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.
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Dean Tenerelli, the Man Who is Betting on Spain

WASHINGTON | By Pablo Pardo | In 10 months, the T. Rowe Price European Stock has invested 15% of its $944 million (700 million euros) in Spanish assets. Possibly because, as its manager, Dean Penerelli, explained in Barron’s last week’s issue, he knows Spain. Penerelli is not an idealist, neither a gambler. He speaks Spanish, received an MBA at Barcelona’s ESADE, and worked at Spanish bank Banesto (now part of Banco Santander) in the early Nineties. Another important factor may be that, according to Barron’s, Penerelli “likes to buy on the cheap”.


quantitative easing Tea Party

Tea Partiers for Quantitative Easing?

WASHINGTON | By Pablo Pardo | Last week, the Federal Reserve’s decision to keep bond purchases at the current level was received with some degree of hysteria by the financial markets.  These are, of course, the same financial markets that had decided to ignore the subpar US labor market performance in August, the extremely low inflation rate and, in general, the moderate pace of the US recovery. 


Prosecutors

U.S. Government: Prosecutors Take the Lead

WASHINGTON |  By PABLO PARDO |  With Barack Obama’s popularity decline, those who are taking the lead are prosecutors. The Justice Department is using techniques that had usually been the domain of criminal investigations to pursue crimes on Wall Street.


interest rates

Central banks’ tightening: Learning to live without $33 trillion

WASHINGTON | By Pablo Pardo | The party is about to end. It is a party that has lasted six years. According to Bank of America/Merrill Lynch, during that time, the approximately 173 central banks that exist worldwide have lowered interest rates 520 times and pumped in approximately $33 trillion into the world through different mechanisms, some of them extremely unconventional.


compensation system

Re-Christening stock options

WASHINGTON | By Pablo Pardo | Basically, the whole compensation system has moved from buying to selling (the performance-based restricted stock). That’s all. The actual difference between the two is indistinguishable. 


Republicans

Microsoft Republicans

WASHINGTON | US Republicans have been exceedingly successful at targeting the white population vote. The problem, Pablo Pardo argues, seems to be that it is a shrinking market while Democrat support grows.




No Picture

Why United States’ GDP growth doesn’t mean much for the economy

WASHINGTON | By Pablo Pardo. In  July the American GDP will go up, although the economy won’t even feel it. Nor the so-called sequester or the Fed massive debt purchases have anything to do with it. Oil prices and the dollar are also out of the equation. The key: R&D will be considered as an investment.