Credit Writedowns

This is an addendum to this mornings news links. Most See Inequality Growing, but Partisans Differ over Solutions | Pew Research Center for the People and the Press The Behavioral Psychology of Netflix's Plan to Charge Higher Prices -…

By Win Thin and Ilan Solot With their backs against the wall, policy changes are ramping up amongst major EM countries. Yet the positive impact has been limited so far. We do note that countries that tightened aggressively and…

News links for 30 Jan 2014

I got a lot of feedback from my January 5 blog entry because of my argument that the implementation of the reforms proposed in the Third Plenum all but guarantees that growth rates in China will slow down. For that reason I thought it might…

According to Wikipedia, the Taylor rule is a “monetary-policy rule that stipulates how much the central bank should change the nominal interest rate in response to changes in inflation, output, or other economic conditions.” It is named…

George Magnus is one of the few economists that could claim to have predicted the financial crisis which began in 2007. And last night, he spoke with great concern about the budding crisis now ongoing throughout the emerging markets. I have…

Russian Economy Minister Ulyukayev proposed a possible delay to the ruble free float from the current 2015 target. Remarks are noteworthy, as most officials have consistently said the float would come in 2015. He added that the ruble float…

Right now, everyone is talking about an emerging markets crisis due to the simultaneous turmoil in several emerging markets. I am not concerned about this being a full-blown crisis yet. At the same time, I do want to use this as a launchpad…

News links for 29 Jan 2014

Central banks of several nations who are experiencing sharp currency declines are taking action to stabilize the situation. But not the Russians. The nation's central bank likes the weak ruble because the currency decline boosts the…