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China's slowdown is secular, not cyclical
Gavyn Davies
Shenzhen Business District © Nikada / Getty Images It is very striking that western commentators and investors have become extremely sceptical about any good news emanating from the Chinese economy. This week, for example, official economic data showed growth in gross domestic product at a quarterly annualised rate of about ...
 
The Fed at the Crossroads
The Editorial Board / NY Times
It is crucial that the Federal Reserve keep interest rates low as long as inflation is in check.
 
Hong Kong Is a Modern City Without a Modern Government
Lynn T. White III / Foreign Policy
Beijing has franchised control to a tiny group of super-rich capitalists.
 
Currency Wars: The Next Generation
David Glasner / Uneasy Money
I saw an interesting news story on the Bloomberg website today. The title sums it up pretty well. "Currency Wars Evolve With Goal of Avoiding Deflation." Just as Lars Christensen predicted recently, nervous - and misguided - talk about currency wars is spreading fast. Here's what it says on Bloomberg: ...
Expand sublinks   Also:  OANDA
 
Foreign direct investment: it's not all good
Alan Beattie / Beyond BRICs
If there's one subject on which policymakers around the world seem to agree, it's that foreign direct investment is a Good Thing. The annual tables of inward foreign direct investment (FDI) are treated by governments of rich and poor economies alike much as football fans treat rankings in the English ...
 
The Draghi Grand Plan 2.0
Cam Hui / Humble Student of the Markets
The parents fight and the kids hear everything. The younger, more naive ones, think that the parents are on the verge of a divorce, but nothing could be further from the truth. That`s the picture of Europe today. The outsiders are the young kids listening to the fights between European ...
 
Why Japan's government shakeup might be good for 'womenomics'
Caroline Fairchild / Fortune Finance
The resignation of two of the five women in Japan's Prime Minister Abe's cabinet might help women in the long run.
 
Where the World's Oil Will Come From
Kenneth Rapoza / Forbes
The U.S. may be the next Saudi Arabia, and as an individual country, no one outside of OPEC will be pulling more oil and gas out of the ground in the next 20 years like the Americans. But overall, despite greater volumes in the U.S., the world's oil and gas ...
Related: Oil Prices Are Dropping. Will We Turn Into Gas-Guzzling, Energy Monsters Again?
Jeffrey Ball / New Republic
In the 1970s, years of high oil prices forced the United States to get more strategic about how it used fossil fuel. Drivers switched from Detroit-made gas-guzzlers to Japanese econo-boxes. House builders began putting more insulation in walls. Washington and a bevy of states threw taxpayer subsidie
Related: Venezuela and sliding oil prices
Andres Schipani / Beyond BRICs
Blame the Empire. Venezuela's socialist President Nicolás Maduro on Wednesday accused the United States of oversupplying the market -in his words, "inundating the market"- to rattle oil prices. His government is having a tough time coping with a sliding crude price as oil accounts for some 95 per cent of ...
 
Despite Riches, Venezuela Starts Food Rationing
WSJ Economy
The government in Caracas rolls out fingerprint scanners to limit purchases of basic goods, infuriating consumers, amid a shortage of products.
Expand sublinks   Also:  WSJ | Reuters
Related: Venezuela estimate of the day
Tyler Cowen / Marginal Revolution
Venezuela loses $728MM for each 1$ the oil price drops. Assuming oil @ $104 in 2014 and $96 in 2015 Vzla's $ deficit in 2015 will be $27.8bn That is from Moisés Naim on Twitter. Here is more on the same topic.
 
Is Laziness the Cause of Economic Inequality?
Bruce Stokes / Foreign Policy
Americans and the British lean toward moral weakness, but the rest of the world blames government policies.
Related: How Quantitative Easing Contributed to the Nation's Inequality Problem
William D. Cohan / DealBook
The Fed's policy that drove down interest rates to historically low levels have actually exacerbated the inequality problem that Janet L. Yellen said concerned her, writes William D. Cohan in Street Scene.
 
