Articles by Pablo Pardo

About the Author

Pablo Pardo
Pablo Pardo is Washington DC correspondent of El Mundo. Journalist especialized in International Economics and Politics.

“There Are Loose Monetary Policies With Tighter Fiscal Policies”

Julius Sen, Academic Director at the London School of Economics thinks that “we have a flexible model. The market knows it and plays with it, forcing looser monetary policies and tight fiscal policies with the stability pact in Europe and the ‘sequester’ in the US.  Sen claims that “there will be debt reliefs in some eurozone countries.”


US: New Year, New Interest Rates

It’s like a curse. Every time a central bank raises interest rates, it has to retract. Sometimes it’s because the move has been precipitative. Three weeks after the Fed decided to raise rates, oil prices and the Chinese stock market tumbled in unison and Wall Street started a correction. So had the Fed been too hasty?


Dollar's fall could damage ECB policy

Learning To Live With A Strong Dollar

From July 2014 to date, the dollar has risen by 17% and this increase is one of the reasons why the U.S. economy registered paltry growth of only 2% y-o-y in the third quarter. But the market thinks that the strong dollar is here to stay and it is becoming a factor that US policymakers must consider.



Daniel Tarullo

Meet the most important man in the Fed

CANCUN (MEXICO) | A long time ago, in a galaxy far, far away…” the Federal Reserve did not even announce its interest rate movements. Fed watchers had to infer the lending policy of the world’s most powerful central bank just by painstakingly perusing the documents–release, obviously, in paper–of the Fed’s open market operations.  

 

 

 


GM races to placate shareholders

WASHINGTON D.C. | March 18, 2015 | By  Pablo PardoOn December 19, 2008, George W. Bush announced that the US would allocate $13.4 billion to rescue General Motors. Between April 22 and June 1, 2009, Barack Obama provided the company with $36.1. In the end, the state ended up with a 61% of the stake of what is still the second largest car manufacturer in the world.




Hedge funds face the scrutiny of the market

WASHINGTON | By Pablo Pardo | Steven Cohen, James Simmons, Ray Dalio, John Paulson… And, above all, of course, Julian Robertson and George Soros. Hedge fund managers have been lionized, adored, despised and hated. And for good reason: the success of those investment vehicles is unparalleled. According to the New York Times, there are currently 10,000 hedge funds in the world, and the number is growing, with assets worth $2.8 trillion (€2.2 trillion).

 


The curse of cheap oil

WASHINGTON | By Pablo PardoWhy do they call Economics the Dismal Science? In theory, because it is about using limited resources to satisfy unlimited needs. In practice because, no matter what, everything is always bad in Economics. Case in point: cheap oil.