Noteworthy Financial Stories for August 25, 2010

Real Estate
Plunge in home sales not pretty, but necessary for real recovery
http://voices.washingtonpost.com/political-economy/2010/08/painful_as_it_is_to.html?wpisrc=nl_wonk

KC Fed Chief: Commercial Real Estate Dragging Down Community Banks
http://www.housingwire.com/2010/08/24/kc-fed-chief-commerical-real-estate-dragging-down-community-banks

Commercial Property Owners Choose to Default
http://online.wsj.com/article/SB10001424052748703447004575449803607666216.html?mod=dist_smartbrief

When Feng Shui Helps Determine a Deal’s Fate
http://www.nytimes.com/2010/08/25/realestate/25feng.html?_r=1

Orlando: Winter Park breaks ground on $9.1M center
http://www.bizjournals.com/orlando/stories/2010/08/23/daily26.html?ana=e_du_pub

Jacksonville: Standard Pacific buys 32 lots for $1.6M
http://www.bizjournals.com/jacksonville/stories/2010/08/23/daily26.html?ana=e_du_pub

Real Estate Funds Should Prepare for Implications of Dodd-Frank Act
http://www.bizjournals.com/atlanta/real_talk/2010/08/real_estate_funds_should_prepare_for_implications_of_dodd-frank_act.html?ana=e_du_pap


Economy
CBO says stimulus may have added 3.3 million jobs
http://voices.washingtonpost.com/political-economy/2010/08/cbo_says_stimulus_may_have_add.html?wpisrc=nl_wonk

Businesses Oppose Legislative Shortcuts For Tax Bill
http://blogs.wsj.com/washwire/2010/08/24/businesses-oppose-legislative-shortcuts-for-tax-bill/?wpisrc=nl_wonk

The recovery is losing steam, fast
http://voices.washingtonpost.com/political-economy/2010/08/the_recovery_is_losing_steam_f.html?wpisrc=nl_wonk

Fed’s Evans: Economy In ‘Extremely Modest’ Recovery
http://blogs.wsj.com/economics/2010/08/24/feds-evans-economy-in-extremely-modest-recovery/

Democrats move to shore up faltering recovery
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/24/AR2010082406761.html?wpisrc=nl_wonk

Morgan Stanley Says Government Defaults Inevitable
http://noir.bloomberg.com/apps/news?pid=20601087&sid=aIk.v5ASWkBM&pos=3

Credit card debt drops 13 percent in 2nd qtr to lowest level since 2002; late payments decline
http://www.latimes.com/business/nationworld/wire/sns-ap-us--creditcarddelinquencies-transunion,0,3165515.story

Uncooperative QE
http://ftalphaville.ft.com/blog/2010/08/25/325626/uncooperative-qe/

Looking for Ursa Major
http://ftalphaville.ft.com/blog/2010/08/25/325731/looking-for-ursa-major/

The Monetary Base and Bank Lending:
You Can Lead a Horse to Water…
http://research.stlouisfed.org/publications/mt/20100901/cover.pdf

Hangover Theory At The Fed
http://krugman.blogs.nytimes.com/2010/08/24/hangover-theory-at-the-fed/

Guessing the Trigger Point for a U.S. Debt Crisis
http://mercatus.org/sites/default/files/publication/Guessing%20the%20Trigger%20Point%20for%20a%20US%20Debt%20Crisis%208.24.10.pdf

Kevin "Dow 36,000" Hassett* Speaks on "Keynesian Economics"
http://www.econbrowser.com/archives/2010/08/kevin_dow_36000.html

The crisis as a wake-up call
http://www.voxeu.org/index.php?q=node/5435

Floridians among most credit card delinquent
http://www.bizjournals.com/southflorida/stories/2010/08/23/daily31.html?ana=e_du_pub

Credit Markets
Debt Rally Cracking as Double-Dip Fears Haunt: Credit Markets
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a0DSa8q91X_U&pos=4

Treasury Yields Fall to Unattractive Levels: Technical Analysis
http://noir.bloomberg.com/apps/news?pid=20601009&sid=a_gj7hS7phQU

Rogers Says China, World Should Raise Rates in Inflation Fight
http://noir.bloomberg.com/apps/news?pid=20601012&sid=a5JorhcXYj0I

All junk, all the time
http://ftalphaville.ft.com/blog/2010/08/25/325061/all-junk-all-the-time/

If Wall Street Starts Layoffs, Everyone Should Worry
http://www.theatlantic.com/business/archive/2010/08/if-wall-street-starts-layoffs-everyone-should-worry/61973/

Guessing the Trigger Point for a U.S. Debt Crisis
http://mercatus.org/publication/guessing-trigger-point-us-debt-crisis

Corporate debt "wall of maturity" crumbling: study
http://www.reuters.com/article/idUSTRE67N5MN20100824

Fed unlikely to lower rate it pays on bank reserves
http://www.reuters.com/article/idUSTRE67O06720100825

Alternative Investments
The Morning Leverage: Everyone’s Looking For The Exit
http://blogs.wsj.com/privateequity/2010/08/25/the-morning-leverage-everyone%e2%80%99s-looking-for-the-exit/

Other
How big companies can stop the brain drain
http://tech.fortune.cnn.com/2010/08/23/putting-the-passion-back-in-your-organization/