Japan Update – Things Getting Worse?
Japanese official reports are quite scarce, so this is my inferring based on what is not said rather than on what is said.
Archive for March 16th, 2011
Video Of The Day – CNBC – Can Japan’s Economy Recover?
Stephen Roach, Morgan Stanley Asia non-executive chairman, discusses whether the world’s third-largest economy can survive its recent natural disasters. Will it encounter another recession?
Number Of U.S. Housing Starts Fell 22.5% In February; Number Of Building Permits Issued Fell 8.2%
U.S. housing starts in February fell 22.5% to 479.000 vs. revised (24.000 higher) 520.000 January reading. The consensus was at 566.000. On year level U.S. housing starts are down 20.8%.
Morning Reading – Wednesday, March 16, 2011
*** FT Alphaville: Goldman sees no earthquake impact on Japan’s GDP ***
*** FT Alphaville: CDS markets predictably worried ***
*** FT Alphaville: Meanwhile, in Bahrain… ***
*** FT Alphaville: Moody’s downgrades Portugal to A3 from A1 ***
*** FT Alphaville: Portugal: finally about the banks ***
*** Calculated Risk: Lawler: Early Read on February Existing Home Sales ***
*** Zero Hedge: DigitalGlobe’s Satellite Imagery Analysis Of Fukushima ***
*** Zero Hedge: Magnified Picture Of Reactors 3 And 4 Post Explosion ***