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Gideon Rachman and his FT colleagues debate international affairs. … “What the world eagerly awaits is for our seas and our skies to be places governed by rules, laws and established dispute resolution procedures,” said Mr Abe. “The least desirable state of affairs is having to fear that coercion and threats will take the place of rules and …. •Privacy policy; •Copyright; •Cookie policy. © The Financial Times Ltd 2014 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. — Fri, 30 May 2014 23:49:29 -0700
Date: 30-05-2014 Source: The Economist Asian and Western business will become more alike Come rain or shine, the future is global ASIA PROSPERED OVER the past two decades by following a different economic model from the West’s. But if it wants to continue to do well over the next 20 years, it will … The financial apparatus to bring on lots of new firms—and particularly the venture-capital industry—is very immature. Despite the hype over “new” Asian industries, such as green … — Fri, 30 May 2014 23:41:05 -0700
African finance ministers and governors of Sub-Saharan Africa have agreed to partner with the International Monetary Fund on major needs of the region. Notice of the partnership is contained in a document tagged: “Maputo Joint Declaration” … — Fri, 30 May 2014 21:38:23 -0700


Good day everybody. Who’s ready for the week-end ? Data wise we have various bits and pieces to keep the scoreboard ticking over but it’s month-end so we can expect a few related flows to perhaps throw in a few curve balls. It’s also Friday … — Thu, 29 May 2014 22:39:52 -0700
Belgium has a GDP of $480 billion, the bulge fast approaching the size of their entire economy. Their chief export is tied closely to the hot air emanating from the EU Commission and Parliament, neither body possessing a scintilla of global … — Thu, 29 May 2014 23:45:00 -0700


We are also very excited to announce that customers of IIFT will have access to David McWilliams ‘Global Macro 360°- Daily Note, which includes global economic analysis and indeed his strategic traded positions. We feel the combination of … — Thu, 29 May 2014 23:11:32 -0700
Author Rickards predicts collapse of global monetary system (May 28 2014) The collapse of the monetary system awaits the world in the near future, says financial expert James Rickards. Russia and China’s desire to rid the US … As one of the key events in support of his forecast, Rickards points to the words uttered by Russian President Vladimir Putin at the 18th International Economic Forum in Saint Petersburg that took place earlier this month. “Putin said he envisions a … — Thu, 29 May 2014 23:00:10 -0700
The EU, Financial Markets and Ukraine vs. Russia As the world economy (financial markets) connected globally, it wasn’t long before investors realized that certain aspects of the market and certain regions of the global economy moved … — Thu, 29 May 2014 22:58:00 -0700


Good day one and all. How’s your week going so far ? catching any of the waves, albeit limited to a few ccy pairs? Data wise we don’t have a lot to light up the landscape but that’s been the story of the week thus far anyhow. Second reading of … — Wed, 28 May 2014 22:07:06 -0700
With that, GBP/USD could be in for more forex signals of a selloff, as the US economy is doing pretty well. On top of that, the US dollar … This is a less likely scenario though, as global economic trends seem to be reflecting another slowdown. To contact the …. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite. Do not invest … — Thu, 29 May 2014 00:10:28 -0700
Finally, international leadership; Europe should lead on sustainable economic initiatives globally – both fulfilling its own commitments for climate and biodiversity finance and supporting developing countries to move forward. — Thu, 29 May 2014 00:07:52 -0700


Apple boss Tim Cook said the deal would allow the firm to “continue to create the most innovative music products and services in the world”. … Demoracy @15: Reforms fail to lift economy … How to improve your financial IQ …. For the Record (11), Foreign Feature (27), Foreign Health (10), Foreign Metro (82), Gadget Smart (166), Gadgets (3), Girls Club (3), Global Entertainment (131), Global Fashion (79), Global Finance (63), Global Trends (10), Health (1,789), Health Science (370) … — Wed, 28 May 2014 23:01:02 -0700
The global financial crisis has shed light on the importance of contagion and systemic risk. One source of risk is the interconnectedness of economic agents created through financial transactions. These transactions generate a “financial … — Wed, 28 May 2014 22:57:00 -0700
Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Wed, 28 May 2014 22:45:00 -0700


