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Frontrunning: May 3

Submitted by Tyler Durden on 05/03/2011 07:45 -0400

Treasury Will Act to Avoid Default (WSJ)
Conservatives Romp to Crushing Canadian Election Win (Reuters)
China Housing Buyers Hang Back (Shanghai Daily)
Fed Says Banks Eased Terms as Loan Demand Rose (Bloomberg)
Morgan Stanley Joins Funds Buying Commodities As Goldman Sachs Says Sell (Bloomberg)
U.K. Manufacturing Index Dropped to Seven-Month Low in April (Bloomberg)
Global Standard on Banks’ Lending Risks Urged (FT)
New Bundesbank Chief Takes Helm (FT)
Swiss Freeze Gaddafi, Mubarak and Ben Ali’s Funds (FT)
Nations Brace for Retaliation (WSJ)
Pakistan Says Not Part of U.S. Operation to Kill bin Laden (Reuters)
South Korea Blames North for Cyber Attack (WSJ)
RBI hiked its repo rate by 50bps to 7.25%, reverse repo rate by 50bps to 6.25% - higher than expected

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Tue, 05/03/2011 - 08:05 | 1233281 JNM

Canada just got more economically competitive! (Bitchez?)

Tue, 05/03/2011 - 08:11 | 1233294 Oh regional Indian

Anyone experienced those eased bank terms for loans? Knowing that it is all happening in concert, here in india, you can get a loan to open any branded retail franchise just like that. Retail is hot even though the stores look pretty empty (except mass market retailers, who are mostly selling cheap chinese crap). You can get a car loan faster than you can say car or loan and all you need is three pay-slips.

I feel like I'm back in the US in 2006, cheap credit everywhere.

But try raising money for something meaningful!! Like a business that might actually make something.

ORI

http://aadivaahan.wordpress.com/2011/05/02/aaaahhhve-bin-laden-see-i-ave/

Tue, 05/03/2011 - 08:17 | 1233304 zoogle