July 2010

This is the Federal Reserve Bank of St. Louis piece by James Bullard that everyone is talking about. Here's the money quote: Under current policy in the U.S., the reaction to a negative shock is perceived to be a promise to stay low…

David Rosenberg is bullish on bonds. And the reasoning for his bullishness has a lot to do with the deleveraging and excess capacity which the bursting of the credit bubble has brought into view. In this sense, his views on inflation are…

I have enjoyed Edward Hugh and Claus Vistesen's posting here as well as on their own sites because they add a European angle to the commentary I think we lacked. But, they also have brought their considerable interest in demographics to…

I got these charts from a BBC article entitled Fixed retirement age to be axed. The article says about UK government retirement planning: The government is planning to scrap the default retirement age in the UK from October 2011.…

How strong is the global recovery? The recovery seems slowest in Greece and the bubble countries (US, UK, Ireland, Spain). It’s pretty poor in Eastern Europe too. It is better in the rest of Western Europe. A good deal better in Australia…

From the BBH Currency Strategy Team. Highlights US dollar is weaker across the board vs. the majors as sentiment appears to be improving today after a consolidative day yesterday.  Risk on FX trading appears to be back on track after…

I am great believer in divergence when it comes to the global economy if anything then because it allows you to take a slightly more nuanced perspective than the risk off/risk on debate that has dominated the discourse for the past two…

Karl Case, an economics professor at Wellesley College and co-creator of the S&P/Case-Shiller home-price index, discusses the U.S. housing market with Tom Keene and Ken Prewitt. The S&P/Case-Shiller index of property values…

Is this xenophobia? Video - Jan Brewer: Most illegal immigrants are 'drug mules' - CNN.com Bias and Bigotry in Academia « Patrick J. Buchanan Losing White America « Patrick J. Buchanan Bob Herbert - Long-Term Economic Pain for…

One of the things I think we can safely say about the impact of the current economic crisis is that the face of Macro Economic theory will never be the same again. Quite what the macro economics of the future will look like is too early to…