WASHINGTON | By Jeff Madrick via The Next New Deal | Wall Street has responded well to Summers’s withdrawal, but Main Street would also be better off without an inflation hawk leading the Federal Reserve.
SAO PAULO | By Marcus Nunes | That´s because it can´t be simply called “policy”. Over time the Fed´s economic growth projection has been falling, and after it drops a few notches the Fed introduces something “new” (or “surprising”).
MADRID | By J.P. Marin Arrese | When it comes to make a decision, a central banker is not supposed to hesitate, otherwise bewilderment and dismay will take in and lead to utter economic disarray. Mr Bernanke is bound to keep his word about tapering. And he has very little time to deliver before leaving office.
After more than two years, economic issues raised during the Arab Uprisings are still lingering on government agendas.
SAO PAULO | By Marcus Nunes | Regarding the economic recovery… from Robert Samuelson (explaining Edward Lambert´s AS/ED, that´s Aggregate Supply/Effective Demand, theory).
MADRID | By Francisco López | Mark your calendars. For the first time in quite some time two major events for the future of markets and EU’s banking union are taking place in less than a month: the Fed’s meeting next Wednesday and the German elections on September 22. Is the tapering starting and by how much? Will Angela Merkel have to find a new political partner?
MADRID | By Santiago Graiño Knobel via BBVAOpenMind | A market where the user is not the customer seems crazy, not to say perverse, seems impossible since it distorts the logical responsibilities of exchange and conceals the interests at stake, but the fact is that it does indeed exist: it’s the media. Recipients pay nothing, or amounts that usually do not even cover half the cost, and the media are owned by profit-making companies. And that, the author believes, leads to many problems.
BEIJING | By Wu Yuci via Caixin Magazine | After the Internet, credit and gold bubbles, education could be the next. Parents afraid for their children’s futures are behind the latest investment fever, and the damage from failed speculation will be immense.
MADRID | By The Corner Team | Ibex 35 exceeded 9,000 points and markets were all in green this morning thanks to the withdrawal of Larry Summers as Bernanke’s substitute.
By Ray Kwong | China’s economy went from chump to champ in 30 years, with growth rates averaging 10% over three decades. To be sure, there are major downward shifts underway, but predictions that the Chinese economy will go down in flames—whether by crash, hard landing or [your favorite term here]—is crazy. Some detractors even foresee an economic apocalypse, one in which China will repeat Japan’s “lost decade” of stagnation.