EconoMonitor : GMac » Lincoln Ellis, Barry Knapp on U.S. Stocks Bloomberg Video http://t.co/I5gKUQms
51 minutes ago
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India’s Supreme Court Nails the Guilty, but Steps into Policy Making
On February 2, India’s apex court, the Supreme Court ruled that the 2G telecom licenses granted by the Indian government in 2008 were arbitrary in nature and hence should be scrapped. According to the order, all of the 122 licenses that were granted by the Telecom Ministry under the stewardship of A Raja will have [...]
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RGE’s Gina Sanchez CNBC Video – Trading the Globe: Bulls From Brazil
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Has the 3-year LTRO Changed the Path Forward for the EZ Crisis?
There has been relative calm in the EZ crisis since December last year, when the ECB announced a three-year long term refinancing operation (LTRO) and a sharp widening of its collateral requirements. Government bond yields fell in the periphery and debt issuance in January went remarkably well, particularly for Spain and Italy. Has the LTRO [...]
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German Proposal for Greece’s Compliance: Accelerating Eurozone Exit
At the top of my list of to do’s for the past few weeks has been to update the post on Greek PSI that I wrote just before Christmas to include some more recent developments, such as the prospect of ECB participation. Last night, Peter Spiegel from the Financial Times (@SpiegelPeter) published the German government’s [...]
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RGE’s Gina Sanchez CNBC Video – Rally of 2012 Short-Lived?
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WEF Davos: Sub-Saharan Africa – Next Growth Hub?
With all eyes on Europe, the unresolved sovereign debt crisis in the eurozone is certainly taking the center stage of this year’s World Economic Forum summit in Davos themed “The Great Transformation: Shaping new models”. However, those looking for hope and growth potential seem to look to Africa, hence the role of Sub-Saharan Africa (SSA) [...]
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Ukraine Political Appointment: Shuffling The Deck Does Not Change the Cards
On January 18, 2012, Ukraine President Viktor Yanukovych appointed Valeriy Khoroshkovsky as a new Minister of Finance to replace Fedir Yaroshenko. Albeit unexpected, the move represents a rotation within the existing power circles, reflecting more orchestrated political maneuvering ahead of the October parliamentary 2012 elections. Khoroshkovsky, who had left the seat of the head of [...]
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Backdoor Fiscal Stimulus in India
A report by the Financial Times on January 18 indicates that the government of India is planning a fiscal stimulus to the extent of US$35 billion during FY2013, to jumpstart a lacklustre economy that’s slowing down alarmingly amidst growing negative perceptions about political logjams, policy paralysis and corruption. As per the report, “the government of [...]
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Lessons for the EZ From Alexander Hamilton
It is good to see that RGE is not alone in considering the lessons of history, especially the compares and contrasts between the EZ of today and U.S. experience just after the founding of the republic. Citi in a recent paper draws similar conclusions to our own, but other interpretations of the key lessons of [...]
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The Quiet Revolution
In the four decades since 1970, the world has undergone a “quiet revolution” characterized by profound economic and financial transformations in advanced and emerging economies. This revolution may not have been as visibly disruptive as the first industrial and political revolution of 1789-1848, but its economic, social and political ramifications may be just as important. [...]
