There is about a 30% chance that the U.S. economy is about to start growing rapidly, with unemployment declining by a percentage point or two each year. There is about a 40% chance that we are about to start a recovery like or a little bit better than …
US stocks finished lower on Friday on mounting worries over fiscal stability of Greece, Portugal and Spain. Concerns about the quality of global economic recovery and a sharp slide in technology sector also added to the gloom.
The past week saw important updates on several key economies. First up is US GDP figures, showing an acceleration of the inventory cycle and stimulus led recovery.[More...]
The Great Recession is now in our rear-view mirrors and with GDP growth of 5.7 in the fourth quarter, the recovery looks well underway. However, the surge in growth is unlike anything we have seen in a while. The recessions of the early 2000’s and 19…
Martin Wolf is writing for the FT’s Davos blog. Here is a copy of his third entry.
Here are further glimpses of the Davos kaleidoscope.
First, my friend Moises Naim, editor of Foreign Policy, gave me a new acronym on the global recovery. It is LU…
In a recent speech, Mervyn King, governor of the Bank of England railed against the inconsistencies of national recovery strategies, saying that, “a present there is no political mechanism for [...]
Risk assets struggled Thursday and into Asian trade Friday as a combination of negatives again highlighted the degree to which the rally from March had left them fully priced for the global recovery that is occurring, with little or no room for any dis…
Today’s European Commission confidence indicators provide further reassurance that the region’s recovery remains on track. The eurozone’s economic sentiment indicator continued its v-shape rebound, rising to the highest since June [...]
The New York Times: >Opposite of Bold: To create jobs, Mr. Obama must make it clear that he will not abandon the states at this time of budget crises. Bolstered aid to states is unpopular. But it is among the surest ways to preserve and create jobs …
The real export data produced by the Bank of Japan (and hidden away on their website) is the best way to keep track of what is going on in the [...]