expected, as businesses increased their stocks of nondurable and apparel goods, the Commerce Department reported Tuesday.
http://jlne.ws/bjhcpL
Architect of Norway's Government Pension Fund Challenges "Current Paradigms" of Institutional Investment Management
By Line Wolf Nielsen, CFA
Knut Kjaer, the founding CEO of Norges Bank Investment Manager, the $450 billion Norwegian Government Pension Fund, promised delegates at CFA Institute's Third Annual European Investment Conference that he would "challenge the current paradigm of institutional investment management." In a session today entitled "Asset and Risk Management in a Post-Crisis Market," Kjaer did not disappoint.
http://jlne.ws/d3LFvU
Job Openings in U.S. Decreased 163,000 in September
By Shobhana Chandra, Bloomberg
Job openings in the U.S. dropped in September for a second month, signaling a sustained labor market rebound will take time to develop, a government report showed.
http://jlne.ws/dknyp3
Gensler: Correcting the record on OTC regulation
DANIEL P. COLLINS, Futures Mag.com
Gary Gensler was sworn in as chairman of the Commodity Futures Trading Commission (CFTC) on May 26, 2009 amid a turbulent debate over regulation. His confirmation fight was a tough one as his previous work in the U.S. Department of Treasury as under secretary of domestic finance caused two Senators to hold up his confirmation because of his vigorous support for keeping over-the-counter (OTC) derivatives exempt from regulation in the Commodity Futures Modernization Act of 2000.
http://jlne.ws/agalds
After setbacks, CME chief stakes out new ground
Reuters
Bruised by two big setbacks this year, the CME’s Craig Donohue is staking out new ground in a landscape ripped up and reseeded by the financial crisis. CME Group Inc., the world’s largest operator of derivatives exchanges, was an obvious beneficiary of the crisis as regulators clamped down on over-the-counter swaps markets blamed for the 2007-2009 crisis.
http://jlne.ws/cMk0UG
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