U.K. Mortgage Holders So Far Unfazed By Prospect of Higher Rates
Jon Sindreu / WSJ Economics
Mortgage holders in the U.K. don't appear to be losing sleep over fear that the Bank of England will increase interest rates soon, according to a survey released Thursday.
 
Ukraine-Russia Gas Deal Still Possible Despite Setback
Nick Cunningham / Oil Price
Negotiations over a natural gas deal between Ukraine and Russia have faltered since the spring, but the standoff has taken on a new urgency as winter the overthrow of Ukrainian President Viktor Yanukovich in February, Russia altered the terms by which it sells natural gas to Ukraine. Along with Yanukovich, ...
 
Why Germany is the Eurozone's biggest free rider
nt2192 / Fortune Finance
The country has long enjoyed the economic zone's policies at the expense of its weaker neighbors, says Palvos Eleftheriadis, associate professor of law and fellow of Mansfield College at Oxford University.
Expand sublinks   Also:  Bill Mitchell | Reuters
 
Narendra Modi government to create 'Make in India' fund for capital goods sector
Financial Express
The Narendra Modi government has decided to create a fund to help Indian industry acquire...
Related: The India Myth
Rajan Menon / National Interest
Rajan Menon Politics, India The ubiquitous reports of India's emergence as a great power are bogus. The road is long, the advance slow and the arrival date uncertain. OVER THE last two decades, numerous books, articles and press commentaries have hailed India as the next global power. This flush of ...
Related: India's love affair with gold set to deepen
BBC
Why India's love affair with gold is deepening
 
Helicopter money
Mainly Macro
Periodically articles appear advocating, or discussing, helicopter money. Here is a simple guide to this strange sounding concept. I go in descending order of importance, covering the essential ground in points 1-7, and dealing with more esoteric matters after that. Helicopter money is a form of fiscal stimulus. The original ...
Expand sublinks   Also:  Barkley Rosser
 
Renzi dismisses talk of EU budget 'threats'
Gazzetta Del Sud
Rome, October 22 - Premier Matteo Renzi on Wednesday downplayed reports that the European Commission will find fault with his 2015 budget. Italy can be confident it has met its fiscal commitments and has made credible efforts towards reform in meetings later this week with other European ...
Expand sublinks   Also:  Gazzetta Del Sud | Reuters
 
France's indecent proposal is an affront to policymaking
Oliver Marc Hartwich / Business Spectator
France's plan to press Germany for more fiscal stimulus isn't just informed by spurious logic -- it's also economic blackmail.
Expand sublinks   Also:  Reuters
 
If Greek Banks Don't Expect Any Stress-Test Problems, Why The Need For More Liquidity?
Sprout Money / Zero Hedge
The European Central Bank is planning to release the results of its stress tests for large banks in the Eurozone next week, and this obviously goes hand in hand with the necessary unrest and nervousness on the financial markets. Approximately 130 banks in the Eurozone will be tested to see ...
 
5 Reasons Why Aecio Neves Should Be Elected The Next President Of Brazil
Anderson Antunes, Contributor / Forbes
In Brazil's presidential election, voters have a better chance with the opposition.
Expand sublinks   Also:  Beyond BRICs
 
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Currency Wars: The Next Generation
Uneasy Money
Despite Riches, Venezuela Starts Food Rationing
WSJ Economy
Foreign direct investment: it's not all good
Beyond BRICs
5 Reasons Why Aecio Neves Should Be Elected The Next President Of Brazil
Forbes
Why Japan's government shakeup might be good for 'womenomics'
Fortune Finance
France's indecent proposal is an affront to policymaking
Business Spectator
Is Laziness the Cause of Economic Inequality?
Foreign Policy
Renzi dismisses talk of EU budget 'threats'
Gazzetta Del Sud
Where the World's Oil Will Come From
Forbes
Hong Kong Is a Modern City Without a Modern Government
Foreign Policy
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Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
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