Five Things: Revisiting the "All-One-Market" Theme Kevin Depew Jun 29, 2009 12:45 pm |
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I assume that will be the end of it, but I'll keep you posted.
5. News & Weirdness
JPMorgan Tightens Grip on Equity Underwriting Market by Selling Own Shares - Bloomberg
JPMorgan Chase (JPM), Goldman Sachs (GS) and Morgan Stanley (MS) are reportedly tightening their grip on equity underwritings thanks largely to their own share sales. JPM's sales so far this year account for nearly 20% of that firm's total U.S. sales, according to the article.
IEA Cuts Forecast, Says Oil Demand to Be Below Last Year's Level Until '12 - Bloomberg
International Energy Agency, predicts oil consumption won’t regain 2009’s levels until 2012.
File Under: Potential Deflationary Forces: Commodity Rally May Be Ending - Bloomberg
Global economic weakness may curb sales just as producers expand supplies believing the worst is over.
Filed Under: Additional Deflationary Pressures Incorrectly Assumed to Be Inflationary: Wary Banks Hobble Toxic-Asser Program - WSJ
The headling pretty well says it all - "wary" banks. Why so wary? Risk aversion... on all sides.
Geography of a Recession - NYT
This map shows, graphically, job losses across the country. Check it out, and then go back and see Five Things from June 12 on the correlation between foreclosures and swine flu in the U.S.
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