MADRID | By JP Marin Arrese | Prices like the weather inescapably lead to widespread demurral. They always look either overly hot or unduly cold. Yet the current debate on potential deflation seems largely shrugged off in Spain, even confronted with a CPI dwelling in minus territory. A predictable reaction in a country that scores a solid record of relentless price hikes.
NEW YORK | By Ana Fuentes | The U.S. labor market picture is firming -the number of Americans filing new claims for unemployment aid unexpectedly fell last week-, although underemployment is still about 15%. We talk with Carl Camden, President and CEO of staffing company Kelly Services about how changes in the workforce and the economic crisis mean an opportunity for his sector.
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.