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How long can Russia go without selling bonds?
Even before tougher sanctions against Russia hit the books, the country faces potential hits as investors avoid its financial assets.
Related: EU Sanctions Could Hit Russia's Achilles Heel: Capital Flight
Business Week
Europe may be ready to punish Russia in a way that will really hurt.
Related: Global Banks Appear to Cut Russia, Ukraine Exposure, But Not By Much
William Mauldin / WSJ Economics
Bankers tend to abhor risk. Especially geopolitical conflicts involving a nuclear power.
Should the Fed have to play by a rule?
Mark Thoma / MoneyWatch
What if the U.S. Federal Reserve Board had to implement monetary policy according to a specific rule that would require specific policy actions depending on the circumstances?
Related: Yellen Settles for a Slingshot Instead of a Shotgun
Janet Yellen, the Federal Reserve chairwoman, should be using higher interest rates to curb the mispricing of risk in the market for financial assets, but she has declined to do so.
China's Detour on Highway to Default
William Pesek / Bloomberg Views
The near-default of a previously obscure road-builder in China illustrates how debt woes threaten to strangle the Chinese economy.
Related: It's Not Just About Competition with China
Dane Erickson / The American Interest
As the U.S.-Africa Leaders Summit draws near, some will undoubtedly bill it as the Obama Administration's next move in an escalating competition with the Chinese in Africa. This oft-repeated and inaccurate platitude misrepresents both current geopolitical realities and commercial opportunities.
Why gold prices will remain lower for longer
After gold futures fell to a five week low, analysts told CNBC prices were set to remain depressed for the rest of the year.
Will the U.S. Oil Boom Make Energy Sanctions Easier?
Michael Levi / EconoMonitor
Ask someone to identify a big geopolitical consequence of the ongoing U.S. oil production boom and odds are high that they'll invoke Iran. (Every one of the links in that last sentence is an example.) Without surging U.S. oil production, they'll argue, sanctions on Iranian oil exports would have led ...
UK GDP grows 0.8pc as economy finally returns to pre-crisis level
Second quarter GDP growth of 0.8pc means total economic output was 0.2pc points bigger than in the first quarter of 2008, its previous peak
Related: The UK government must urgently overhaul its EU engagement strategy
British Politics and Policy at LSE
Britain has suffered a number of setbacks in Europe of late, from the passage of financial services regulation it opposed to the recent selection of the next European Commission President. Anthony Salamone argues that the UK's current approach to the European Union is part of the problem. He suggests the ...
Related: UK economy upgraded again as IMF predicts 3.2 per cent growth
Matthew Holehouse / Telegraph
UK growth forecast more than doubles in year to 3.2 per cent in IMF upgrade
India's Chinese Dream
Lee Jong-Wha / Project Syndicate
China and India have both emerged as global economic superpowers in recent years, with China leading the way. But, with Chinese growth slowing amid far-reaching structural change, will the economic-reform efforts of India's new prime minister, Narendra Modi, enable the country to catch up?
Related: Five reasons why India's rebound is real
After two years of stagnation, things are finally looking up for Asia's third largest economy.
Rep. Paul Ryan's Poverty Plan: Wrong Target, Wrong Solution
Jared Bernstein
Over at PostEverything. BTW, a friend who visits here regularly was mildly complaining about jumping around from site to site to read my posts. I sympathize, but we're just talking a mouse click. And while OTE'ers bring very high quality eyeballs to this site, changing the world requires eyeball quantity ...
Related: 3 ideas from Paul Ryan's poverty plan that liberals can love
Matt O'Brien / Wonkblog
Liberals are used to hating Rep. Paul Ryan. And it's not hard to see why. He's an Ayn Rand fanboy who's authored budget after budget that purportedly balances itself by cutting taxes for the rich and cutting spending for the poor even more-to almost comically low levels. Indeed, the left-leaning ...
Related: Commentary: Ryan "Opportunity Grant" Proposal Would Likely Increase Poverty and Shrink Resources for Poverty Programs Over Time
Center on Budget and Policy Priorities
A centerpiece of House Budget Committee Chairman Paul Ryan's new poverty plan would consolidate 11 safety-net and related programs - from food stamps to housing vouchers, child care, and the Community Development Block Grant (CDBG) - into a single block grant to states. This new "Opportunity Grant" would operate initially ...
