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Mixed Economic Signals From China
Neil Gough / NY Times
A slowing in the pace of growth, partly by design, has made assessing the Chinese economy and predicting its prospects difficult.
Related: Chinese exceptionalism can't last
Peter Cai / Business Spectator
A new paper argues that historical precedent alone explains why China will not be able to sustain rapid rates of growth for much longer.
Related: China Growth Seen Slowing Sharply
WSJ Economy
China's growth will slow sharply during the coming decade to 3.9% as its productivity nose dives and the country's leaders fail to push through tough measures to remake the economy, according to a report by the business-research group the Conference Board.
Related: What Does China Mean By 'Rule of Law'?
Carl Minzner / Foreign Policy
It's more Confucianism than constitutionalism.
Related: Why the days of superfast Chinese economic growth may be over
James Pethokoukis / AEI
Back in 2010, there was an issue ad showing a "Chinese professor" in the year 2030 lecturing his students about America's collapse. "Why do great nations fail?" he asked. "The ancient Greeks, the Rome Empire, the British Empire, the United States ... read more >
 
More on the Fed, QE, and the full employment unemployment rate.
Jared Bernstein
Just a quick follow up on this morning's meanderings about the Fed, QE (quantitative easing, or the Fed's asset purchasing program, currently winding down), inequality, and that sort of stuff. I mentioned the President of Boston Fed, Eric Rosengren, and here he is again saying very cool things in my ...
Related: The Fed Will Probably Stop Injecting Huge Sums of Money Into the Economy This Month
Alison Griswold / Moneybox
The Federal Reserve is most likely sticking to its plans and taking away Wall Street's favorite punch bowl: the tremendous bond-buying program that began two years ago in an unprecedented effort to stimulate the economy. A little over a year ago, any notion of winding down the purchases-not to mention ...
Related: Fed's Tarullo: Wall Street Has Work to do to Improve Its Culture
Ryan Tracy / WSJ Economics
ederal Reserve Gov. Daniel Tarullo reprimanded Wall Street executives for not doing enough to control the behavior of employees and suggested regulators and prosecutors could impose further constraints on the financial industry if it doesn't do a better job of policing itself.
 
Austerity Talk at Battle of Ideas in London
Frank Barry / Irish Economy
The 'Battle of Ideas' festival held at the Barbican in London last weekend included a panel session entitled 'Piigs can't fly: I was invited to make a 7-minute presentation of my views as expressed at various crisis conferences over the years: Back in 1986, long before most people imagined that ...
Related: Mark Carney launches investigation after real-time payment system crash delays house purchases
James Titcomb / Telegraph
Bank of England Governor promises 'thorough, independent review' after Real Time Gross Settlement payment system, which processes £277bn a day, resumes operations after being down for 10 hours
Related: The Bank of England has questions to answer over IT glitch
James Quinn / Telegraph
The Old Lady of Threadneedle Street must hold itself to same standards it expects of the banks it regulates
 
Germany Without Angst? That Worries Me.
Jochen Bittner / NY Times
After the era of neoliberalism, the country might be falling for another Zeitgeist: the sinfulness of making debt.
Expand sublinks   Also:  BBC | Value Walk | WSJ | The China Post
 
France Pressures Berlin for Stimulus Plan
WSJ Economy
French ministers urged Germany to put in place a three-year, €50 billion stimulus program, deepening the confrontation over economic policy between Paris and Berlin.
Expand sublinks   Also:  FT | Money Game
Related: Unity on Eurozone Growth Eludes Germany and France
JACK EWING and LIZ ALDERMAN / NY Times
Meeting in Berlin, the French and German finance and economy ministers said only that they had agreed to come up with economic proposals by Dec. 1.
Related: ANALYSIS. Berlin and Paris Undermine Euro Stability
Der Spiegel. Germany. / World Affairs
Der Spiegel. Germany.
 
