SAO PAULO | By Marcus Nunes | We know that over the next 10 years things only got worse and only got better when Volcker decided that to “live with inflation” was not a good deal. And things really improved when the Fed managed to keep the economy tracking a stable nominal trend level path.
BEIJING | By Hong Hao via Caixin | Lurking behind the U.S. fiscal deadlock is an assortment of risks to Chinese capital markets – but for now, China appears to be standing on a steady perch.
NEW YORK| By Ana Fuentes | Don’t fall asleep with your banking union, the IMF urged the EU on Wednesday, or you won’t be credible. The Washington-based institution also called for an agency that would close or help troubled banks from a national to European level. Everyone in Brussels seems willing to compromise… except for Germany. The elections are over, but Berlin is still sticking to its tough stance.
MADRID | By Francisco López | In recent times there has not been any other banking sector as closely tested as the Spanish. However, despite the continuing ‘streap-tease’ of different financial institutions, the big international investors do not fully trust in the health of the Spanish banking sector.
PUERTO RICO | By Benjamin Cole via Marcus Nunes | Some might say I have a sociopathological hatred for quantitative easing, an atavistic reaction that compels me to find reasons, sensible sounding or otherwise, for detesting and opposing QE. But I have many reasons for opposing QE.
Iris Mir | During the last decade China’s food imports grew by 21% a year. The country is running out of arable land where to farm basic food like grains and cereals or where to grow its cattle. So it’s going abroad to acquire millions of hectares of land from other countries.
MADRID | By Luis Arroyo |The clock is ticking: if Congress can’t agree to budget terms, parts of the federal government will shut down by Monday midnight. But markets have reacted differently than expected to this political pulse between Democrats and Republicans.
NEW YORK | By Ana Fuentes | The U.S. Federal Reserve has been the talk of the town for weeks because of the tapering soap opera. But how much do we really know about the central bank on its centennial anniversary? An exhibit called “The Fed at 100” opened this Wednesday in New York, aiming to explore the Fed’s pivotal role throughout the history of American finance. And -that’s what we preferred- its response to economic crises.
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.