RGE 360

Author: RGE Analyst Team  ·  April 30th, 2010  ·  258815http%3A%2F%2Fwww.economonitor.com%2Fnouriel%2F2010%2F04%2F30%2Frge-360-4%2FRGE+3602010-04-30+09%3A23%3A54RGE+Analyst+Teamhttp%3A%2F%2Fwww.economonitor.com%2Fnouriel%2F2010%2F04%2F30%2Frge-360-4%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

Monday, May 3:

• Iraqi review panel rules on whether to invalidate votes cast for nine winning candidates from the Sunni-backed Iraqiya alliance. (See RGE Critical Issue: Will Election Results Ease or Exacerbate Iraq’s Tensions?) 
• French parliament debates the approval of EU aid to Greece, ahead of eurozone special summit on Greece on May 10. (See RGE Strategy Flash: Implications of the EMU/IMF Greece Deal) 
• United States: April manufacturing index published by the Institute of Supply Management. (See RGE Critical Issue: U.S. Industrial Production: Are Gains in Manufacturing Sustainable?) 
• Global Purchasing Managers Index (PMI), along with PMIs for the United States, China, the eurozone and Russia released for April. (See RGE Critical Issue: How Sustainable Are Improvements in Global Manufacturing?) 
• Review conference of Treaty on Non-Proliferation of Nuclear Weapons begins in New York. Iranian president Mahmoud Ahmadinejad may attend the conference, which will take place until May 28, 2010. (See RGE Critical Issues: What Lies Ahead at the Nuclear Non-proliferation Treaty Review Conference?; Further Sanctions for a Recalcitrant Iran? and World Leaders Gather in Washington for Global Nuclear Talks and RGE Analysis: Obama’s Hand of Friendship: A Rogues’ Gallery of Mixed Results by Michael Moran) 

Tuesday, May 4:

• Australia: Reserve Bank announces interest rate decision. (See RGE Critical Issue: Reserve Bank of Australia Raises Rates: How Much Further Will It Go?) 
• EU transport ministers meet in Brussels to discuss follow-up measures to the disruption of air travel by the Icelandic volcanic ash cloud. (See RGE Critical Issue: Transport Sector Recovery Hurt By Air Traffic Disruptions) 
• United States: Pending home sales data for March. (See RGE Analysis: U.S. Home Prices: Signs of the Dreaded Double Dip? by Prajakta Bhide and Christian Menegatti) 

Wednesday, May 5:

• United States: April ISM Non-Manufacturing Index published. (See RGE Critical Issue: U.S. Service Sector: Is the Recovery Gathering Pace?) 
• Norway: Central bank announces interest rate decision. (See RGE Critical Issue: Will Norway’s Central Bank Hike on May 5, or Stay on Hold Until June?) 
• New Zealand: Q1 unemployment data released. (See RGE Critical Issue: When Will New Zealand Unemployment Peak?) 

Thursday, May 6:

• Eurozone: ECB announces interest rate decision. (See RGE’s Q2 2010 Eurozone Outlook) 
• United Kingdom: BoE announces interest rate decision. (See RGE’s Q2 2010 United Kingdom Outlook and RGE Critical Issue: UK Inflation Rose More Than Expected in March) 

Friday, May 7:

• United Kingdom: Results of May 6 general election announced. (See RGE Critical Issue: UK General Election: Where Do the Polls Point? and RGE’s Q2 2010 United Kingdom Outlook) 
• United States: Unemployment data and nonfarm payroll data released. (See RGE’s Q2 2010 United States Outlook and RGE Critical Issue: Census and Private Sector Hiring Boost U.S. Payrolls: Has Unemployment Peaked?) 
• EMU: Industrial production data released for March. (See RGE’s Q2 2010 Eurozone Outlook and RGE Critical Issue: European Commission Keeps Interim Eurozone Forecast at 0.7%) 
• Canada: Unemployment data released. (See RGE Critical Issue: Canadian Labor Market: How Steady Is the Recovery?) 
• Brazil: April Consumer Price Index published. (See RGE’s Q2 2010 Brazil Outlook and RGE Critical Issue: Brazil’s Inflation Outlook: A Benign Picture?) 

