SAO PAULO | By Marcus Nunes | The difference between the RBA and the BoJ, the Fed or ECB is that while all four central banks have inflation targets, the RBA also has an implicit income target. If central banks determine aggregate demand, the only way to hold them genuinely responsible for what they actually do is for them to explicitly and directly target it: also known as NGDP targeting.
BEIJING | By Qin Jin via Caixin | A ‘buy local’ push sparked by security concerns is hurting foreign and helping domestic makers of electronic gear.
MADRID | By Francisco López | Everyday, more and more analysts warn about the risk of a “Japanization” of the Eurozone, and they even foresee the possibility to watch a long period of low growth in an environment of high indebtedness and reduction in prices. But, what exactly are those risks?
LONDON | By Terry Macalister at The Guardian via Presseurop | UK’s green plans dealt blow by shelving of Atlantic Array, which would have powered 1m homes and created thousands of jobs.
LONDON | By Jim McCormick at Barclays | Let’s explore how the start of Fed policy withdrawal will affect asset allocation. From Braclays, we do not see an early start to Fed tapering being especially disruptive for broader risk assets, and we’d expect US equity markets to be more vulnerable than most other risk assets.
BEIJING | By Pu Jun via Caixin | China and several Chinese firms have great interest in exploiting the natural resources of the North American country, but have run into a host of obstacles
SAO PAULO | By Marcus Nunes | Recently, both Simon Wren-Lewis and Paul Krugman have singled Sweden as a country where the central bank has moved from targeting inflation to worrying about ‘deflating’ bubbles.
SAO PAULO | By Marcus Nunes | John Taylor talks vaguely about “policy”. To MMs, it´s very much about inadequate monetary policy.
NEW YORK | By Ana Fuentes | Those six seconds that ended the life of John Fitzgerald Kennedy that November 22, 1963, still resonate fifty years later. The death of the telegenic U.S. President, broadcast live on television, marked a tragic decade including the political assassination of his own brother Bob, the murder of black activist Martin Luther King and the end of Henry Kissinger’s career. Since then, baby boomers have embraced sort of a JKF mania, idolizing Camelot, while their younger peers seem to be more fascinated about conspiracy theories surrounding his death.
