2014

In the links today, I had a number of good posts that focused on the issue of fiscal policy versus monetary policy. There are a number of ways to look at the issue, economically and politically. However, I think the overriding takeaway…

Daily links for 5 Jan 2014

Although still vague on the specifics, China’s Third Plenum November partially clarified the nature of the reforms that Beijing is proposing for China over the coming year. Of course very little was said in any of the related releases about…

By Warren Mosler Back in November my forecast for 2013 was 4%, which at the time was by far the highest around. The govt was spending more than its income by about 6% of GDP, which was about $900 billion if I recall correctly. But then it…

I have some interesting ideas on the eurozone regarding France, a housing decline and its divergence from the rest of Europe. But I am going to save that for a later post. Suffice it to say the German - French spread is widening; it is at…

News links for 3 Jan 2014

During the month of December large money managers have been once again beefing up their long bets on crude oil. What's driving this push into crude? This drawdown in crude was the result of US refineries firing on all cylinders,…

By The Brown Brothers Harriman Currency Strategy Team We call attention to four recent items in China: First, central bank deputy governor penned an article yesterday saying that China will expand the opening-up of the foreign exchange…

Clearly, most analysis for 2014 is upbeat. Economists are predicting higher global growth, higher U.S. growth, an end to the sovereign debt crisis and all manner of positive economic outcomes. And I think all of this upbeat analysis is…

News links for 2 Jan 2014