Monday, July 14, 2014

General Economics

CNN Money | China's growth stagnates as property threat grows
China's economy is in danger of missing its growth target as risk balloons in the country's all-important real estate sector, according to a CNNMoney survey of economists.
Bloomberg | Citigroup Reaches $7 Billion Mortgage-Bond Settlement
Citigroup Inc. (C) agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.
Market Watch | Three reasons why big investors are betting on housing
Just ask Federal Reserve officials , who laid out a laundry list last week of factors behind the sluggish housing market. To name just a few: credit standards are strict, families are having trouble saving enough for high down payments, and costs are rising.

Econ Comments & Analysis                                                                                            
Market Watch | Economy needs consumers to chip in
Consumer spending is the fuel that runs a modern economy. Oh sure, businesses have to invest and hire to get the party going, but consumer spending generates more than two-thirds of the nation’s economic activity. When they spend more, businesses hire and invest more.
Bloomberg | How to Fix the Credit-Rating System
The credit-rating industry has been one of the more successful fugitives from stricter regulation since the financial crisis. The companies' failure to do their appointed jobs was as spectacular as that of the banks, and at the very center of the whole mess -- yet the regulatory follow-through has been minimal. The vital function that the companies failed to discharge should be rethought.