Eric Burroughs

Across U.S. Companies, Tax Rates Vary Greatly

nytimes.com — Last week, in a Congressional hearing, Apple got grilled for its low-tax strategy. But not every business can copy that approach. Here is a look at what S.&P. 500 companies paid in corporate income taxes - federal, state, local and foreign - from 2007 to 2012, according to S&P Capital IQ.

Cleveland Fed Estimates of Inflation Expectations

clevelandfed.org — The Federal Reserve Bank of Cleveland reports that its latest estimate of 10-year expected inflation is 1.83 percent. In other words, the public currently expects the inflation rate to be less than 2 percent on average over the next decade.

Guest Comment: The European Turnaround

ifre.com — The ECB has achieved some successes over the past two years. Its liquidity injections stopped the bleeding in bank deposits, narrowed the gap in core-periphery bond yields, and made markets more resilient to shocks like Cyprus or Italy's inconclusive elections. Calming markets was the easy part.

DERIVATIVES: QE tapering plans drive rates sell-off

ifre.com — Rising expectations that the US Federal Reserve will pare back its asset purchase programme in the coming months have driven a sell-off across the rates market. But some believe the magnitude of such shifts may have rushed ahead of fundamentals, which paint a more uncertain picture about any imminent tapering in quantitative easing.

Veteran fears 'beginning of the end' for Japan as bond market buckles

telegraph.co.uk — The drama in Tokyo came amid fresh signs that China is struggling to manage the hangover from its four-year lending boom, which has pushed credit to 200pc of GDP and spawned a shadow banking system. The HSBC manufacturing index tipped below the contraction line to 49.6 in May.

DERIVATIVES: QE tapering plans drive rates sell-off

ifre.com — Rising expectations that the US Federal Reserve will pare back its asset purchase programme in the coming months have driven a sell-off across the rates market. But some believe the magnitude of such shifts may have rushed ahead of fundamentals, which paint a more uncertain picture about any imminent tapering in quantitative easing.

ericbeebo: Chart on the combined Osaka/SIMEX ...

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