Key data releases this week include: NFIB small business optimism (Tue), PPI (Tue), CPI (Wed), retail sales (Wed), industrial production (Wed), housing starts (Thu), and leading economic indicators (Fri).
Barron’s
February 13, 2017
Federal Reserve Chair Janet Yellen gives her semiannual policy report to the Senate Banking Committee on Tuesday and reprises her testimony before the House Financial Services Committee on Wednesday.
Deutsche Welle/Deutsche Presse-Agentur/Reuters
January 30, 2017
The International Monetary Fund said it has discovered repeated instances of eurozone governments manipulating budget data to cover up excessive borrowing between 1995 and 2015. Over that period, borrowing rose to more than 90% of GDP from less than 60%, the IMF said.
Deutsche Welle/Agence France-Presse/Deutsche Presse-Agentur/Reuters
January 31, 2017
A long list of economic reports point to accelerating growth in the eurozone. GDP for 2016 expanded 1.7%, inflation shot up to 1.8% in January, just short of the European Central Bank's 2% target, and unemployment has fallen to its lowest level in seven years.
Kathimerini
February 12, 2017
Politico Pro
Sunday, February 12, 2017
EU and Greek negotiators said they are "close to common ground" on how to end a standoff over the next phase of the Greek bailout and release funds the country needs to make bond payments due soon. "There is a clear understanding that a timely finalization of the second review is in everybody's interest," said Eurogroup President Jeroen Dijsselbloem.
Breakingviews
February 8, 2017
South China Morning Post
Wednesday, February 8, 2017
February 7, 2017
TheStreet.com
For the first time in several years, China's foreign exchange reserves have dropped below $3 trillion, an event that some economist see as worrying. Much of the decline was caused by China's efforts to defend the yuan on the currency markets, but the reserves could come under additional pressure if the falling yuan accelerates capital flight.
South China Morning Post
February 9, 2017
Commercial banks across China are delaying the release of mortgage funds in response to pressure from the People's Bank of China to cool off the property market and slow capital outflow. The central bank has ordered commercial banks to review lending every 10 days, instead of monthly.
Barron’s
February 13, 2017
Whatever the details, the president’s tax proposals face “a very long slog” on Capitol Hill, observes Greg Valliere, chief strategist at Horizon Investments. The House may move quickly, but the problem, as usual, will be in the glacial Senate. While tax reform is definitely coming, a final bill is still a long way off, and a 2017 effective date is looking less likely, he concludes.
Barron’s
February 13, 2017
Fourth-quarter earnings are on pace to grow by 8.4%, according to Thomson Reuters, nearly double the 4.3% reported during the third. And analysts see earnings advancing at a double-digit clip during 2017’s first two quarters.
Barron's
February 13, 2017
While a border tax is often taken as a protectionist measure, 160 countries already use some variation of a border adjustment tax, most often in the form of a value-added tax. That makes the U.S. an exception, rather than the rule.

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