2011

La crise de la dette vous inquiète-t-elle? - L'EXPRESS tags: France Germany sovereign debt crisis…

The global crisis of 2008-09 hit emerging markets nearly as hard as it hit rich countries, which is welcome news compared to previous crises in which emerging markets often suffered much more than developed economies. This column explores…

In America everyone has been bellyaching about the S&P ratings downgrade like its an affront to the greatness of America. This is absolute rubbish. It’s pure denial and economic nationalism. Do you think the Germans would threaten to…

Pimco’s Gross Proves Summers Wrong as Selloff Shows ‘New Normal’ Is Real - Bloomberg tags: economic growth Amazon UK's…

I have been off the grid of late so I have limited blogging capacity. But I still wanted to present a different perspective on monetary policy here for a second given the recent Fed move to permanent zero. First, I should say that my view…

Politically the Fed is constrained. So this is the first salvo in a renewed easing campaign by the Fed. Right now everyone is acting like this isn’t QE. But I told you two months ago that it is.

If the Fed does not do anything new, Bernanke and Co. risk disappointing the market and the fallout that may follow. QE3 at this juncture does not seem a likely and few observers disagree. After the FOMC meeting is out of the way, the…

The Chinese foreign reserve accumulation is really about the exchange rate peg. As long as the Yuan's dollar peg remains near present levels, the current account imbalance will result in an accumulation of dollar reserves. Former Morgan…

Jackie O tapes to reveal her and JFK's affairs and who she believed was behind his death | Mail Online tags: history celebrities…

Sentiment remains poor ahead of FOMC meeting; safe haven trades to remain in favor. Euro zone remains under pressure despite ECB purchases of Italian and Spanish bonds . China data supports soft landing thesis; Asian central banks…