Is China’s slowdown worse than economists’ projections?
Further evidence is emerging that China's economic growth is likely to slow further. Even without thinking about growth fundamentals, when you have a 10 trillion...
Category : Editor’s Picks
Will the Fed undershoot its inflation target?
If we assume a bell-shaped distribution, I’d guess the median inflation estimate is around 1.75% or a bit more. In that case there’s roughly a...
The Fed has an uphill battle on “wage pressures” argument
The Fed is now focused on recent improvements in the labor markets as it prepares for the 2015 rate hike. The unemployment rate is approaching...
Prime Working-Age Population Growing Again
I pointed out that "even without the financial crisis we would have expected some slowdown in growth this decade (just based on demographics). The good...
Weekend BRICs and The Week Ahead
BRICs dominating the news-flow…some good, some overrated, some awful. Let’s also highlight key events for the week, not least the US Payroll number on Friday....
Greece Buys Gold Sovereigns as New Greek Drachmas Unveiled
The Euro Working Group discussed Greece’s imminent funding problems yesterday amid mounting concern about how the country will meet its massive obligations. Minister of State...
Ukraine Rations Food; Interbank Rate New Record Low; Monetization of Bonds
Interbank Hryvnia, despite yesterday's statement heads the National Bank and the Finance Ministry to take measures to stabilize the currency as of February 26, the...
Greece Has Less Than One Week of Cash; Another DOA Proposal Discussed Thursday; Exceptional Game Playing
Officials from 19 eurozone governments will meet in Brussels on Thursday to examine a request from Greece to extend its €172bn rescue programme but there...
Hollande Risks Vote of Confidence Over Business-Friendly Legislation; National Debate Over Baguettes
French President Francois Hollande took an unusual step today of passing law by decree, with no parliamentary vote. Article 49.3 of the French constitution allows...
Seven Years Later, Global Debt Keeps Piling Up, $57 Trillion More Than 2007
Seven years after the bursting of a global credit bubble resulted in the worst financial crisis since the Great Depression, debt continues to grow. In...