I have enjoyed Edward Hugh and Claus Vistesen’s posting here as well as on their own sites because they add a European angle to the commentary I think we lacked. But, they also have brought their considerable interest in demographics to bear in their writings as well. So I was happy to see Bill Gross [...]

How strong is the global recovery? The recovery seems slowest in Greece and the bubble countries (US, UK, Ireland, Spain). It’s pretty poor in Eastern Europe too. It is better in the rest of Western Europe. A good deal better in Australia and Canada (not sure about NZ). China, India and Brazil are even tightening. [...]

From the BBH Currency Strategy Team. Highlights US dollar is weaker across the board vs. the majors as sentiment appears to be improving today after a consolidative day yesterday.  Risk on FX trading appears to be back on track after taking a brief breather.  The euro has so far been unable to break the May [...]

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Is this xenophobia? Video – Jan Brewer: Most illegal immigrants are ‘drug mules’ – CNN.com Bias and Bigotry in Academia « Patrick J. Buchanan Losing White America « Patrick J. Buchanan Bob Herbert – Long-Term Economic Pain for American Families – NYTimes.com Xenophobia can manifest itself in many ways involving the relations and perceptions of [...]

One of the things I think we can safely say about the impact of the current economic crisis is that the face of Macro Economic theory will never be the same again. Quite what the macro economics of the future will look like is too early to say, but what is clear enough is that [...]

Evidently there is now a considerable debate out there about the famous (or should that be infamous) CEBS stress tests. Methodologically all sorts of weaknesses have been identified, but in many cases these are decidedly beside the point. It is important to be aware what the tests were (and weren’t) designed to show. They were, [...]

A lot of people have asked me to write about the recently “leaked” CBRC report on dodgy local government debt.  Here is what the article in Monday’s Bloomberg had to say about it (and note especially that delicious second paragraph): Mainland banks may struggle to recoup about 23 per cent of the 7.7 trillion yuan [...]

From the BBH Currency Strategy Team. Highlights US dollar is mixed vs. the majors as consolidative trade is being seen today.  Sentiment remains positive overall in the wake of the bank stress tests, but risk on FX trading appears to be taking a breather right now as evidenced by the largely firmer yen and Swiss [...]

Usually I have more links than I can possibly put in the links post. I chopped some good stuff, so if you want to see them all, either go to the News Feed at CW or subscribe to it here. Edward PS – My home has been blacked out for two days now: ETA for [...]

From the BBH Currency Strategy Team Highlights US dollar is softer vs. the majors, as sentiment remains positive and risk on trading picks up.  Dollar is up only against JPY and CHF, which are both weaker today and finally succumbing to improved environment after firming on Monday.  The euro is trying to move through 1.30, [...]