2014

Europe’s PMI show a divergence between Germany and France China’s manufacturing sector is still contracting The US student debt problem is growing

Yesterday, I wrote up a piece at the New York Times’ Room for Debate forum about the legacy that Tim Geithner left behind, given his recent memoir “Stress Test”. The question was : “Did the government miss a historic opportunity to reshape…

The big news today is the Gazprom deal in China. This is a $400 billion gas deal to supply gas from Russia to China for 30 years that has been in the works for over a decade. But the changing geopolitical atmosphere has given it urgency.…

Russia's Putin says to invest $55 billion in exploration, pipeline construction to China | Reuters Lenovo overtakes Apple in US personal computer market - Telegraph Russia, China Sign $400 Billion Gas Deal After Decade of Talks -…

Today, rather than write to a single theme, I am going to highlight a number of stories that I have seen over the past few days that I think are important. Spain. Bad debts in Spain are now declining ever so slightly. The latest data for…

News links for 20 May 2014

I am skipping the news links today to go right to the daily commentary. I want to continue my thoughts on what’s happening in Europe and why I think the ECB will become more activist. There are a number of policy options on the table for…

The Chinese property bubble is bursting Chinese wage pressure is rising Chinese search for oil has increased geopolitical tensions

News links for 16 May 2014

The data out of the eurozone this morning were below expectations. Growth in Q1 was up just 0.2% versus an anticipated 0.4% pickup. Much of this growth came from Germany, as many countries in the eurozone saw no growth or contraction. This…