Frontrunning: June 7

Tyler Durden's picture
  • Rogoff - The global fallout of a eurozone collapse (FT)
  • Europe’s Banks Too Fragile to Afford Greek Default (Bloomberg)
  • Geithner Wants Global Rules on Derivatives (WSJ)
  • Low Yields on Treasury Debt No Guarantee Financial Crisis Won’t Hit U.S. (Bloomberg)
  • Debt crisis and IMF to dominate Obama, Merkel talks (Reuters)
  • Lehman Brokerage Gets $2 Billion From Barclays (Bloomberg)
  • Obama’s Chief Economist Goolsbee Is Said to Consider Return to Teaching (Bloomberg)
  • Hong Kong Banks’ Mortgage Rate Increases Taking Steam Out of Housing Boom (Bloomberg)
  • Portugal Winner Pledges to Act Fast (WSJ)
  • Fed Is Said to Back 3 Percentage Point Surcharge for Big Banks (BusinessWeek)
  • Cut taxes to boost economy, IMF tells George Osborne (Telegraph)
  • Syrian activists fear retaliation after 120 soldiers ‘are shot dead’ (Independent)
  • Comedy hour from the always wrong BRIC: Jim O'Neill on why accurate GDP forecasts prove vital to equities performance (FT)
  • In Korea food prices rise higher than others (Joongang Daily)

European Economic Highlights:

  • Hungary Industrial OutputforApr +9.5%yoy – Higher than expected.Consensus +9.1%yoy; Previous +9.2%yoy.
  • Switzerland CPIforMay  +0.4%yoy – Higher than expected.Consensus +0.3%yoy; Previous +0.3%yoy.  
  • Norway Unemployment RateforMay 2.5% - Lower than expected.Consensus 2.6%; Previous 2.8%.
  • Euroland Retail SalesforApr +0.9% mom +1.1%yoy – Higher than expected.Consensus +0.3%mom +0.0%yoy; Previous -1.0%mom -1.7%yoy.
  • Germany Manufacturing OrdersforApr +2.8%mom +10.5%yoy – Higher than expected.Consensus +2.0%mom +9.0%yoy; Previous -2.7% mom 10.1% yoy.

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buzzsaw99's picture

FRA-Gee-Lay, it must be Italian!

buzzsaw99's picture

It could be a bowling alley.

ibjamming's picture

Don't shoot your eye out!

tip e. canoe's picture

Was there no end to this conspiracy of irrational prejudice against Goldie and his Warmaker?

Azannoth's picture

"Obama’s Chief Economist Goolsbee Is Said to Consider Return to Teaching" - poor kids won't know what hit them

pepperspray's picture

I give Goolsbee's departure performance a 9.1

viator's picture

Obama's chief economic advisor resigning

"Austan Goolsbee, head of the president's Council of Economic Advisors, is returning to his University of Chicago post. His departure shakes up the White House team as the nation's recovery sputters."

http://www.latimes.com/news/nationworld/nation/la-na-0607-goolsbee-quitt...

buzzsaw99's picture

Slither back to Chicago bitch.

Careless Whisper's picture

Front run this, from the weiner of the day, Mister Andrew Ross Sorkin, in a totally pathetic attempt to explain why Senator Levin is mixing apples and oranges.

The Fine Print of Goldman’s Subprime Bet

http://dealbook.nytimes.com/2011/06/06/the-fine-print-of-goldmans-subpri...

The vampire squid haters won’t like this column.

If you don't agree with Mister Sorkin and Goldie, well, you people are just haters. haters. just haters.

 

DLab's picture

Newbie here. Is there a reason why you don't always post the "Global Highlights courtesy of Egan-Jones" in the front running post? I've been looking forward to reading that everyday lately.