Tag Archives: economy

Central Bankers wants KISS

This week, the U.S. Federal Reserve and the Bank of England both made welcome moves toward more simplicity. Specifically, they recast the “forward guidance” they’d previously given investors about their intentions.

http://www.bloomberg.com/

P:S

Definition of KISS

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  • 70
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: uk, europe, economy
  • 68
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: uk, europe, economy
  • 65
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: uk, europe, economy
  • 64
    (Source http://www.independent.co.uk/news/business/comment/david-blanchflower/david-blanchflower-we-should-fear-deflation--not-welcome-it-9986726.html ) The UK isn’t in deflation yet. While central bankers know what to do about stopping inflation, they don’t know what to do about halting deflation. The Swiss National Bank last week abandoned its attempt to defend a currency floor, which caused a sharp appreciation in its currency, which…
    Tags: uk, economy, bank, central
  • 64
    The European Debt Crisis Visualized http://www.bloomberg.com/
    Tags: http://www.bloomberg.com, europe, economy

Australian Unemployment Jumps to 10-Year High; Aussie Drops

Australia’s unemployment rate climbed to the highest level in more than 10 years in January, spurring traders to pare bets on an interest-rate increase and sending the Aussie to its biggest drop in almost three weeks.

The jobless rate rose to 6 percent from 5.8 percent, the statistics bureau said in Sydney. The median estimate was an increase to 5.9 percent in a Bloomberg News survey of economists. The number of people employed fell by 3,700.

http://www.bloomberg.com/

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  • 70
    The Labor Department reports on the number of people who applied for U.S. unemployment benefits last week. The report will be released at 8:30 a.m. Eastern time Thursday. APPLICATIONS MAY STAY LOW: Economists forecast that the number of people seeking benefits will dip 1,000 to a seasonally adjusted 330,000, according…
    Tags: number, people, unemployment, survey, level, economists, employment, economy
  • 63
    U.S. economy added 533,000 jobs during the first three months of the year What do we need to analyse ? -To keep pace, job creation would need to accelerate in April -Watch which sectors of the economy are adding jobs. -Flirting with Full Employment -Average hourly earnings -The participation rate…
    Tags: economy, rate, year, three, employment
  • 58
    Please visit the souce :: http://econbrowser.com/archives/2014/09/interpreting-the-yield-curve-some-pictures   Recently Jim highlighted the odd behavior of the various Treasury term premia. Here are some additional thoughts. First, from “Debt market goes off script” in the WSJ: Yields on short-term U.S. Treasury debt maturing in two to five years hit the highest level since…
    Tags: year, economy
  • 56
    Follow up of my post on BIG COMPANIES NOW HAVE A HAND IN THE COLLABORATIVE ECONOMY Here is one picture.
    Tags: economy
  • 56
    http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
    Tags: economy

Economic view of Online Dating

Paul Oyer, an economist at Stanford’s Graduate School of Business, is the author of “Everything I Ever Needed to Know About Economics I Learned From Online Dating,” published last month by Harvard Business Review Press. Through his own experience, Mr. Oyer became intrigued by the economics at work in the online dating marketplace. His book explores how knowledge of economic concepts can help narrow Cupid’s aim. Mr. Oyer’s personal strategy turned out to be a winning one: he met his current partner online.

http://economix.blogs.nytimes.com

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  • 64
    Greek debt tracker   As the government in Athens haggles with its lenders over economic reforms,Greece is running out of money. Here is what it owes in the upcoming months. http://www.ft.com/ig/sites/2015/greek-debt-monitor/
    Tags: economic, economy
  • 61
    Commerce knits the modern world together in a way that nothing else quite does. Almost anything you own these days is the result of a complicated web of global interactions. And there's no better way to depict those interactions and the social and political circumstances that give rise to them…
    Tags: economic, economy
  • 61
    Group of 20 finance ministers need to find ways to boost productivity growth or risk seeing the world economy to slip into an extended period of low growth, the Organization for Economic Cooperation and Development said. The widespread drop in productivity may “presage the beginning of a new low-growth era,”…
    Tags: economy, economist, economic
  • 60
    Chinese economic growth slowed to the lowest level since 1999 last year, expanding 7.7%. Policymakers have recognized the need to rebalance economic growth and are now slowly transitioning away from a credit and export driven economy to one driven by consumer growth. Some argue that the recent crackdown on shadow banking and the money market rate spikes are…
    Tags: economy, economic, economist
  • 57
    THE founders of the internet were academics who took users’ identities on trust. When only research co-operation was at stake, this was reasonable. But the lack of secure identification is now hampering the development of e-commerce and the provision of public services online. In day-to-day life, from banking to dating,…
    Tags: online, work, dating, economy

Is Future pure software #bank ?

