Archive - Jul 21, 2009 - Story
Submitted by Tyler Durden on 07/21/2009 07:47 -0500
Asia markets track US higher amid optimism about economy.
Australian central bank says global economy stabilizing, but interest rates could fall further.
California Lawmakers say they have deal to close $26B gap.
Euro slips back from 7-month highs to below $1.42 in early European trading.
Fed's emergency short-term lending programs eases as credit crisis eases.
Oil hovers near $64 in Asia as investors eye company results, weak crude demand.
Submitted by Tyler Durden on 07/21/2009 07:41 -0500
Caterpillar misses revenue estimate by $700 million, and earnings are down 66%, yet stock up almost 10% (Bloomberg)
UTX chimes in on the industrial renaissance of America (Bloomberg)
Must read: Some fear Wall Street too heavily influences the New York Fed (WaPo)
Morgan Stanley's Albatross: Real Estate (WSJ, h/t Gilgamesh)
Also, Commercial loans failing at rapid pace (Ibid, h/t Ibid)
Thanks Greenspan V2 - subprime brokers back as dubious loan fixers (NYT)
