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: Macroeconomic Research
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Sunday Night Futures

May 20th, 2013
in
Monday: • At 8:30 AM ET, the Chicago Fed National Activity Index for April will be released. This is a composite index of other data. Weekend: • Schedule for Week of May 19th The Asian markets are green tonight with the Nikkei up 1.0%, and Shanghai Composite up 0.2%.

Report: Wells Fargo, JPMorgan Chase and Citigroup "nearly halt foreclosure sales"

May 20th, 2013
in
From Scott Reckard at the LA Times: 3 big banks nearly halt foreclosure sales after U.S. tweaks orders Sales of homes in foreclosure by Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. ground nearly to a halt after regulators revised their orders on treatment of troubled borrowers during the 60 days before they lose their homes.

Helicopter money as a policy option

May 20th, 2013
in
Lucrezia Reichlin, Adair Turner, Michael Woodford, 20 May 2013With persistently weak economic conditions becoming the norm in Europe, economists are considering increasingly unconventional policy options. One tool that has yet to be taken out of storage is ‘helicopter money’, i.e. the overt monetary financing of government deficits.

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