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Noteworthy News – June 28, 2010

Politics:

Britain unveils ‘unavoidable’ austerity budget – CNN

G20 offers no big boost for fearful markets – Reuters

Can politicians comfort the markets while hammering each other? – Washington Post

Economy:

AT A GLANCE: FOMC Stands Pat On Rates, Softens View On Economy – Wall Street Journal

U.S. Economy: Investment Picking Up, Claims Decline - Bloomberg

Economy in U.S. Expands 2.7%, Less Than Forecast - Bloomberg

CEOs’ View of Economy Brightens – ABC News

Jobs Picture Is Brighter For This Year’s College Grads – Hartford Courant

Summers says economy healthier now than year ago – Reuters

Recession, bear markets hit the rich, too - Reuters

Markets:

Double-Dip Recession Fears Putting Scare Back in Market – Yahoo News/CNBC

Europe’s Debt Crisis Exaggerated by Markets, PBOC’s Li Says – Bloomberg

Mortgage Bond Prices Rise to ‘Insane’ Records: Credit Markets - Bloomberg

Gundlach Sees 10-Year Treasury Yield at 2.5% as Economy Slows – Bloomberg

Oil rises to 7-week high as storm forces Mexico to cut exports – Reuters

Banks:

Financial Reform: Wall Street Wins, Investors Lose – Forbes

Whose Bank to Kick: A Tale of Two Tragedies – Huffington Post

Financial-Firm CDS Costs Drop After Reform Accord – Wall Street Journal

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Posted in Economics, Markets, Media, Politics.


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