December 1st, 2009 by Belisarius
Back to norm. Dubai World announced debt restructuring talks on (only) $26 billion debt, and the crowd has gone wild. WSJ story (with nice interactive extras): Dubai World in Talks on Debt Restructuring. The dollar is falling again, risky assets are rising and the saga continues. New addition to the situation is The Bank of […]
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October 20th, 2009 by Belisarius
Housing starts rose 0.5% in September to 590k units vs. 615k consensus representing 2.8% growth. August data was revised down from 598k units reported last month to 587k units. If we take this into account the consensus was projecting 4.7 increase; and the reported figure was 0.5%. Bloomberg link: Housing Starts in U.S. Increased Less Than Forecast.
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