Advancing growth and resilience in the MENA region - Miroslav Dusek on Forum:Blog http://t.co/dgCwBQugdg #WEF
17 minutes ago
Roubini Topic Archive: Credit
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Another Summer of Discontent: The Four Factors that Explain Why What We’re Doing Isn’t Working
Here is what we know about the global economy given the experiences of the past four years: There is a global insufficiency of demand relative to an immense oversupply of labor and productive capacity. The imbalances between high-wage/current-account-deficit/balance-sheet-indebted nations and lower-wage, surplus nations have produced a glut of savings in the latter, relative to the opportunities [...]
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Consumer Credit Growing at Highest Rate in Past Decade: Unhealthy and Unsustainable?
Alright, got your attention. But the headline above is not offered merely by way of titillation, as a former partner of mine would say—it has the added advantage of being true. As many of you who frequent this space already know, I have been tracking the rates of change in the 3 month moving averages of U.S. [...]
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On Sticky Wages and What Happens when Inflation is No Longer an Alternative
Over the past weekend, on his blog on nytimes.com Paul Krugman published a piece entitled “Lessons from Europe” in which Paul approvingly cites a (Oxford economics professor) Kevin O’Rourke article on the EU summit, in which Prof. O’Rourke lays out a very correct argument as to why internal devaluation will not work in the Eurozone [...]
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Dear Paul (Krugman) Letter: Inflation Would be Dandy – But Try to Make it Happen
A couple of days ago, Paul Krugman published a blog post in which he slammed a column that his fellow Paul (Volcker) had written for The New York Times in which he, unsurprisingly, warned of the dangers of inflation. While I agree with Professor Krugman that inflation today is no danger, and would arguably be [...]
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On CNBC’s Squawk Box – Alpert to Bernanke on QE3: “Please Don’t”
Visit msnbc.com for breaking news, world news, and news about the economy
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UPDATE: Retail Sales and Consumer Credit
Back in November of last year, we began to publish a data series that has been reasonably predictive of retail sales performance by correlating retail sales growth data with consumer credit expansion and contraction. We use a trailing 3-month, seasonally adjusted, rate of change in both aggregate consumer credit and retail sales, to chart what [...]
