Frontrunning: March 2

• Qaddafi Vows Fight to ‘Last Man’ as Rebel Town Is Hit (NYT)
• Jon Hilsenrath: When Will the Fed Tighten? Bernanke Elaborates (WSJ)... hint: Never
• Home Prices in China Increase at Slowest Pace in Six Months, SouFun Says (Bloomberg)
• King Upbeat on Inflationary Pressures (FT)
• More Libyan crude cargoes sail from ports (Reuters)
• Trichet to Talk Tough on Inflation (WSJ)
• House votes for $4bn cuts to avert shutdown (FT)
• China Economist: Yuan 'Has Room to Appreciate' (WSJ)
• Propaganda bureau speaks: Why Obama is a pro-business president per Bill Daley (FT)
• San Francisco Fed Names Research Head Williams President to Succeed Yellen (Bloomberg)
• Philippines Should Raise Rates in `Near Term' to Fend Off Costs, IMF Says (Bloomberg)
• Union Pay Isn’t Busting State Budgets (NYT)

European Economic Highlights

• Euro-Zone PPI for January 1.5% m/m 6.1% y/y - higher than expected. Consensus 1.1% m/m 5.7% y/y. Previous 0.8% m/m 5.3% y/y.
• UK PMI Construction for February 56.5 - higher than expected. Consensus 52.8. Previous 53.7.
• Norway Retail sales for January 0.1% m/m 0.4% y/y - lower than expected. Consensus 0.5% m/m 2.7% y/y. Previous -2.0% m/m 2.6% y/y.
• Sweden Current Account for Q4 53.3B. Previous 50.3B. Revised 48.0B.

Comments

[101 years and c...]

obama is pro TBTF bank, pro golf retailer, and pro big oil.

if you're not one of those, he could care less.

[snowball777]

I think you forgot GSEs and GM.

"We're destroying the dollar for you, businesses" - W. Daley

[Think for yourself]

Pet peeve of mine. If "he could care less", then that means he necessarily cares more than not at all.

http://incompetech.com/gallimaufry/care_less.html

[snowball777]

House votes for $4bn cuts to avert shutdown

Republicans spit in ocean, demand medal.

[Cash_is_Trash]

$4 billion is soooo yesterday...

[Careless Whisper]

TPX surges from $5 to $45 in two years as people demand bigger mattresses. Or am I dreaming?

"Our bed is big enough for all three of us, and we take turns sleeping in the middle."

http://www.nypost.com/p/news/national/threezy_for_kinky_does_it_sheen_We...

[IBelieveInMagic]

Thanks for the tip based on evolving social mores! 

[EconSammie]

A lot of care is required when you listen to Mervyn King. A good blog post points out that he also said this when interviewed.

The projections that we published in the inflation report a couple of weeks ago have the characteristic that the inflationary pressures are pretty much back to target by around the middle of this year.

When this statement was uttered I hope that there were gasps around the room and I mean gasps of incredulity.

http://notayesmanseconomics.wordpress.com

So sometimes Governor King talks as if a fantasy....