The Fed’s Options

RGE’s Kevin Harris has a nice preview of the July FOMC meeting: in brief, FOMC members are locked and loaded, ready for a September hike, though they will refrain from committing to a move and do their best not to cause an overreaction across the yield curve, where too few hikes are priced in relative to the […]

UK Budget: An Electoral “Statement”

Bottom line: The UK’s Autumn Statement came out mostly in line with our expectations, with one positive surprise that is clearly appealing for large portions of the electorate: a reform of the stamp duty on home purchases. As the richer will pay more, and more funds will be devoted to NHS, this reform clearly resembles […]

The City of London in a New Geopolitical Order

Among the world’s financial hubs, the City of London is most in search of a new identity that would allow it to adapt to an evolving geopolitical scene. Global financial hubs tend to be the key financial center of the country, region or continent they are based in: New York is the most important financial […]

Italy: Clamp Down Corruption to Jump Start Growth

A Dialogue with the President of Italy’s Anti-Corruption Authority. Italy’s sluggish growth is at the center of the political debate, as well a key concern for international authorities, given its implications for public debt sustainability. A number of factors can explain Italy’s low growth potential. Most of them refer to the obsolescence of large portions […]

Fed’s Tapering Decision Bears Out RGE’s Out-of-Consensus Call

NEW YORK—18 September 2013—Roubini Global Economics (RGE), an independent, global macroeconomics and strategy research firm, highlights its out-of-consensus call that the U.S. Federal Reserve would not “taper” the pace of quantitative easing at its September policy meeting, an assessment confirmed by the Federal Open Market Committee (FOMC) in a statement today. RGE first expressed this […]

Urbanization Cannot Explain China’s Imbalanced Growth Model

In the latest example of what we have dubbed “the most over-hyped theme in emerging markets,” the Carnegie Endowment’s Yukon Huang defends China’s imbalanced growth model as a natural consequence of rapid urbanization in an FT Alphavile guest post. He writes, “urbanization largely explains both the decline in labor’s share of income and the increase […]

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