How JPMorgan’s storm in a teapot grew - http://t.co/lcm89Ze9 http://t.co/zkz1o6wc
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Greek Politics: A Step Towards the Exit
All eyes were on France going into the weekend of May 6th, but it turns out the Greek elections have much bigger potential implications for the future of the eurozone (EZ). Last Sunday marked a seismic shift in Greek politics, in which the two main political parties—New Democracy (ND) and Pasok—together failed to win an [...]
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Bloomberg Video with RGE’s Megan Greene: Spain is Insolvent, Bailout to Come
In case you missed it: April 27 (Bloomberg) — Megan Greene, head of European economics at Roubini Global Economics LLC, Michael Crofton, chief executive officer of Philadelphia Trust Co., and Marc Chandler, chief currency strategist at Brown Brothers Harriman & Co., talk about Standard & Poor’s decision to cut Spain’s sovereign credit rating and the [...]
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Myanmar and China’s Complex Relationship
With political and economic reforms being pressed forward, Myanmar continues to astound the international community with the degree of changes being implemented by the government. As Western nations prepare to suspend and lift sanctions on Myanmar, questions arise as to the reasons motivating the many political actors for the quick change of course. Although a [...]
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Spain Following in Ireland’s Footsteps
Watching developments in Spain since the beginning of April has been source of non-stop déjà vu for anyone who spent 2010 watching events unfold in Ireland. There are a number of striking similarities between the position in which the Spanish government now finds itself and the Irish government’s situation in November 2010, just before it [...]
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Why Spain Won’t Regain Market Confidence
Spain is back in the limelight in the EZ crisis, where it has always belonged based on its fiscal, financial and economic fundamentals. Throughout this crisis, the liquidity or solvency of various sovereigns has been determined to a large degree by market sentiment. For Spain’s borrowing costs to recede again to sustainable levels, Spain needs [...]
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India: Taxing Time for Foreign Investors
Ignorance, they say, is bliss. But not for a country when the government ignores the ground realities while devising plans and policies. The recent union budget of India is a veritable test case of the above. Previously I have talked about how the budget over-estimated the revenue numbers and under estimated the expenditure numbers by [...]
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RGE’s Christian Menegatti and Arnab Das Discuss China Slowdown, Oil Prices, and Potential Fed Action
Christian Menegatti, managing director of economic research at Roubini Global Economics, and Arnab Das, managing director of market research and strategy at Roubini Global Economics, consider the investment implications of China’s impending slowdown, the fear premium on oil prices and potential Fed action.
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EZ Break-Up Stands to Benefit the Core
I’ve argued elsewhere on this blog that the weaker countries in the EZ stand to benefit from abandoning the euro. Rather than undergo an endless process of retrenchment inside the single currency, they could grow much faster following a nominal devaluation outside the euro area. This would not just benefit the peripheral countries, however. The [...]
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Financial Repression – Indian Style
As the Indian economy shows distinct signs of slowdown and with the politically and financially challenged government clearly on the back foot, 2012 has witnessed a series of announcements and actions that shows that financial repression is alive and kicking in India. Although the last quarter of the current financial year (FY2012) is yet to [...]
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RGE’s Christian Menegatti and Megan Greene Chat about the EZ – Fewer Headlines, Just as Many Problems
Christian Menegatti, RGE’s managing director of economic research, and Megan Greene, RGE’s senior economist for the eurozone, highlight Europe’s lingering debt sustainability concerns, despite recent improvement in investor sentiment.
