News from around the web: 2009-07-31


Sorry for the lack of posts today. I have been travelling. Have a great weekend.


  • Vacancy rate for offices reaches an 18-year high –

    CRE is a major problem in Ireland too

  • HSBC May Post Loss on $15 Billion Bad Loan Provisions –

    That Household International deal is looking ghastly.

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  • Wall Street banks on state aid pay out million dollar bonuses – Telegraph

    Business as usual.

  • Japan logs record deflation as demand slides | Reuters

    Lots here on Japan today. They were in deflation but now we’re talking record levels. Deflation of 1.7% is fourth straight monthly increase.

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  • Industrial output climbs 2.4% as surge enters fourth month | The Japan Times Online

    Japan is definitely seeing robust growth off a low base. The quarter’s growth was the most in five decades.

  • Sumitomo to buy Citi’s Nikko Asset | The Japan Times Online

    Asset sales continue at Citi

  • The eyes have it — false lashes catch on big with Japan’s women | The Japan Times Online

    A bit of pop culture news.

  • China: A tale of extreme views – FT Alphaville

    No collapse in China but slower growth, yes.

  • Stock markets – secondary or primary bull? – Prieur du Plessis

    Cyclical, not secular bull.

  • Distraction of the Day: Timothy Geithner’s housing woes on the Daily Show.

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