2010

The two key events of the day are passing with little fanfare. The weekly initial jobless claims in the US slipped and sufficiently so as to bring down the 4-week moving average for the first time in a little over a month, but remain too…

BBH CurrencyView Highlights The US dollar is mostly softer, though within yesterday’s ranges as market participants await the ECB’s press conference and US economic data. Sterling is under-performing perhaps being impacted by the softer…

by Edward Hugh Well, as we all well know one swallow doesn’t make a summer, and one data point doesn’t swing an argument one way or another, but the latest retail sales PMI reading for Germany is far from being either uninteresting, or…

by Edward Hugh Not only is the French economy the grateful recipient and beneficiary of sustained German export growth, so too is Poland (I’m sure they’ll be glad to hear that in Warsaw!). According to the FTs Jan Cienski: German recovery…

by Edward Hugh Well, having just posted a lengthy study of the German economy on this blog, I started to lazily browse my way around today’s economic news headlines, and Lo & Behold, what did I find over at the FT, a contrarian voice.…

by Edward Hugh The modern world moves at a breathtaking pace, even when most of us find ourselves on holiday. No sooner do we receive, read and start to digest one set of economic data than we find ourselves pushed to think about what the…

by Edward Hugh Spain’s EU harmonised seasonally-adjusted unemployment rate (which is the interesting number) went up again in July, according to the latest data from Eurostat. It rose to 20.3% from 20.2% in June. So despite a double…

Critiquing Obama's economic policy How Obama Got Rolled by Wall Street – Newsweek FT.com / Columnists / Martin Wolf - Obama was too cautious in fearful times Michael Gerson - Obama's wandering economic message My take:…

BBH CurrencyView Highlights The US dollar is broadly lower to start September as stronger data, especially from Australia and China encourage new risk taking. Yet this has not seen the yen and Swiss franc, beneficiaries of risk aversion,…

by Annaly Capital Management Asset bubbles and leverage are kindred spirits. Just look at housing, tech stocks, and tulip bulbs. But if this is a necessary bubble condition, bonds don’t make the cut. Thanks to data provided by AMG and the…