Frontrunning: August 12

• Former St. Louis Fed president: Say Goodbye to Fannie and Freddie (NYT)
• China PLA warns U.S. over fresh military drill in region (Reuters)
• Debts Rise, and Go Unpaid, as Bust Erodes Home Equity (NYT)
• Spanish Crisis Threatens Second Front as Catalonia Rates Rise (Bloomberg)
• China Shows Further Signs Of Slowing (FT)
• Foreclosure Crisis Spreads Across U.S. as Idaho Defaults Mount (Bloomberg)
• The great false choice, stimulus or austerity (FT)
• The Rubin Con Goes On (The Nation)
• Thousands Crowd Housing Authority For Section 8 WAITING LIST, Fights Break Out (HuffPost)
• Australian Employment Growth Cools, Pushing Jobless Rate Higher (Bloomberg)
• Beijing Tightens Lending In Effort to Slow Economy (WSJ)
•  FDIC Reviews Insurers' Retained Death Benefits (Bloomberg)
• Investors Sceptical Over Yen Intervention (FT)
• Greek GDP Shrinks for Seventh Quarter, Unemployment Rises (Bloomberg)
• ECB Says Recovery Depends on Private Demand, Banks (WSJ)
• Japanese Government Bonds Surge (WSJ)

Overnight economic data:

• Euro-Zone Ind. Prod. sa for June -0.1% m/m lower than expected Consensus 0.6% m/m Previous 1.1% m/m (Revised from 0.9% m/m?
• Euro-Zone Ind. Prod. wda for June 8.2% y/y lower than expected Consensus 9.3% y/y Previous 9.9% y/y (Revised from 9.4% y/y)
• Italy CPI (NIC incl. tobacco) for July 0.4% m/m, 1.7% y/y as expected Consensus 0.4% m/m, 1.7% y/y Previous 0.4% m/m, 1.7% y/y
• Italy CPI - EU Harmonized for July -0.9% m/m, 1.8% y/y as expected Consensus -0.9% m/m, 1.8% y/y Previous -0.9% m/m, 1.8% y/y
• Italy Trade Balance (Total) (Euros) for June -3058.0 Previous -1930.0 (Revised from -1957.0)
• Italy Trade Balance Eu (Euros) for June -1994.0 Previous -513.0 (Revised from -540.0M)
• Norway Retail sales - Vol. sa for June -0.1% m/m lower than expected Consensus 0.2% m/m Previous -0.1% m/m
• Sweden CPI Level for July 302.04 lower than expected Consensus 302.33 Previous 302.97
• Sweden CPI - Headline Rate for July -0.3% m/m, 1.1% y/y lower than expected Consensus -0.2% m/m, 1.2% y/y Previous 0.0% m/m, 0.9% y/y
• Sweden CPI - CPIF for July -0.3% m/m, 1.7% y/y higher than expected Consensus -0.4% m/m, 1.7% y/y Previous 0.0% m/m, 1.9% y/y
• Sweden AMV Unemployment Rate for July 4.8% lower than expected Consensus 4.9% Previous 4.6% (Revised from 4.8%)
• Australia Consumer Inflation Expectation for August 2.8%.Previous 3.3%.
• Australia Employment Change for July 23.5K - higher than expected.Consensus 20.0K. Previous 45.9K. (Revised 37.4K).
• Australia Unemployment Rate for July 5.3% - higher than expected.Consensus 5.1%. Previous 5.1%.
• Australia Full Time Employment Change for July -4.2K.Previous 18.4K. (Revised 12.2K).
• Australia Part Time Employment Change for July 27.7K.Previous 27.5K. (Revised 25.2K).
• Australia Participation Rate for July 65.5% - higher than expected.Consensus 65.2%. Previous 65.2%. (Revised 65.3%).
• New Zealand Business NZ PMI for July 49.9.Previous 56.2. (Revised 55.9).
• New Zealand Food Prices m/m for July 1.6%.Previous 1.3%.
• Japan Buying Foreign Bonds for August 6th¥1040.9B.Previous ¥1273.5B.
• Japan Buying Foreign Stocks for August 6th-¥32.9B. Previous -¥20.4B.
• Japan Foreign Buying Japan Bonds for August 6th¥188.3B.Previous ¥287.4B.
• Japan Foreign Buying Japan Stocks for August 6th¥150.1B.Previous ¥144.1B.
• Japan Industrial Production m/m for June -1.1%.Previous -1.5%.
• Japan Industrial Production y/y% for June 17.3%.Previous 17%.
• Japan Capacity Utilization m/m for June -2.1%.Previous 0.8%.
• Japan Consumer Confidence for July 43.4 - lower than expected.Consensus 43.9. Previous 43.6.

Comments

[Jeff Lebowski]

484,000 bitchez.

[Mongo]

D-FLASHUN!1!1!!

[gookempucky]

Soon GM free car vouchers----courtesy of Govnmt Motors.

wither at the vine we shall.

[Careless Whisper]

Debts Rise, and Go Unpaid, as Bust Erodes Home Equity NYTimes

more banksta propaganda from the ny times. why won't you bad bad people just submit to morgan, rockefeller, and rothschild, and become their debt slaves? obey your banker !!!

[EscapeKey]

Huh? That seems bit of an overreaction, considering what NYT covered is pretty obvious for all to see. The causes may be debatable, but the effects remain.

[Grand Supercycle]

DOW and SP500 bearish megaphone wedge charts continue ...

http://stockmarket618.wordpress.com

[rapunzel]

hey, tyler have you ever thought about a ZH app?

well, apple probably would never approve you, but maybe worth a try. could be really intimidating to B L O O M B E R G. you know what else is really different about your site, no

T I C K E R

every other damn financial blog has the stock ticker. interesting you have chosen not include. well i guess that is not what this is about. probably why i hang around so much, with you guyz.

F R E E D O M just another w o r d, right?