RGE WEEKLY ROUNDUP

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

RGE Analysis:

• Greek Endgame: Time for ‘Plan B’ by Nouriel Roubini, Arnab Das and Elisa Parisi-Capone 
• U.S. Home Prices: Signs of the Dreaded Double Dip? by Prajakta Bhide and Christian Menegatti 
• RGE Q2 2010 Outlook Update Conference Call Replays by RGE Analysts 

Global Market Strategy Q2 2010:

• Overview by Arnab Das 
• Developed Market Fixed Income by Arun Motianey
• Banking Sector by Jennifer Kapila
• Emerging Markets by Natalia Gurushina
• Equities by Gina Sanchez

LatAm Focus:

• LatAm Focus: Revising the Tightening Cycle in Brazil by Bertrand Delgado and Juan Lorenzo Maldonado
• LatAm Focus: Hawkish Statements Foreshadow Brazil’s Next Move by Bertrand Delgado and Juan Lorenzo Maldonado
• LatAm Focus: What’s Coming Up? (Week of April 26, 2010) by Bertrand Delgado and Juan Lorenzo Maldonado

Nouriel Roubini’s Global EconoMonitor

• Roubini Crisis Economics Q&A with Ian Bremmer on Amazon 
• Roubini on Eurozone Panel at the Milken Institute Global Conference 
• Roubini CNBC and Bloomberg Reports on Greece Crisis, European Union 
• Roubini and Milken on Global Financial Markets 

RGE Analyst’s EconoMonitor

• The IMF on Imbalances: Back to Business as Usual? by Rachel Ziemba 
• Bipartisan Wrangling: First Road block for Climate Change Policy at the Senate by Kavitha Cherian 
• Market Snapshot (Daily) by Tetiana Sears: 
• Financial Reform Rattles U.S. Stocks 
• Eurozone Debt Contagion Fears Weigh on U.S. Stocks 
• Market Snapshot: U.S. Stocks Gain on Corporate Earnings and Fed’s Policy Statement 
• U.S. Stocks Gain on Strong Corporate Earnings 

Finance & Markets Monitor

• Reverse Engineering AAA Ratings by Barry Ritholtz 
• More Proof the Bubble Is Back by Yves Smith 
• An SEC Attorney Weighs In… by Barry Ritholtz 
• If SEC v. Goldman Typifies the Crisis, Congressional Reform Misses the Point by Joseph Mason 

Global Macro EconoMonitor

• Learning from the Crisis: Future IMF Lending Role by Reza Moghadam 
• Fair and Substantial – Taxing the Financial Sector by Carlo Cottarelli

U.S. EconoMonitor

• The Republicans Help Reform Inadvertently by Simon Johnson
• The Importance of Getting Wall Street Out of Washington, and Washington Out of Wall Street by Robert Reich 

Europe EconoMonitor

• Italy’s Looming Political Crisis: Dancing Under the (Debt) Volcano by Paolo Manasse 
• The Greek Tragedy Continues by Edward Hugh 
• Greek Bond Yields at 12-Year High, Contagion Increasing by Edward Harrison 
• No Way Out for the Central Bank by Emre Deliveli 
• Help Greece Save Herself by Paolo Manasse 
• 99 Luftballoons in a Beauty Contest by Emre Deliveli 

Emerging Markets Monitor

• Global Economic Prospects and the Developing World by Jose Antonio Ocampo 
• Debriefing Nakheel – Wider Implications for the Sukuk Market by Heiko Hesse and Andreas Jobst 

Asia EconoMonitor

• China Can Avoid Becoming Japan by Models & Agents 
• Asia: Leading the Global Recovery by Anoop Singh 

Latin America EconoMonitor

• Argentina: Sharpening Pencils by Walter Molano 
• Colombia: Revenge of the “Nerds” by Walter Molano 

Peterson Institute for International Economics Monitor

• Facing Up to China’s Currency by Nicholas R. Lardy and Steve Weisman

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