Benjamin Cole via Historinhas | It is too bad in some regards that Richard “Inspector Clouseau” Fisher, the former president of the Federal Reserve Bank of Dallas, in no longer ensconced in that position. For one, he was always great copy. For seconds, he was one of the most infallible reverse indicators of Post War Era, and economic soothsayers could bet against a Fisherian proclamation with a rare calm.
CSOs around the world have promoted policies on climate change and ensured that marginalized people’s interests are represented in national climate policy for many years
The Chancellor’s latest Budget saw the cumulative forecast for government borrowing over the next five years revised up by close to GBP 40bn. This reflects both weaker cyclical growth and also the Office for Budget Responsibility (OBR) taking a gloomier view on UK trend productivity growth.
Caixin | The 2008 global financial crisis thrust Ben Bernanke into the spotlight as his every move drew unprecedented attention, scrutiny continued until he stepped down as chairman of the U.S. Federal Reserve in 2014.
UBS | Brazil is arguably facing its deepest recession since the 1930s. However, the recent improvement in investors’ perception of the country, combined with data suggesting economic activity is stabilizing, raises the critical question of whether Brazil has reached an inflection point.
BARCLAYS | Despite the recent firming in oil prices, crude remains firmly below the level that we would consider being conducive to additional investment. As such spending continues to come under pressure, with our recently published upstream spending survey showing that companies have revised down budgets by a further 15% since January.
Spain is the third most attractive European country for property investment in 2016, while Madrid is the continent’s second favourite city to invest in after London, according to the CBRE report “Global Investors Intentions.” The report also highlights the increasing sustainability of the European property sector, in comparison with last year’s performance and with other regions across the globe.
Christine Lagarde’s two-day-visit to China concluded on Monday without any specific agreements on how Beijing will fend off financial risk. But Premier Li Keqiang insisted that they will use all the tools available. Trillions of renminbi of debt have built up in the Chinese economy as a result of decades of stimulus and easy credit.
UBS | The overnight call rate is already running at close to zero after the BOJ introduced negative interest rates, partly due to problems in putting in place the systems, and no consensus view has yet taken shape about the knock-on effect and the impact on the economy or individual sectors.