By Michael Pettis One of the reasons that it is been so hard for a lot of analysts, even trained economists, to … [Read more...]
Germany is willing to accept a higher inflation target but does it matter?
May 20, 2013 By
Last year, we saw a sea change in official German policy regarding the euro crisis and inflation. The German government … [Read more...]
Full text: Moody’s upgrades Turkey’s government bond ratings to Baa3, stable outlook
May 17, 2013 By
Editors note: Moody’s released the following press release yesterday in conjunction with a ratings action it took on … [Read more...]
Has house price deflation begun in Canada?
May 15, 2013 By
Yesterday, the Teranet-National Bank National Composite House Price Index for Canada was released. It showed that … [Read more...]
Portugal’s Japanese Problem
May 14, 2013 By
By Edward Hugh In a number of posts recently I have highlighted the impact of declining workforces on economic growth … [Read more...]
Feedback Loops
May 14, 2013 By
By Michael Pettis Early last month Martin Wolf had another of his very interesting articles, this time on China, which I … [Read more...]
The real experiment that is being carried out in Japan
May 14, 2013 By
By Edward Hugh The future never resembles the past – as we well know. But, generally speaking, our imagination and … [Read more...]
Zero rates mean Americans are giving up on Certificates of Deposits
May 13, 2013 By
By Sober Look Retail savers in the US are abandoning certificates of deposits (CDs). The amount of CDs outstanding that … [Read more...]
Bernanke signals the Fed is uneasy with “reaching for yield”
May 13, 2013 By
By Sober Look As Merrill’s junk bond index yield crossed the historical low of 5% on Thursday, some senior Fed … [Read more...]
