2014

I have been sitting on my ten surprises for this year because not enough ideas had crystallized… until now. I think I will be ready to write the piece next week. Let me go through my thinking somewhat stream of consciously here. As a…

- The big event today is the BOE's Quarterly Inflation Report and the updated economic assessment and forward guidance; sterling is outperforming - Carney indicated that the new forward guidance would look at a broader range of economic…

News links for 12 Feb 2014

2014 is a transition year for the United States because 2013 was the breakout year for growth. In the third and fourth quarters of 2013, US real GDP statistics showed annualized growth of 4.1 and 3.2% respectively. Official statistics also…

News links for 11 Feb 2014

By Marc Chandler The US debt ceiling looms. The House Republicans are still formulating their strategy. Treasury Secretary Lew has said his ability to maneuver will be exhausted by February 27. While this sounds like ample time to avoid a…

Here is the heart of the matter. It is not the motivation to make money that makes people efficient with resources. It is having a single clearly-defined purpose. When objectives are unclear, money is inevitably wasted.

A few weeks ago, I wrote about the slowing of Chinese growth and the rout in commodity currencies, something that affected both developed markets and emerging markets. But the concern has become emerging markets because of political issues…

News links for 10 Feb 2014

News links for 8 Feb 2014