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The euro crisis is not over, Portuguese edition
Remember how French President Hollande was saying a month ago that the euro crisis is over? Well, he was wrong. Today portugal's yields on 10-year paper vaulted to as high as 7.9% before settling back down again.
The impact of T-Mobile’s new strategy on TMT
T-Mobile USA announced a plan to allow customers to upgrade mobile handsets every six months in the latest instalment in its Uncarrier strategy to brand itself as the customer-focused mobile telecom operator in the US. I believe the…
I like Microsoft’s new corporate strategy but execution is key
Microsoft announced a major strategic overhaul yesterday, shifting to a 'One Microsoft all the time' organizational structure. Now, all of Microsoft's business are in five main functional silos irrespective of platform. I applaud the move.…
Policy makers everywhere willing to reflate if necessary
(News links for 11 Jul 2013) The totality of what we have seen over the past two or three days shows that policy makers in the US, Europe and China all are standing at the ready to support reflation if the varying triggers they have are…
China trade slippage highlights growth deceleration risk
We learned today that China's trade volume unexpectedly 3.1% year-on-year in June with both imports and exports down. This unexpectedly weak data point highlights the risk of growth deceleration in emerging markets generally and China…
Briefly Comparing the Fed and the ECB
The ECB has moved toward forward guidance but they have been careful not to press too far ahead, I suspect because they wanted to get Weidmann on board. Here are two recent comments on ECB policy and some of my own.
Daily Commentary: The ECB’s move toward monetisation
The ECB's forward guidance last week was begun with unanimous support including the German contingent. I think this is a very significant development in the European sovereign debt crisis because it moves the ECB that much closer to full…