- Housing Recovery Is Precarious: Shilling Daily Ticker
The housing rebound is based on rentals, not on new homeowners 'who are the basis of any solid rally,' says economist and investment adviser Gary Shilling.
- China Factory Activity Hits 9-Month Low CNNMoney.com
China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy and raising pressure on the country's central bank to relax policy even as it tries to contain an explosion of credit.
- Sony Rebuffs New Call to Sell Entertainment Unit New York Times
Sony’s chief executive, Kazuo Hirai, told shareholders on Thursday that movies and music were an indispensable part of the company, rejecting a renewed push by the American activist investor Daniel Loeb.
It may not happen today or even this year, but at some point the Fed is going to either reduce its quantitative easing program or stop it entirely.