Economic Data

The VIX index hit a multi-year low today (it went below 14.1 this morning).

And going beyond April, the political arithmetic of a post Monti government looks complicated, making the kind of stability needed to advance what the population may well see as “harsh” reforms unlikely. In other words, as Monti says, when…

According to recent media reports, the Indian Prime Minister Manmohan Singh is about to announce the appointment of University of Chicago professor and former International Monetary Fund Chief Economist Raghuram Rajan as India's chief…

The data pointing to the synchronised global slowdown continues. This time we have a string of data from the United States, the United Kingdom, India and China telling us that the economy is not doing well. Here I am leaving Europe aside.…

I do have a lot of links though and here they are. The big issue is the economic slowing in the US and Europe. These articles demonstrate that the global slowdown is spreading beyond the eurozone periphery and is well entrenched in the US…

I have been running this poll since January. We have over 2000 votes, so I am ending it. Here are the results:

As the Eurozone recession (which started months ago) worsens, the area's manufacturing activity, as measured by the PMI index, is contracting at a pace not seen since 2009. A great deal of this decline however is now driven by Germany…

The 172k rise in July private sector payrolls was well above the consensus forecasts and the best showing in 5 months. Hourly earnings rose 0.1% and the work week was unchanged. After a string of disappointing news this is surely,…

Case-Shiller came out with some numbers earlier today, showing they too will soon be confirming the housing recovery in the US.

Everywhere the slowdown is getting worse, from the UK, the US auto and manufacturing sectors to Germany, Taiwan, South Korea, China and Australia.