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Today’s Trivia Question: Why Was There No NFP Release Today?
Question: What are the rules for determining the release date of the NFP and other monthly statistics? Usually it is the first Friday of the month, which sometimes it can be on the 1st or 2nd of the month (e.g. 2-Dec-11, 1-Apr-2011), but other times it is delayed a week to the 2nd Friday (8-Jul-11, [...]
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Senegal’s Elections: ‘Hare’ Trigger for Wider Political Turbulence in West Africa?
Despite initial expectations that incumbent President Abdoulaye Wade would remain firmly in place for a third term after Senegal’s February 26 elections, Wade was unable to garner the 50% of votes required to avoid a run-off. With just 34.8%, the president has accepted that the high-stakes race will now go to a second round. The [...]
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Note from Athens: Feeling on the Ground Has Palpably Changed
I travel to Athens about once every six months and speak with as many contacts as I can, including top policymakers, bankers, journalists, economists and academics. On my most recent trip in mid-February, the feeling on the ground had palpably changed in a number of ways that have supported my view that Greece will eventually [...]
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Philippines: Reconciling Short-Circuiting Electronic Exports
The situation for Philippine exports is particularly dire, with the value of exports falling by 20.7% y/y in December 2011 after reaching a two-year low in September amid persistent weakness in external demand for the country’s electronic goods (Figure 1). Export growth contracted for its eight consecutive month, while electronic exports contracted for its eleven [...]
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RGE’s Prajakta Bhide CNTV Video Discussing QE3, U.S. Home Sales and Growth
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Apple Shares Reach $500 Milestone
Is it all about Apple? This FT article shows how much influence a single company has, which is indeed a danger should that company slip. On the other hand, most countries have one company or sector that is a stand-out and punches way above its weight: it’s like Finland and Nokia, or Brazil/Norway and Petrobras/Statoil, [...]
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RGE’s Christian Menegatti CNBC Video – Bailout Won’t Save Greece’s Solvency
CNBC Video — Christian Menegatti, VP, Global Economic Research, Roubini Global Economics, says while Greece is likely to receive a second tranche of aid, the country’s solvency will continue to remain in question.
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RGE’s Arnab Das – Rupee Will Underperform, Not Bullish on it
In an interview with ET Now, Arnab Das , MD, Roubini Global Economics talks about how the Indian economy will grow this year with a special emphasis on the country’s investment cycle and rate cuts. Excerpts: ET Now: What are your views on the projected sub-7% growth and the correction in inflation? Is it as [...]
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High U.S. Gasoline Prices – Consumer Optimism or Otherwise?
The January retail price of gasoline broke records, averaging US $3.37 a gallon, according to the Oil Price Information Service. This price compares with the previous record average for the month of US $3.095 a gallon, set last year and a much lower US $2.71 in January of 2010. January is typically a month of [...]
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RGE’s Gina Sanchez CNBC Video – Does the Rally Have Legs?
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Thomas Grennes
Thoughts From Across the Atlantic
Thomas Grennes is a professor of economics at the North Carolina State University and a former visiting faculty member at the Stockholm School of Economics in Riga. His research has dealt with various aspects of international economics, including open economy macroeconomics, international finance, and international trade in agricultural products. Recent research topics have included macroeconomic aspects of the Great Moderation, offshore outsourcing, sovereign wealth funds, and the relationship between government debt and economic growth. Earlier work dealt with emerging market issues in the Baltic countries and Russia and trade and macro policies in Sub-Saharan Africa. Economic history topics include the Columbian Exchange of plants and animals, the effects on food markets of introducing mechanical refrigeration, and the integration of Tsarist Russia into the world grain market. When he is not involved in economics, he enjoys mountain hiking.
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