Economic Data

Nouriel Roubini took the seat in this week’s Big Interview chair with the Wall Street Journal. He says the risk of a global recession is greater than 50 percent and believes the next two to three months will be decisive in revealing which…

The global crisis of 2008-09 hit emerging markets nearly as hard as it hit rich countries, which is welcome news compared to previous crises in which emerging markets often suffered much more than developed economies. This column explores…

This statement was issued to demonstrate coordinated global support in view of recent market turmoil.

Editor’s note: The US government reported that the unemployment rate fell to 9.1%, with non-farm payrolls at +117,000. That exceeds forecasts. However, the labor participation rate was down to 63.9, the lowest since 1983. People are still…

All eyes on US jobs data today, FOMC meeting next week. Euro zone periphery remains under pressure as ECB said to buy bonds; data softer than expected. Global equity markets are lower as growth risks, sovereign risks persist; EM FX softer…

A few weeks ago (July 7th) we wrote a comment entitled "Nothing Matters Until It Does". Now it suddenly does all matter, although all of the problems every one is talking about today have been pretty obvious for some time. These include the…

In Germany movements in GDP follow movements in the rate of expansion of exports. Let’s not get into why that is for the moment (think Germany’s particular demography), and just consider the possibility, despite all the talk over the years…

As Mr Zapatero put it on Saturday, when he announced the date of Spain’s general election, the decision “is in the country’s interest” since from now on there will be certainty, and “certainty is stability”. While it is quite possible that…

The S&P 500 completes its worst run in a long time returning to levels not last seen since March, when we thought we had to write off the entire Japanese economy as a nuclear wasteland. So, is it all back to square one for the already…

Bill Gross was on CNBC yesterday talking about the debt ceiling deal. His first thoughts were about jobs. "There are no jobs in terms of growth. There are no wages in terms of increase… This is a classic de-levering cycle.”