Some of the biggest names in Silicon Valley have been buzzing on Twitter over the last 24 hours about reinventing retail banking with better software.

“I am dying to fund a disruptive bank,” venture capitalist Marc Andreessen tweeted yesterday. Other Valley heavyweights chimed in, including Chris Dixon (a colleague at Andreessen Horowitz), Keith Rabois (Khosla Ventures), and Mo Kofyman (Spark Capital).

http://qz.com

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  • 79
    Follow up of my post on BIG COMPANIES NOW HAVE A HAND IN THE COLLABORATIVE ECONOMY Here is one picture.
    Tags: economy
  • 79
    http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
    Tags: economy
  • 75
    Greek debt tracker   As the government in Athens haggles with its lenders over economic reforms,Greece is running out of money. Here is what it owes in the upcoming months. http://www.ft.com/ig/sites/2015/greek-debt-monitor/
    Tags: economy
  • 75
    This is a story about ARM Holdings (ARMH), the mobile technology company. But before it gets going, here are a few things you need to know: 1. ARM is a company made up mostly of chip engineers. They design parts of chips—such as graphics and communication bits—and they design entire…
    Tags: economy
  • 74
    Publicis CEO Maurice Levy's last-ditch offer to let Omnicom chief John Wren be CEO couldn't save the $35 billion deal to create the world's largest advertising company.   http://postcards.blogs.fortune.cnn.com/
    Tags: economy

How to hedge yourself against shakes from Asia’s biggest economy China

The global financial crisis did not start in 2008 but in 2007 when BNP Paribas and UBS AG suspended withdrawals from some of their funds.

If the world is once again buffeted by a similar crisis thanks to the enormous splurge in Chinese lending and fears about the quality of lending in the giant shadow banking industry, then historians will look back at January 2014 when a fund promoted by Industrial and Commercial Bank of China ( ICBC) came close to default.

Read more at:
http://economictimes.indiatimes.com/articleshow/30131463.cms

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  • 10000
    Pacific Money writer James Parker recommends the most insightful economics and finance offerings. James Parker was recently asked which English-language books he would recommend for someone seeking to understand the Chinese economy and financial system. The list and some brief summaries are included here http://thediplomat.com/2014/02/10-books-for-understanding-chinas-economy/
    Tags: economy, chinese, financial
  • 87
    China's banks disbursed the most loans in any month in four years in January, a surge that suggests the world's second-biggest economy may not be cooling as much as some fear. Chinese banks lent 1.32 trillion yuan ($217.6 billion) worth of new yuan loans in January, beating a 1.1 trillion…
    Tags: january, china, bank, chinese, lending, economy, asian
  • 85
    The People’s Republic of China’s (PRC) economy has shown signs of overheating despite a sharp slowdown in economic growth, suggesting that, constrained by the supply of labor, its potential growth rate might have fallen significantly from its past level. With the priorities of the PRC’s authorities shifting from raising economic growth…
    Tags: economy, china, asian
  • 84
    China’s Premier Li Keqiang isn’t the sort of man to blush in public. But yesterday, when he went in front of China’s national legislature and targeted 7.5% growth in gross domestic product for 2014, he should have. The problem isn't the number -- most economists agree that 7.5% is a…
    Tags: china, chinese, economy, asian
  • 74
    For a decade, starting in the late nineteen-eighties, Ramesh Ramanathan worked his way up the executive ladder at Citibank in the United States. Then he led its corporate-derivatives branch in London. In 1998, however, he quit and returned to India, his country of birth. He had a new goal: finding…
    Tags: bank, will, economy, asian

Turkey Struggles to Protect Its Lira

The plunge of the lira has already exposed the Turkish economy’s dependence on short-term foreign investment. Most foreign capital is invested in Turkish stocks and bonds rather than longer-term projects.

All it takes is a phone call or a few clicks of a mouse for short-term investors to move their money elsewhere, and that is what foreign investors have been doing, not only in pulling money out of Turkey but from countries like Russia, Argentina and South Africa, whose currencies have also fallen as a result.

http://www.nytimes.com/

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China central #bank says to continue stable monetary policy

China‘s central bank reiterated its stance of continuing with a stable monetary policy this year and promising to contain risks in lending, noting that the economy has yet to find a stable base for growth.

In its quarterly monetary policy report, released on Saturday, the People’s Bank of China (PBOC) also said that it would step up oversight of lending in risky areas such as property and industries struggling with overcapacity.