Good day one and all. A quiet Asian session after yesterday’s lively European/US trading leaves us delicately poised. Consolidation time or just a pause for breath before the USD buying resumes ? We await with bated breath. Key data … — Tue, 27 May 2014 22:00:32 -0700
Ed Nusbaum on the brighter regional outlook. Home Global economy Europe recovers, but slowly … Ed Nusbaum is global CEO of Grant Thornton. Join the debate on Twitter using #GTIBR or read how the Financial Times reported this story. — Tue, 27 May 2014 23:10:50 -0700
We are all familiar with the factors behind the crisis—a financial sector that nearly collapsed because of excess. A sector that, like Icarus, in its hubris flew too close to the sun, and then fell back to earth—taking the global economy down with it. — Tue, 27 May 2014 23:04:00 -0700
James Henry, former chief economist at consultancy McKinsey and an expert on tax havens, has compiled the most detailed estimates yet of the size of the offshore economy in a new report, The Price of Offshore Revisited, released exclusively to the Observer. … The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such as real estate, gold, yachts and racehorses – puts the sum at between $21 and $32 trillion. ***. — Tue, 27 May 2014 22:30:34 -0700
“To the extent that inequality is not particularly supportive of sustainable growth, it’s an issue and one that we have to look at carefully and try to address in order to maintain stability and sustainability of economies,” she said. In her speech, Ms Lagarde said some of the … “This is a gaping hole in the financial architecture right now, and it calls for countries to put the global good of financial stability ahead of their parochial concerns,” she said. For such changes to be effective, however, … — Tue, 27 May 2014 21:44:00 -0700

Good day everyone, and I hope those who had a long w-e are well rested or at least up to speed with the gardening despite the rain! And of course welcome back Eamonn! Various bits and pieces coming up today datawise and Draghi makes … — Mon, 26 May 2014 22:26:28 -0700
8 Denmark’s fixed exchange rate regime and the delayed recovery from the Global Financial Crisis: A comparative macroeconomic analysis. Thomas Barnebeck Andersen and Nikolaj Malchow-Møller Department of Business and Economics, …
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But in short, he reckons cash is a better protection against asset price deflation which is most probably where the global economy is heading next. Gold is better as a way to beat the inflation that will follow as the global money printing saga … — Mon, 26 May 2014 20:49:15 -0700


Quiet session ahead of UK and US holidays Monday…

Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Sun, 25 May 2014 23:04:00 -0700
Following eight years of Vladimír Mečiar’s populist government, the cabinet of Mikuláš Dzurinda and Mikloš came to power in 1998, and thanks to their rapid and radical reforms the economy achieved high growth. This confirms the idea that faster growth …. A majority of the banks have been privatized. During the global financial crisis some voices emerged in Poland arguing that it would be better if the state held more banks, since it could then conduct a „sovereign credit policy”. — Sun, 25 May 2014 22:51:30 -0700
(iii) The impact of growing financial interlinkages and the challenges these pose for monetary policy, particularly in emerging market and small open economies. 1. The Evolving Mandate of Monetary Policy Let me begin with …. We need a concerted effort to examine the effectiveness of cooperative policy responses, their spillover effects, and their global welfare implications—also in light of the evolution of the financial system. The IMF can contribute to this effort—directly through our … — Sun, 25 May 2014 22:33:00 -0700
The pound showed signs of retreat towards the end of the forex trading trading week, despite the lack of data from the UK economy. There are no reports … James is a freelance economics journalist specialising in the financial markets. He has spent 15 years as a …. Global Invest is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or … — Sun, 25 May 2014 22:06:13 -0700
The price and cost of doing that may however be high or very high – approaching the politically defined value of European Security, energy or other, when or if the financial and economic costs of this or these goals are calculated or can be … The EU’s Eurostat agency makes a point of not giving global-comparable figures for total EU28 GDP but instead gives the EU28 average for 2012 (most recent data) as 25 600 euros/year per inhabitant for a total population of slightly above 500 … — Sun, 25 May 2014 21:33:50 -0700