Is it 'do svidanya' for Russia and the West? One businessman thinks so
Geoffrey Smith / Fortune Finance
A hardening political confrontation threatens to undo two decades of mutual benefits, banker and publisher Alexander Lebedev fears.
Related: The Russian Crusade Against the Golden Arches
Adam Chandler / The Atlantic
Under the guise of enforcing hygiene standards, Vladimir Putin continues his push against McDonald's franchises.
Related: Russia Turns on Ukraine's Gas Spigot. For Now.
David Francis / Foreign Policy
Related: Global Banks Slashed Lending to Ukraine, Endangering a Recovery
William Mauldin / WSJ Economics
The world's banks tightened the purse strings on Ukraine in the middle of its conflict with Russia this year, endangering the country's ability to work its way out of a deepening economic crisis.
Related: Putin's Latest Target: Russian McDonald's
Business Week
Roughly half of Russia's McDonald's locations are now under government investigation, according to the company, and a regulator has already closed nine outlets in recent weeks
 
Update on crude oil markets
Sober Look
Crude prices came under pressure again today. According to Reuters (from last week), the Saudis "will accept oil prices below $90 per barrel, and perhaps down to $80, for as long as a year or two". Their goal is to shake out some of the high-cost competition (such as the ...
Related: Wall Street's Energy Analysts Say It's Too Early To Panic
Shane Ferro / Money Game
Is the recent crude oil selloff a sign of a coming crisis in the US energy industry? A new Citi credit research note on "The coming energy recession" suggests the possibility is there. That said, the headline is stronger than Citi credit analyst Jason Shoulp's more nuanced position in the ...
 
Regulator Tells Banks to Clean Up Bad Behavior or Face Downsizing
Peter Eavis / DealBook
William Dudley, the president of the New York Fed, said bankers must push for change or "the inevitable conclusion will be reached that your firms are too big and complex to manage effectively."
Related: US banks face ballooning debt needs
Reuters
(This article first appeared in the Oct 17 edition of the International Financing Review, a Thomson Reuters publication)
 
A top Fed officials says quantitative easing reduced inequality
Matt O'Brien / Wonkblog
Markets are panicking, but Boston Federal Reserve Bank President Eric Rosengren, one of the central bank's leading doves, thinks monetary policy should stay steady-as-she-goes. Specifically, he thinks the Federal Reserve should end its quantitative easing, or QE, as planned - although he wouldn't rule out the possibility that they could ...
Related: Skills and Tech Gap Can't Explain Inequality, Economist Says
Pedro Nicolaci da Costa / WSJ Economics
Gaps in educational achievement and shifts in technology, often cited as key reasons for widening income and wealth inequality, do very little to explain the trend, says Lawrence Mishel, president of the Economic Policy Institute, a liberal think tank in Washington.
Related: Social Safety Net Lifted 39 Million Out of Poverty in 2013
alex / Fiscal Times
Justin Sullivan/Getty Images By Rob Garver,The Fiscal TimesOctober 20, 2014 In the policy debates over the social safety net, those in favor of reducing federal assistance to the poor often argue that transfer payments, like food stamps, rent subsidies, and unemployment insurance, do little to reduce poverty. Many conservatives, for ...
Related: Inequality Kills Growth
Ed Kilgore / Political Animal
Part of the basic conservative economic world-view in this and other countries is the belief that growth is entirely produced by owners of capital deploying resources to people and activities...
 
ECB's bond move whets appetite for QE
FT
Markets want more from central bank than just purchase of covered bonds from lenders
Related: Eurozone Rotting to the Core; Four Possibilities; Beyond the Math
Mike Mish Shedlock / Mish
On October 6, I noted German Factory Orders Slump 5.7%, Most Since January 2009. The previous month was up 4.9%, so I averaged the two months noting "The average result is a decline of 0.4% per month, for the last two months. That process also means four consecutive months of ...
Related: ECB to spend 1 trillion on covered bonds to kickstart euro economy
Phillip Inman ... / Guardian
The banks aim is to revive economies in the single currency zone that have been hit by a decline in business lending The European Central Bank (ECB) has embarked on a spending spree that could see it pump 1 trillion into the eurozones financial system. After months of debate, on ...
 
Rhetoric heats up in Brazil's election with candidates neck and neck
Thalita Carrico / Beyond BRICs
Brazil's presidential election is heading for its second-round run-off on Sunday looking like the closest in a generation. As each side struggles for a breakthrough, the rhetoric is getting shrill. Last week, it was the turn of Aécio Neves, the candidate of the pro-business opposition PSDB party, to exceed the ...
Expand sublinks   Also:  WSJ | Forbes | World Affairs | ETF Trends
Related: Religious Wars Hit Brazil's Ballot Box
Mac Margolis / Bloomberg Views
Protestants haven't lost their chance at clout in Brazil.
 
