On @AirTalk, @ianbremmer describes our G-Zero world, and what it means for global leadership: http://t.co/14V8V1iS . #gzero
3 minutes ago
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Looking Ahead – Who’s on the FOMC in 2012?
Nouriel and other clear-thinking economists often talk about the Three Stooges at the Fed, Kocherlakota, Fisher, and Plosser (Minnesota, Dallas, Philadelphia), who have probably hampered monetary policy this year. Kockerlakota and Plosser are good economists, but with degrees from Chicago, their intellectual and philosophical perspective renders them incapable of understanding the U.S.’s economic situation, including [...]
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Response to Randy Wray’s Biggest Commodity Bubble of All Time
L. Randall: You present a compelling argument for a commodity bubble. Yes, the financialization of commodities has truly played a role in rising global commodity prices via the many new ETPs (exchange traded products) backed by either commodity futures or physicals, as well as indices and other forms of investible instruments. Yet I wish to [...]
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A Taste for RMB in Africa…
While the focus at today’s South African reserve bank (SARB) meeting was on the central bank’s dovish tilt, Governor Marcus was also questioned on whether South Africa’s newfound BRICS cooperation extended to currency coordination with China – in other words, would or has South Africa joined the throng of countries considering to add RMB to [...]
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Why RBI Should Be on Hold
Indian monthly inflation number for August was released today and it showed a minor uptick. There is a possibility that this will goad India’s central bank, the RBI (Reserve Bank of India) to continue with its hawkish stance, irrespective of the disastrous IP number released earlier this week. The feeling is that, the IP number [...]
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The (Debt) Hangover – Part II
The summer of 2011 has taken developed and overdeveloped economies on a rough ride – and it has taken its toll on consumers, investors, and politicians. With talk of a double dip recession in the United States and a break-up of the eurozone, it seems like a second—possibly larger—financial and economic storm is brewing. US [...]
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The News from Marseilles: Pledges for the Arab Spring
Although global markets were looking for signs about how G7 leaders would respond to the ructions in the Eurozone, reading the reports over the weekend most of the deliverables seemed to relate to support for MENA. Perhaps because supporting MENA countries in transition and avoiding further destabilization that could add to commodity price spikes was [...]
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How Real Is the Privatization Plan for Russia?
The Russian government has introduced an expanded state asset sale program and has extended it through 2017, as it seeks to reduce the state’s role in the economy and balance the budget. The expanded plan, however, does not mention any company from the list of Russian state corporations that represent a significant part of the [...]
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Will the Rugby World Cup Help NZ Sustain its Growth Momentum?
Tourism is integral to New Zealand’s economy in the production of goods and services and the creation of employment opportunities. With a yearly average of 2.4 million visitor arrivals, the tourism industry is the country’s biggest export earner. In the year ended March 2010, international tourist expenditures comprised NZ$9.5 billion (18.2% of total export earnings) [...]
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India’s Manufacturing Sector: Feeling the Heat
Monetary tightening failed to tighten the screws Since March 2010, the RBI has raised the repo rate 11 times, moving it up to 8% from 3.75%. Yet, for a fairly long period of time it failed to impact domestic demand. This can be attributed to the following. RBI failed to gauge the inflation trajectory appropriately [...]
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RGE’s Shelley Goldberg CNBC Video – ‘Hurricane Irene’s Impact Not as Bad as Thought’
