28 July 2010

I am great believer in divergence when it comes to the global economy if anything then because it allows you to take a slightly more nuanced perspective than the risk off/risk on debate that has dominated the discourse for the past two…

Karl Case, an economics professor at Wellesley College and co-creator of the S&P/Case-Shiller home-price index, discusses the U.S. housing market with Tom Keene and Ken Prewitt. The S&P/Case-Shiller index of property values…

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…

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…

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.…

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):…

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…