Hong Kong Protesters See 'No Hope' In Negotiations
Matt Sheehan / Huffington Post
HONG KONG -- Leaders of Hong Kong's pro-democracy Occupy protests are scheduled to begin long-awaited negotiations with representatives of the city government on Tuesday. But with the talks still hours away, protesters and anti-Occupy residents alike are pretty sure they know what's going to happen. "No results," predicted Stanley Chan, ...
 
The history of money: from barter to bitcoin
Rebecca Burn-Callander / Telegraph
Money has been a part of human history for almost 3,000 years. From the origins of bartering to modern money, this is how the system has evolved
Expand sublinks   Also:  SMH
 
Italian Minister Urges Patience on Economic Measures
WSJ Economy
Italy's Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently unveiled by Rome could help boost growth by 2015.
Related: Italian labour minister says pensions not to be touched
Gazzetta Del Sud
Rome, October 20 - Italian Labour Minister Giuliano Poletti said pensions would be spared further reform for the time being. "Pensions are always a very fragile argument, that creates fear. In this moment, we have made the decision to not touch anything," Poletti told the Rai2 television ...
 
Two of Abe's female ministers resign over separate scandals
Mizuho Aoki / Japan Times
Cabinet ministers Yuko Obuchi and Midori Matsushima resign in connection with separate political scandals, dealing a major setback to the Cabinet of Prime Minister Shinzo ...
Expand sublinks   Also:  Zero Hedge | CNBC | WSJ | Vox
Related: Bank of Japan stays upbeat on economy
South China Morning Post
Most Japanese regional economies continue to recover as the pain from a sales tax increase in April starts to ease, the Bank of Japan said in a quarterly report.
 
Greek 5-year yields rise 55 bps to 7.62 pct
Kathimerini
German bunds advanced and Greek securities declined on Monday, extending losses that sparked a sell-off in the periphery last week. Greek five-year yields rose 55 basis points to 7.62 percent, after touching 7.94 percent on Friday, the highest since April... ...
Related: Greece's Finance Minister: The revolving doors' syndrome on steroids
Yanis Varoufakis
Now that the bubble of the Greek success story has, thankfully, burst, it is perhaps apt to take a good look at the track record of Greece's finance minister: the talented Mr Gikas Hardouvelis. Readers that harboured hopes of a ... Continue reading →
 
5 Takeaways From the WTO's World Trade Report
William Mauldin / WSJ Economics
The good news is that the outlook for global trade this year is a bit better than last year. But the bad news, according to the World Trade Organization, is that the economic malaise in Europe will drag on the exchange of goods around the world, in turn hurting the ...
Expand sublinks   Also:  U.S. Food Policy | WSJ
Related: Why the WTO is in big trouble
Mike Callaghan / Business Spectator
As more countries turn to bilateral trade agreements, questions are being raised about the future of multilateral institutions such as the WTO.
 
Indian Government Considers Reimposing Gold Import Restrictions
Alfonso Esparza / OANDA
The government is mulling over reimposing some restrictions on gold imports after Diwali as higher inward shipments of the metal in the last few months have pushed up the trade deficit, a government official said. The Commerce Ministry has called a meeting post Diwali inviting representatives from RBI and stakeholders ...
 
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Two of Abe's female ministers resign over separate scandals
Japan Times
Italian Minister Urges Patience on Economic Measures
WSJ Economy
Regulator Tells Banks to Clean Up Bad Behavior or Face Downsizing
DealBook
Hong Kong Protesters See 'No Hope' In Negotiations
Huffington Post
ECB's bond move whets appetite for QE
FT
Update on crude oil markets
Sober Look
France Pressures Berlin for Stimulus Plan
WSJ Economy
More on the Fed, QE, and the full employment unemployment rate.
Jared Bernstein
Mixed Economic Signals From China
NY Times
A top Fed officials says quantitative easing reduced inequality
Wonkblog
What's this?
Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
Last Updated: 05:16 GMT     Tuesday, 21 Oct. 2014 Archive About FAQ Home