Post Tagged with: "international"
Look for Dollar Dips As New Buying Opportunity
By Marc Chandler of Brown Brothers Harriman Highlights The US dollar has seen its initial gains scored in Asia pared, but the risk is that North American players resume the buying of the greenback. The euro initially fell to about $1.1876 in early Asia before recovering. The $1.2000-$1.2050 area may be sufficient to cap the
G-20 Offers Little To Support The Euro
By Marc Chandler of Brown Brothers Harriman. Highlights US dollar was mostly firmer vs. majors, with EUR/USD making new multi-year lows after breaking 1.20. More jitters about Hungary didn’t help the euro. Yen was stronger across the board and outperformed the buck and so dollar/yen fell back below 92. EM FX was mostly softer, with
Random Shots on Global Monetary Policy, Martin Wolf and Small Business Lending
This post on macro ideas affecting the global economy originally appeared at Alpha.Sources. With Edward Hugh busy mingling with the economic elite and literally saving Spain one step at the time I thought that it would be time for some random shots here at GEM. Enjoy Turning back the Clock on Global Monetary Policy Sovereign
No Recession in the Global Economy, but Divergence Aplenty
Yours truly is actually a macroeconomist, indeed with a knack for financial markets, but still; a macroeconomist nonetheless. However, you would not have gotten that impression from the writings here end last week where I worried a lot about the worry of financial markets. I still do, worry that is, mostly because we are in
Demographics and the Anatomy of International Capital Flows
In a week where the deck of cards that make up the Eurozone got its so far largest jolt and where there is now not only an imminent danger of a total economic collapse in Greece but also, much more worryingly, signs that Germany herself is beginning to tire of a common monetary union ,
Mauldin: What Does Greece Mean to You?
A post by John Mauldin. "To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown – the first instinct is to eliminate these distressing states. First principle: any explanation is better than none… The cause-creating drive is thus conditioned and
G20 Deputies Meeting This Weekend in Korea
A post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For BBH’s currency views, visit the website here. The G20 meet this weekend and it has drawn little attention thus far. South Korea heads up the G20 this year and this meeting of deputy finance ministers and deputy central bankers will be
Roach: "weak, anaemic, fragile, potential vulnerable to a double dip”
This is how Stephen Roach describes the economy despite the largest monetary and stimulus in global history. Below is a TV interview Roach recently did on CNBC TV-18 as a video in two parts with the linked transcript at the bottom. Roach says that historical precedent demonstrates recessions precipitated by large private sector debt burdens
Stimulus, recovery, patriotism and America’s shining city, Joe Biden style
“We shall be as a city upon a hill. The eyes of all people are upon us.” –John Winthrop Joe Biden is buying none of this America-as-an-empire-in-terminal-decline meme. The Washington Post’s E.J. Dionne caught up with the Vice President on Tuesday to discuss the Obama Administration’s economic recovery plan. Where he got most heated was
Global manufacturing continued its expansion In January
This is a post which was originally published at A Fistful of Euros. The global manufacturing expansion continued to gather momentum in January. Coming in at 56.1, up from 54.6 in December, the JPMorgan Global Manufacturing Purchasing Managers’ Index registered its highest reading for five and a half years. The latest improvement in overall operating
Get your war on
Remember when the war in Afghanistan began 8 years ago? I remember reading sarcastic cartoons on a site by David Rees called “Get Your War On.” Here are the first entries: Certainly something to think about given the announcement by the recent Nobel Peace Prize winner to send another 30,000 troops into Afghanistan. Glenn Greenwald
Goldilocks is not sleeping in America anymore; she’s now in China
Remember the fabled Goldilocks economy that we had during the Great Moderation: A Goldilocks economy is a not too hot or cold economy, sustaining moderate economic growth and a low inflation allowing for a market friendly monetary policy. The name comes from the children’s story The Three Bears. The first use of this phrase is