Post Tagged with: "Economy"
Pimco: Emerging Markets Will Outperform
Here are the key takeaways from Pimco’s recent piece on Emerging Market debt: Key Points: Global economic conditions and structural factors remain supportive for the emerging markets to “run fast,” and for the U.S., Canadian and Australian economies to “run faster” on a relative basis than most other developed economies in 2011. This is in
Random Shots – 2011 Musings Edition
by Claus Vistesen (work in progress, but I thought that I would publish it thus far, stay tuned for more additions) I did have some plans to do a series of post to give a brief overview of my main macro and trade themes for 2011, but time has, not surprisingly, caught up with me.
Reading the Tea Leaves
by Annaly Capital Management Today’s “must read” comes courtesy of Professor Jeremy Siegel of Wharton Business School and “Stocks For the Long Run” fame. His Wall Street Journal op-ed, titled “The Fed’s Policy Is Working,” can be read online with a subscription. The piece can be summarized in the following quote: “The recent surge in
India and China: Will the Tortoise May Pass the Hare?
by Marc Chandler India’s Finance Ministry raised its economic forecast for the year ending March 31, 2011. Back in Feb it had forecast 8.25%-8.75% growth and today increased that forecast to as much as 9.1%. Ironically, the increase in the growth pace is not expected to be accompanied by higher inflation. The revisions to growth
Whose Side is the White House On?
In a speech given on November 20, 2010 at the ADA Education Fund’s Post-election Conference at Harvard’s Kennedy School of Government, Professor James K. Galbraith asks for whom President Obama is really working
Why The Stock Market Is Vulnerable
by Comstock Partners In our view the market, at current levels, is highly vulnerable to a major downturn as a result of negative fundamentals and high valuations. Following is a summary of important factors likely to impact stocks in the period ahead. ECONOMY—The economic fundamentals remain weak. Following the deepest recession since the 1930s the
Bove: Bank stocks will soar during QE’s “financial war with China”
In the fall of 2008, when the government took extreme steps to avoid a financial collapse, it created, what might be described as a partial liquidity trap. At the time, this was not a problem. The policymakers were not trying to assist the economy. They were attempting to restore confidence in the banking system. This
What Can Be Done?
Paul Davidson argues that the Obama Administration and its allies in Congress have not actually followed the prescriptions laid out by the British economist Lord Keynes in making economic policy – and that this is a principal reason for their failure to deliver. After the shellacking the Democrats and Obama took in this November election,
On Liquidity Traps and Quantitative Easing
Here’s a good discussion of what liquidity traps are from John Hussman. His weekly market commentary begins: "There is the possibility… that after the rate of interest has fallen to a certain level, liquidity preference is virtually absolute in the sense that almost everyone prefers cash to holding a debt at so low a rate
Less Policy Advocacy and More Policy Forecasting at Credit Writedowns
Blogs in the econoblogosphere are heavy on economic policy advocacy. Ever since the heyday of the US and European housing bubble, the majority of bloggers in the space who are unaffiliated with media sources have been recommending policy makers take specific courses of action to mitigate downside risk. That is the bread and butter of
Random Shots
by Claus Vistesen With course work coming up and with my internet connection just coming on-stream this weekend I hope that I can be forgiven for not posting in the past week. And now that I am I can only find the energy to move in with some random shots since a lot of things
The Big Interview with Austan Goolsbee
Also see: Big Interview: Goolsbee Defends Obama Record on Business – Real Time Economics