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Daily
Daily: Different approaches to generating sustained full employment
I want to highlight three articles on the issue of jobs and full employment because they give one a view of the employment issue from various angles. First is the brief history of unemployment in Britain covering data from 1855. What we see…
Daily: Easy money shifts private portfolio preferences and increases risk-taking
For most market watchers, it shouldn't be a surprise that easy money has an (intended) effect on markets in increasing risk appetite as 'risk-free' returns diminish. This cycle is no different. A number of today's articles point to a…
Daily: Cutting interest on deposits at the ECB won’t spur lending since loans create deposits
Daily commentary
Since I have a decent amount of links, I thought i would do a special Sunday daily commentary. The issue I wanted to highlight is credit and how it gets created. At some point I may make a longer version of this to flesh…
Daily: On Amazon’s reach and Apple’s aggressive moves to stop Android
The FT has a great story on Amazon out today that is a must-read. It chronicles how deeply Amazon has become embedded in the architecture of the retail world in today's digital age. In the other bit of tech news that I thought noteworthy,…
Daily: Data not really pointing to recession outside of Europe
Most of the links are about Europe as usual but I think the breadth of news today is good. I would like to highlight the conflicting economy stories out there. While Europe remains mired in recession, the rest of the world is still…
Daily: More on the unravelling of Europe’s summit agreement
The European Summit which saw an agreement in principle to recapitalise Spain's weakest banks has unravelled in an alarming way. This setback for the Spanish economy and the Spanish government will mean a loss of market funding for Spain.…
Daily: On Europe’s disintegration and Chinese economic data
The latest economic and political news out of Europe is quite discouraging. As you know, my base case for Europe is now a disorderly breakup because I believe events on the ground are moving quicker than politicians can adjust. Recent…
Daily: On Apple’s margin/share quandary and more on the Libor Scandal
The great thing about micro is that when you step away from the scary macro headlines, there is a fair bit of competition and innovation going on in the world. The technology sector is a big part about that.
Daily: On the verge of a second global recession in five years
I have been writing about the global growth slowdown for the better part of a year now. All around, there is economic weakness and more limited policy space to counteract it. And the problem here is that there is no one to do any heavy…
Daily: Already backtracking on European summit details
The biggest news is that the EU is already backtracking on the Euro summit deal that decoupled the sovereign-bank tie which had been causing Spanish and Italian yields to rise. And predictably, Spanish and Italian yields have risen once…