China’s state broadcaster, CNTV, quoted Li as saying that some policy fine-tuning could support “reasonable growth” in the financial sector. Global ratings firm Moody’s said in a report published on Saturday that a series of new guiding principles for capital market development unveiled by the State Council (Chinese Cabinet) this month will have profound impact on the country’s long-term economic growth. The Chinese Cabinet’s plans for new reforms, opening up, regulation of … — Sat, 24 May 2014 23:37:03 -0700

So while we were still waiting for the escape velocity, world trade, one of the major indicators of what’s going on in the globalized economy, has descended into a very unpropitious slump. World trade volume dropped … a slightly different perspective. The chart below shows the steady rise of world trade volume from 2005 up to the global financial crisis, when things came to an abrupt halt and momentum went over the cliff, then the rapid recovery, and since late last year, the slump. — Sat, 24 May 2014 21:56:21 -0700
Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Sat, 24 May 2014 21:43:00 -0700

Stress tests conducted under the IMF’s Financial Sector Assessment Program suggest that the financial sector could withstand many possible adverse shocks, including a global slowdown and property sector price correction. They indicate that … — Sat, 24 May 2014 00:00:00 -0700
1) Taylor makes the point that Picketty’s determinations of the rate of profit and the capitalists’ share of those profits assume a fully employed global labor force due to his use of the neoclassical production function (the one trashed back in the 1950s … 3) The accumulation of wealth at the top is not an autonomous product of “capital”, some natural law of economics which states that it will always produce growing inequality, but rather a product of specific policies which can be reversed. — Fri, 23 May 2014 23:23:14 -0700
The housing and residential mortgage markets in the United States suffered a period of great downturn during the Great American Recession and the global financial crisis. It took the Federal Reserve considerable effort to stimulate the housing economy, and the first glimpse of a real recovery arrived in late 2012. After years of mortgage loan modifications and refinancing activity thanks to government initiatives such as the Home Affordable Modification Program (HAMP) and others, … — Fri, 23 May 2014 21:16:21 -0700
Print this page. Banking & Finance Sign Up for free Newsletter … It’s widely seen as the biggest problem looming for the global economy that threatens a credit crunch like the US subprime crisis. Can the Bank of China do a better job than the … — Fri, 23 May 2014 21:11:10 -0700



Global economic data releases 23 May 2014

Good day one and all, and hats off to the boss for covering the Asian shift. Dedication to the cause for sure ! Sean will be back for the next two sessions before Eamonn returns on the 26th. So what have we got coming up on the data board to … — Tue, 20 May 2014 21:46:39 -0700

To put these numbers in perspective, during the 2008/09 global financial crisis, the UK’s GDP fell by around 7 per cent. Other economic effects: regulation, immigration, foreign direct investment. Brexit will not only affect trade, but also foreign … — Wed, 21 May 2014 23:30:36 -0700
Overall, the rankings are a useful reminder of the outsized role that the U.S. financial sector plays in the domestic and global economies. Who would have guessed that Boston is now seen as more of a financial powerhouse than Geneva? — Wed, 21 May 2014 23:18:14 -0700
In a clear bid to rally voters to his centre-right UMP party, which is under threat of losing in France to the anti-EU National Front, Mr Sarkozy broke a two-year virtual silence on political issues to issue a ringing defence of the need for the union to preserve peace in Europe and beyond. — Wed, 21 May 2014 22:36:00 -0700
According to Jan Loeys, JPMorgan’s head of global asset allocation the answer is yes… Quoting him… Where do we go from here? To this analyst, still very subdued economic growth, both at the US and global level, implies continued easy … — Wed, 21 May 2014 22:08:57 -0700
Uphill capital flows and global imbalances have taken center stage at academic and policy debates for some time. Over the past two … and Jeanne (2013)). Although external imbalances have decreased quite a bit since the global financial crisis, they have not disappeared yet. … Almost 50 out of 60 countries with growth rates above the mean growth rate over 1970—2000 are net importers of capital as predicted by the textbook small open economy model. puzzle5. Figure 5: Net … — Wed, 21 May 2014 21:52:39 -0700