August 2010

Fears that the global recovery is faltering is unlikely to prevent Chile's central bank from hiking rates tomorrow.  It had hiked rates last month and the data since has been strong and economists have generally revised higher growth…

I am on holiday for a few weeks. But I am going to write a brief post here on QE because I think it is an important subject. For months now we have heard that the Federal Reserve could start buying up Treasury securities in another…

Highlights The US dollar has fully recouped and more so the losses inflicted in the immediate aftermath of the FOMC’s decision to recycle the MBS and Agency bond holding proceeds backing into Treasuries.  Its somewhat more gloomy…

There has been a lot of excited press commentary recently about China’s overtaking Japan as the world’s second largest economy.  China’s GDP should be larger than Japan’s for the first time sometime this year, which in a similar…

The coverage of nonfarm payrolls is pretty exhaustive, so there isn’t much to add. The massive inflow/outflow of temporary census workers has not only distorted the underlying trends a bit, it’s also confused the reporting. The headline…

Topic of the day: China's Housing market (no links yesterday, but a bunch today. Here is the topic of the day: China and its housing market. What we want to see is a soft landing. But irrespective of this, the question is what a soft/hard…

Highlights The US dollar is trading with a firmer bias across the board.  The main driver appears to be a reassessment of the likely outcome of today’s FOMC meeting as many Fed-watchers play down the likelihood of renewed asset…

The Swedish krona remains a market darling.  Over the past 3-months it neck-to-neck with sterling as the strongest G10 currency, up about 7.75% against the dollar and about 4% against the euro.   It has strong macro-economic…

Most Popular Posts Economy Shilling: "The Economy Really Doesn't Have Much Gas Any More" Grantham: Deflation has won on points ECRI Index annualized change almost a lock for double dip territory A New Spotlight on…

Double-Dip wahrscheinlich - MMNews Slashdot News Story | Is AOL Finally Crashing and Burning? FT.com - Apple executive leaves amid iPhone problems Obama’s Endangered Economists - Opinionator Blog - NYTimes.com Are China and…