RGE 360

Author: RGE Analyst Team  ·  April 2nd, 2010  ·  258650http%3A%2F%2Fwww.economonitor.com%2Fnouriel%2F2010%2F04%2F02%2Frge-360-8%2FRGE+3602010-04-02+09%3A38%3A02RGE+Analyst+Teamhttp%3A%2F%2Fwww.economonitor.com%2Fnouriel%2F2010%2F04%2F02%2Frge-360-8%2F › Share This Print

Here’s this week’s RGE 360, our Friday morning look at the week ahead in the global economy and our weekly review of the best recent content from Roubini.com.

THE WEEK AHEAD

This Weekend:

• 2-3 April: Iraqi cleric Moqtada al-Sadr’s political faction decides who to back as prime minister. (See RGE Critical Issues: Will Election Results Ease or Exacerbate Iraq’s Tensions? and Iraq: Security Situation Worsening Again?) 

Monday, April 5:

• U.S. Pending Home Sales Index. (See RGE EconoMonitor from Prajakta Bhide and Christian Menegatti: U.S. Home Prices: What’s Really Going On? and RGE Critical Issue: U.S. Home Prices: Any Signs of an Impending Double Dip?) 
• ISM non-manufacturing Index published in U.S. (See RGE Critical Issue: U.S. Service Sector: Will the Recovery Gather Pace?) 
• UK Halifax monthly house price data published. (See RGE Critical Issue: UK Housing Prices: Is the Recent Run Coming to an End?) 

Tuesday, April 6:

• UK election date announced. (See RGE Critical Issue: UK General Election: What Will the Future Hold?) 
• Bank of Japan holds monetary policy meeting until April 7. The bank’s monthly report is due on April 8. (See RGE Critical Issues: Quantitative Easing Returns to Japan: A Losing Battle Against Deflation? and How and When Will Japan Exit from Monetary Easing?) 
• Reserve Bank of Australia holds board meeting. (See RGE Critical Issue: Reserve Bank of Australia Raises Rates: How Much Further Will It Go?) 

Wednesday, April 7:

• U.S. Federal Reserve release monthly consumer credit data. (See RGE Critical Issues: U.S. Consumers: Debt Continued to Contract Through 2009; Net Worth Posted Modest Recovery and Has the Fed Had Any Effect on Credit Growth?) 
• Eurostat publishes 2^nd estimate of Q4 2009 GDP. GDP data is aggregate of the 13 EMU countries. Eurostat also publishes Producer Price Index (PPI) today. (See RGE’s Q1 2010 Eurozone Outlook) 

Thursday, April 8:

• Russia and U.S. expected to sign successor to START agreement on reduction of nuclear arsenals. (See RGE Critical Issue: U.S.-Russia Ties: Nuclear Disarmament Treaty in Sight?) 
• ECB announces monthly interest rate. (See RGE Critical Issue: How Serious is the Risk of Deflation in the Eurozone?) 
• Bank of England’s Monetary Policy Committee announces monthly interest rate. (See RGE Critical Issues: UK Inflation Fell Below Expectations in February and UK Stops Quantitative Easing: An End or a Pause?) 
• German Industrial Production data published by the Federal Ministry of Economics and Technology. (See RGE Analysis: German Data Points to ‘U,’ but Doppel Dipping Still a Risk by Katharina Jungen and RGE Critical Issue: German Industrial Production Disappoints with 0.6% m/m in January.) 
• Australian monthly unemployment figures published. (See RGE Critical Issue: Will Australian Employment Resume Rising?) 
• Brazilian consumer price index published by Brazilian Institute of Geography and Statistics (IBGE). (See RGE Critical Issue: Brazil’s Inflation Outlook: A Benign Picture? and RGE Analysis: LatAm: All Signs Point to April Hike for Brazil by Bertrand Delgado and Juan Lorenzo Maldonado.) 
• ASEAN summit takes place in Hanoi. ASEAN leaders are expected to approve agreements on a joint economic recovery and climate change. (See RGE Critical Issue: ASEAN+3 to Begin Operating the Multilateral Reserve Pool: Signs of Greater Regional Integration and Reduced External Vulnerability?) 

