May 21, 2015 | By Benjamin Cole via Marcus’ Nunes Historinhas | If you don’t like quantitative easing, then consider this: The Nikkei 225, a broad measure of Japan’s stock market, is up 45.9% in the last 52 weeks.
The Corner | May 19, 2015 | Copper prices were back above $6,300/t in April for the first time in 2015. Since this commodity is used in so many industries, it is crucial to know if this move will be sustained and send a positive signal to global manufacturers or it is only driven by a speculative market.
SAO PAULO | May 15, 2015 | By Marcus Nunes via Historinhas | It´s such a bad ‘target’ that the Fed has been compelled to move the target frequently over the past couple of years, all the way from 6.5% to 5%-5.2%!
May 8, 2015 | By Benjamin Cole via Marcus Nunes‘ Historinhas | I have plugged for QE-offset or -financed tax cuts for a long time. I did not know that former Fed Chairman and now multi-millionaire consultant Ben Bernanke also explicitly believed in the same thing.
PARIS | May 5, 2015 | By Franceso Saraceno and Paul Hubert | We subscribe to Krugman’s view that financial stability should be targeted by combining macro- and micro-prudential policies, and that inflation targeting is largely insufficient.
BERKELEY | May 4, 2015 | By Barry Eichengreen via Caixin | Chinese policymakers could depreciate the yuan, try monetary expansion or turn to fiscal stimulus. They could also do nothing.
BEIJING | April 30, 2015 | Caixin Editorial | China’s stock market is on a roll, giving rise to a view that it could help revive the slowing economy. The two have an interesting relationship, and there are advantages and disadvantages to using the market to boost growth. Yet, in the current circumstances, the stock market will be hard pressed to perform that role.
ATHENS | April 29, 2015 | By Jens Bastian via MacroPolis | As negotiations between the Greek authorities and the renamed “institutions” labour on, Greek media outlets reported in recent days that the government in Athens was close to receiving substantial liquidity injections from Russian and Chinese sources.
MADRID | April 26, 2015 | By Luis Arroyo | After effusively congratulating the progress of the Spanish economy in his last press conference, Draghi said that some labor reforms are missing. Let’s connect the dots: the ECB’s president is attributing himself the merit of recovery with his expansionary monetary policy, while the demerit that this is not stronger is attributed to Madrid, which is not undertaking enough reforms.
BEIJING | April 23, 2015 | Caixin Editorial | The fact that many government officials are sitting idle, waiting for the storm to pass, proves the campaign must continue.