The Fed Cannot Bury Something That Never Existed
What really shocked the markets was not the Fed’s decision to maintain zero interest rates for a few more months, but the statement that accompanied it.
Search Results for deflation
Abenomics Trades: The Beginning Of The End, Or The End Of The Beginning?
BARCLAYS | Japan’s Recession probability are high GDP growth in Q3 15 will have crucial implications in gauging the economic and policy outlook for the near future.
The imminent inflation increase
London | UBS | At the risk of making an obvious point, the fall in crude oil prices is not all there is to the impact of oil on consumer price inflation.
La Cina è vicina (China is Near)
Marco Bellochio was probably unaware of how close China could become when he directed his famous movie portraying a rotten Western society besieged by Mao’s revolutionary thrust. History eventually proved that the Little Red Book had less enduring success than the Holy Bible…
It’s Not Draghi’s Fault If Spanish Banks’ Profitability Is Low
Confusing costs with revenues, or assets with liabilities, is lethal if you are analysing the situation of the banks. It now appears that, according to some so-called experts, the ECB and its low interest rate policy is to blame for the weakness and lack of profitability amongst Spanish banks.
The Oil Prospect of ‘Lower for Longer’
Analysts at UBS are cutting our oil price forecast for the period 2015-19 and cutting long-term normalised view to $80/bbl from $90/bbl. Near oil term forecasts reflect the prospect of a lower 3Q outturn and the base from which we see the recovery in prices rising from
And the Winner is (should be)…. Fiscal Policy!
PARIS | By Francesco Saraceno | So, Mario Draghi is disappointed by eurozone growth, and is ready to step up the ECB quantitative easing program. The monetary expansion apparently is not working out as planned.
“If debt grows, it means that the world economy is still expanding”
How do we overcome a debt crisis with more debt? Bocconi University’s Marcello Minenna recalls that in a world with inflation it is always possible to control the behaviour of the debt/GDP ratio just by reaching negative real interest rates. Also, he points out that eight years after the financial meltdown the tight interconnections in real time between the global markets make the system intrinsically unstable.
Oil and gas: The struggle to stay relevant
July 24, 2015 | UBS | Sector performance since crude began to slide again has, unsurprisingly, been poor: EU integrateds are down 11% since the May peak, underperforming the wider market by 11%, and the US peers down 10%.
Et tu Singapore? Another central bank suffocates the economy?
July 22, 2015 | By Benjamin Cole via Marcus Nunes‘ Historinhas | Singapore is every economist’s favorite nation, for its often free-market or price-sensitive approach to government. And the city-state has boomed for generations, verifying economists are right. But now, reports The Economist in its July 18 issue, Singapore’s productivity is dying on the vine, much like that of the United States, or Europe.