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发表于 2010-6-23 08:51 AM
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本帖最后由 Diffusion 于 2010-6-23 20:21 编辑
6/23/2010
[CEO's are more optimistic]
http://noir.bloomberg.com/apps/n ... iaTCi4g6M&pos=4
hief executive officers in the U.S. turned more optimistic in the second quarter, expecting stronger sales and additional hiring in the next six months, a survey showed.
The Business Roundtable’s economic outlook index rose to 94.6 in the April-to-June period, the highest level since the second quarter of 2006, the Washington-based group said today. Readings higher than 50 are consistent with economic expansion, and the measure increased from 88.9 in the first quarter.
Seventy-nine percent of executives said they expect sales will grow in the next six months, up from 73 percent in the first quarter of 2010, while 39 percent said they will add to payrolls, an increase of 10 percentage points. Forty-three percent plan to spend more on equipment, down from 47 percent.
“Our member CEOs plan to continue hiring and expect improved sales,” Ivan G. Seidenberg, chairman of the Business Roundtable and chief executive officer of New York-based Verizon Communications Inc., said in a statement. “That said, our CEOs are demonstrating some caution in the area of capital expenditures.”
The survey, in which 106 CEOs responded, was taken from May 24 to June 14. Respondents estimated the economy will expand 2.7 percent this year.
Seventeen percent of the executives said they would decrease headcount, down from 21 percent in the prior quarter, and 43 percent said employment will be unchanged.
[Riches got richer]
http://money.cnn.com/2010/06/23/ ... ld_wealth/index.htm
The number of high net worth individuals, those with assets of $1 million or more, surged by 17.1% in 2009 to 10 million, a survey by brokerage firm Merrill Lynch and consulting firm Capgemini showed. In 2008, the millionaire ranks plunged to 8.6 million worldwide from 10.1 million in 2007.
Millionaires saw the value of their collective assets climb to $39 trillion, up 18.9% from $32.8 trillion in 2008, thanks to substantial growth in emerging markets, the survey showed.
[What makes Bernanke smile]
http://noir.bloomberg.com/apps/n ... iS0tS4LCI&pos=4
Federal Reserve Chairman Ben S. Bernanke’s efforts to keep U.S. prices and employment from falling may get a helping hand from China’s decision to let its currency gain against the dollar.
Greater yuan flexibility will eventually raise prices of goods imported to the U.S. after a decline in the consumer price index for two straight months and as some Fed officials voice concern about inflation slowing too much. The move should also eventually increase U.S. exports of aircraft, steel and wheat to China, said Charles Lieberman, a former New York Fed official.
Fed officials, who are likely to repeat the commitment to an “extended period” of low interest rates in a Washington meeting today, are contending with joblessness that’s still close to a 26-year high. China’s announcement on June 19, which pushed global stocks higher, may ease their concerns that Europe’s debt crisis poses a risk to the recovery.
“It implies a little bit of a positive fillip to domestic growth,” said Lieberman, chief investment officer at Advisors Capital Management LLC in Hasbrouck Heights, New Jersey. “It does also imply some upward pressure on import prices, but I don’t think that’s going to be particularly troublesome to the Fed when the unemployment rate is so high.”
At the last Federal Open Market Committee meeting in April, some policy makers saw inflation risks as “tilted to the downside in the near term” because of slack in the economy and the chance price expectations could decline. Other officials said inflation may pick up because of an expanding global economy and U.S. budget deficits.
[Numbers about delinquency and foreclosure]
http://money.cnn.com/2010/06/23/ ... edefaults/index.htm
Only 40.7% of loans modified in the second quarter last year were delinquent after nine months, compared to 51.6% of those adjusted at the end of 2008, according to the report, published by the Office of Thrift Supervision and Comptroller of the Currency.
The quarterly report covers 64% of all mortgages outstanding in the United States -- some 34 million loans totaling nearly $6 trillion in principal balances. It offers one of the most comprehensive looks at the state of mortgages in America.
And modifications made under President Obama's foreclosure prevention program, known as HAMP, also had lower redefault rates than non-government modifications. Some 7.7% of HAMP modifications were delinquent after three months, compared with 11.3% of all modifications.
Under the HAMP program, borrowers' monthly payments are reduced to no more than 31% of their pre-tax income. Borrowers also receive incentives for making timely mortgage payments.
Interest rate reductions were the most common method that servicers used to reduce monthly payments in the first quarter, implementing them in 85.9% of all modifications. Term extensions were used in 46.8% of modifications, while principal reduction was utilized only 1.9% of the time.
The report also found that delinquency rates dropped for both mortgage made to credit-worthy and to subprime borrowers. The number of newly initiated and completed foreclosures, however, increased by nearly 19% each.
Short sales increased by 9.2% for the quarter, but 120.4% for the year. |
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