What You Think About Inflation Is Wrong
Megan McArdle / Bloomberg Views
The government knows about food and oil prices. And it's taking them into account when it calculates your Social Security check.
Average Joko
Kate Lamb / Foreign Policy
Can Indonesia's newly-elected, rags-to-riches president be a real reformer?
Expand sublinks   Also:  WSJ Opinion
Related: Indonesia to revise mineral export tax rules
South China Morning Post
Indonesia will revise its rules on mineral export taxes next month, a senior official said yesterday, paving the way for the country's multi-billion dollar mining industry to rebound after months of lay-offs and stalled exports.
Hungary nationalises German-owned MKB bank
Kester Eddy / Beyond BRICs
Hungary's government said on Thursday it had agreed a deal to buy MKB, one of the country's largest commercial banks with more than 80 branches, from BayernLB, its German owner. The state will pay €55m for MKB and BayernLB will waive claims of €270m in receivables. The deal marks what ...
The current ECB programs create QE-like environment, setting up for moral hazards
Sober Look
In spite of weakening economic growth, persistent credit contraction, and dangerously low inflation rate in a number of member states (chart below), the ECB continues to resist calls for Fed-style outright securities purchases. Instead the central bank is betting on the recently announced TLTRO program (see post).Source: Investing.comThe key reason ...
Argentina going into default: The question is...
Otto ikn / IKN
...who cares? Serious question this one, and the following swear word is necessary for emphasis:Who. Fucking. Cares?1) Not the rest of the world. They'll just shrug their collective shoulders, let their brain-dead hacks write them a "Don't Cry For Me.... headline, then get back to whatever sports program or TV ...
Japan's inflation slows for second month
Annual core CPI at 1.3% in June, excluding impact of VAT increase, following readings of 1.4% in May and 1.5% in April
Dodd-Frank is Obama's most underappreciated achievement
Matthew Yglesias / Vox
The Wall Street Reform and Consumer Protection Act (aka Dodd-Frank) turns about four years old this week, and looks likely to enter the history books as one of the most unloved major legislative actions of all time. Congressional Republicans are fanatically opposed to it, seeking every possible opportunity to repeal ...
Singapore's economy on track for 2 to 4 pc growth, says central bank
South China Morning Post
Singapore's economy is expected to grow by a targeted 2 to 4 per cent in 2014 despite a first-half slowdown, helped by factors such as improving global demand, the central bank said.
Expand sublinks   Also:  WSJ Economics | Vox
Greece three years on - FT
macromon / Global Macro Monitor
Calm has returned to Greece after the anti-austerity riots three years ago. The economy is expected to grow this year for the first time since 2007. Ralph Atkins, capital markets editor, analyses the country's progress and the work still to ... Continue reading →
I.M.F. Reduces Its Forecast For Global Growth in 2014
Associated Press / NY Times
The lending organization said weaker growth in the United States and Russia, as well as in developing countries, prompted a cut in its estimate.
Related: IMF hedges bets on asset bubbles
Ambrose Evans-Pritchard / Ambrose Evans-Pritchard
The IMF cut its global growth forecast for 2014 from 3.7pc to 3.4pc in the latest update to its World Economic Outlook
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UK GDP grows 0.8pc as economy finally returns to pre-crisis level
I.M.F. Reduces Its Forecast For Global Growth in 2014
NY Times
Greece three years on - FT
Global Macro Monitor
Singapore's economy on track for 2 to 4 pc growth, says central bank
South China Morning Post
Why gold prices will remain lower for longer
IMF Cuts Global Growth Forecast
Japan's inflation slows for second month
Dodd-Frank is Obama's most underappreciated achievement
How long can Russia go without selling bonds?
Argentina going into default: The question is...
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Link: Centre for Macroeconomics
Link: Economic and Social Research Council
Last Updated: 16:33 GMT     Thursday, 25 Jul. 2014 Archive About FAQ Home