Friday, April 9:

• Monthly unemployment figures released in Canada. (See RGE Critical Issue: Canadian Labor Market: Steady Recovery Ahead?) 
• US Department of Agriculture releases world agricultural production figures. (See RGE Critical Issues: Corn Markets: Is Another Mammoth Crop in the Cards?, Rice Markets: Prices Slump in Early 2010 and RGE’s Q1 2010 Agriculture Outlook) 

Next Weekend, April 10-11:

• Sudan expected to hold presidential and parliamentary elections. (See RGE Critical Issue: What Are the Prospects of Secession for South Sudan?) 
• First round of parliamentary election takes place in Hungary. (See RGE Critical Issue: Hungary Politics: April Elections Cloud Fiscal Outlook) 

RGE WEEKLY ROUNDUP

Here is a look at the best of this week’s offerings from Roubini.com and RGE EconoMonitors:

RGE Analysis:

• In China, Politics Trump Monetary Policy by Adam Wolfe 

• LatAm: Brazil Inflation Holds Steady as Expectations Waver by Bertrand Delgado and Juan Lorenzo Maldonado 

• Time to Take Profit on Long Polish Zloty Positions by Natalia Gurushina and Mary Stokes 

• LatAm: What’s Coming Up? (Week of March 29, 2010) by Bertrand Delgado and Juan Lorenzo Maldonado 

Nouriel Roubini’s Global EconoMonitor

• To Catch China, India Needs Human and Physical Capital, Says Dr. Roubini 
• RGE’s Wednesday Note – The Perils of Name-Calling by Nouriel Roubini 

RGE Analyst’s EconoMonitor

• U.S. Home Prices: What’s Really Going On? by Prajakta Bhide and Christian Menegatti 
• China-U.S. Tensions: What, Me Worry? by Adam Wolfe 

Finance & Markets Monitor

• Senator: Which Part of “Too Big to Fail” Do You Not Understand? by Simon Johnson 
• Misunderstanding the Last Financial Crisis by Barry Ritholtz 
• Volcker, Warren, and Kaufman: There Must Be New Law by Simon Johnson 
• 10 Questions for Finance Reformers by Barry Ritholtz 
• Book Talkin’ by Macro Man 
• Paul Volcker: Do The Right Economic Thing by Simon Johnson 
• Fraud on the Street by Robert Reich 
• Capital Requirements Are Not Enough by Simon Johnson 

Global Macro EconoMonitor

• Crude Oil Still Stuck at $80; Natural Gas Falls Below $4 by Darrell Delamaide 
• Economics for a New Century by Ann Lee 

U.S. EconoMonitor

• Why the President’s Next Big Thing Should Be Jobs by Robert Reich 
• Fischisms: The Strengthening of the Dollar – Economic Recovery or Perception of Global Economic Distress? by Gene Fisch, Jr. and Archana Sivadasan 
• The Ongoing Battle Against Error and Hypocrisy by James Kwak 
• Three Potential Explanations for the Continued Fall in U.S. Savings Rate by Edward Harrison 
• Can’t Help But Put ISM and Confidence Surveys Together: Looks a Little Off by Rebecca Wilder 
• Red States, Blue States and the Distribution of Federal Spending by Jeffrey Frankel 
• America, the Land of Limited Opportunity: We Must Open Our Eyes to the Truth by Fabius Maximus 

Europe EconoMonitor

• From a Greek Debt Crisis to a Eurozone Structural One? by Edward Hugh 
• Can the Eurozone Exist Forever? by Fabian Fritzsche 
• I’m Still Confused About This Whole Eurozone Thing… by Rebecca Wilder 
• Greece Rescue = Smoke and Mirrors by Yves Smith 
• Thoughts on the Eurozone, Greece, and the EMF by Rebecca Wilder 
• Overbanked, Underfunded, and Overly Optimistic: The New Face of Sovereign Europe by Reggie Middleton 
• The Debt Implications of Berlusconi’s “Pyrrhic” Victory by Paolo Manasse 
• The True Causes Underlying the Moscow Metro Bombings by John Daly 

Peterson Institute for International Economics Monitor

• Obama Trade Initiatives Are a Good Start by C. Fred Bergsten 
• Senator Dodd’s Regulatory Reform: A Step Forward by Morris Goldstein and Steve Weisman 

Emerging Markets Monitor

• Who Ya Gonna Call? Entrepreneurs! By William Easterly and Laura Freschi 

Asia EconoMonitor

• Be Careful of Bilateral Trade Numbers by Michael Pettis 
• China’s Debt Bubble: When Will the Ponzi Unravel? by Yves Smith 

Latin America EconoMonitor

• Taxes on Companies by Eduardo Lora 
• A Tale of Two Regions by Jorge Ivan Canales-Kriljenko, Brahima Coulibaly, and Herman Kamil 

Follow RGE On: Twitter | Facebook | RSS

We encourage and value your feedback.  Please write to us at Feedback@roubini.com