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Wednesday, October 10, 2012

General Economics

News                                                                                                                             
Market Watch | U.S. approves stress test rules for 100 banks
Bank regulators on Tuesday approved regulations requiring more than 100 large financial institutions with more than $10 billion in assets to conduct annual stress tests to ensure they have enough capital in the event of a deep recession.
FOX Business | OPEC Trims Demand Forecast, Sees Ample Supply Continuing
OPEC trimmed its forecast for world oil demand growth in 2013 due to a slowing global economy and said it expected a trend for ample supply to persist, reinforcing its message that producers are doing enough to tackle high prices.

Econ Comments & Analysis                                                                                            
WSJ | Dodd-Frank's Heavy Hand but Slight Value
A little more than two years ago President Obama signed the Dodd-Frank bill, promising to end taxpayer-funded bailouts.
Real Clear Markets | In the Post Dodd-Frank Derivatives World, October 12th Matters
October 12 is a big day in the over-the-counter (OTC) derivatives world, as key provisions of Dodd-Frank's derivatives framework are set to go into effect. Regulators are adding to the anticipation by leaving the markets in suspense about how the rules work. The uncertainty surrounding what will happen on the 12th is emblematic of the government's unstructured approach to the Dodd-Frank implementation process.
Market Watch | Economy missing its spark, top forecaster says
The U.S. economy is missing that vital spark that could lead to a virtuous cycle of faster growth and more jobs, said Paul Ashworth, chief U.S. economist for Toronto-based Capital Economics, and the winner of the Forecaster of the Month award from MarketWatch.

Blogs                                                                                                                             
Economist | Slower and slower
The International Monetary Fund's new World Economic Outlook is out this week, and the latest global growth projections are dismal, if expected. A few things stand out. One is the steady downshift in global growth since 2010 (which, to be fair, was one of the best annual global growth performances ever).