(Reuters)

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    Chinese economic growth slowed to the lowest level since 1999 last year, expanding 7.7%. Policymakers have recognized the need to rebalance economic growth and are now slowly transitioning away from a credit and export driven economy to one driven by consumer growth. Some argue that the recent crackdown on shadow banking and the money market rate spikes are…
    Tags: growth, economy, china, year, china's
  • 10000
    One reason for global market weakness is investors’ fears that emerging market economies may be heading for a broad crisis, sparked by higher U.S. interest rates and slowing growth in China. Much of the analysis in the last few days has focused on why these nations are less exposed to…
    Tags: china, growth
  • 70
    11 Ugly Charts That Confirm China's Dramatic Slowdown During the National People's Congress, China's policymakers announced that it would target 7.5% GDP growth target for 2014. This is down from 7.7% growth in 2013, and the recent data shows that the economy is clearly off to a slower start to…
    Tags: china's, growth, economy, lending, people's, year, china
  • 69
    China's central bank is prepared to take its strongest action since 2012 to loosen monetary policy if economic growth slows further, by cutting the amount of cash that banks must keep as reserves, sources involved in internal policy discussions say. A cut would be triggered if growth slips below 7.5…
    Tags: bank, central, china's, growth, policy, monetary, year, economy, china
  • 69
    When stock markets are free-falling 10+% in a matter of days, it’s natural to seek some answers to the question “why now?” Some are saying it was all the result of high-frequency trading (HFT), while others point to China’s modest devaluation of its currency the renminbi (a.k.a. yuan) as the…
    Tags: china, growth, economy, central, bank

Ukraine’s economy is in urgent need of assistance

Ukraine’s economy is in urgent need of assistance will Russia with Putin as leader help them out ?

Vladimir Putin holds brief talks with Viktor Yanukovich at Sochi Games as Ukraine awaits Russian bailout amid uprising.

Viktor Yanukovich, who has been battling anti-government protesters since he rejected a trade deal with EU in favour of closer ties with Russia, arrived back to Ukraine on Saturday, following a brief meeting with Putin.

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    Ratings agency fears steep and uncontrolled depreciation of the currency as central bank limits private transfers abroad of around $5,700 a month Ukraine's economic woes deepened on Friday after Fitch downgraded its credit rating and the central bank imposed new capital controls to bolster the hryvnia. The ratings agency cited…
    Tags: ukraine, ukraine's
  • 72
    A Russian occupation of Crimea raises the specter of the Cold War, in which the nuclear stalemate between the United States and the Soviet Union devolved into regional disputes around the world. While military and political frictions made the biggest headlines, the Cold War couldn’t be well understood without using…
    Tags: russian, ukraine, russia
  • 67
    Follow up of my post on BIG COMPANIES NOW HAVE A HAND IN THE COLLABORATIVE ECONOMY Here is one picture.
    Tags: economy
  • 67
    Crimea's parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula. The sudden acceleration of moves to bring Crimea, which has an ethnic Russian majority and has…
    Tags: russia, russian, ukraine
  • 67
    http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
    Tags: economy

How China’s Slowdown Is Having Ripple Effects All Over The World

Chinese economic growth slowed to the lowest level since 1999 last year, expanding 7.7%.

Policymakers have recognized the need to rebalance economic growth and are now slowly transitioning away from a credit and export driven economy to one driven by consumer growth. Some argue that the recent crackdown on shadow banking and the money market rate spikes are part of this effort.

But what sort of ripple effects impact is all of this having on the global economy?

First, let’s take a look at economies that rely on China to consume their exports.

Bloomberg chief economist Michael McDonough tweeted this chart that shows the percent of country’s total exports consumed by China.

Read more: http://www.businessinsider.com/ripple-effects-of-chinese-slowdown-2014-2

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    One reason for global market weakness is investors’ fears that emerging market economies may be heading for a broad crisis, sparked by higher U.S. interest rates and slowing growth in China. Much of the analysis in the last few days has focused on why these nations are less exposed to…
    Tags: market, china, economies, global, growth
  • 80
    11 Ugly Charts That Confirm China's Dramatic Slowdown During the National People's Congress, China's policymakers announced that it would target 7.5% GDP growth target for 2014. This is down from 7.7% growth in 2013, and the recent data shows that the economy is clearly off to a slower start to…
    Tags: china's, growth, slowdown, policymakers, read, economy, rebalance, driven, year, china
  • 76
    http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
    Tags: global, economy
  • 76
    For 31-year old Beijing resident Wang Yuanzhi, talk about a bubble in Chinese property is not something to be too concerned about. "If you look at the real estate market in China, it has already seen a golden decade of extreme fast growth. There will still be room for growth…
    Tags: market, china, growth, china's, chinese, year, economy
  • 75
    I will let you guess where we are in this "cycle". Within a fractional reserve banking system, if the Federal Reserve decreases the discount rate and the rate is lower than the long bond rate by enough of a spread, the banks get motivated to borrow at or close to the  discount rate and loan…
    Tags: market, economy, rate, money