Posts Tagged ‘growth’
The Bank of England will downgrade Britain’s economic forecast this week, confirming that the recovery is stalling as the Government’s austerity measures take their toll.
At first glance, the latest manufacturing growth figures for the Eurozone paints a positive picture but strip away a couple of the layers, and there is reason for concern. First, the good news – manufacturing growth as measured by the Markit Eurozone Manufacturing Purchasing Managers’ Index (PMI) rose to 58 from 57.5 in March. Any [...]
NEW YORK (CNNMoney) — The Chinese government on Friday issued a target growth rate of 7% for the next five years — still impressively fast, though a comedown from recent years when growth has topped 11%.
China, the world’s fastest-growing economy, is trying to avoid overheating: Inflation there jumped 4.9% in January, driven by a [...]
Overshoot of franc would threaten existence of basically sound countries
Not sure what they can do about it, however, seeing as they are saddled with massive losses on their failed intervention.
The SNB remains a rumored buyer of USD/CHF on dips around 0.9400, most likely legging out of some of the EUR/CHF it bought during its “quantitative [...]
Keynesians wrong AGAIN …
and why US may surprise on growth.
What is great about seeing the economy through Keynesian lenses is the fact that you never have to say you are sorry for all the damage you caused. You just have to say, “It took a bit longer than we expected for our policies [...]
Earlier this morning, the UK reported lower than expected GDP growth which has sent the Pound lower to start the US session. GDP growth came in at 2.7% vs. an expectation of 2.8%. In addition, the release of the BOE rate policy meeting minutes showed no change in stance.
In the US, GDP [...]
Inflation remains contained
Interest rate differential could add to CAD upside; that is a particular concern given CAD strength
Monetary policy should remain highly accomodative
Sees 2011 growth of 2.3%, down from 3.0% in 2010
QE2 has been “at least modestly successful” so far
$600 bln QE2 number is “very much reviewable and changeable”
Quite a bit of tax compromise was anticipated in markets
Concerned about impact of QE on commodity prices, worth keeping an eye on
Crisis in Europe “very serious” , long road ahead
