IMF’s reduction of estimates for US growth dropped US 2012 estimates as well as those for 2013 to 2% and 2.25% as did all the nine regional Feds when they met in June at the FOMC. The Monthly Redbook report…
IMF’s reduction of estimates for US growth dropped US 2012 estimates as well as those for 2013 to 2% and 2.25% as did all the nine regional Feds when they met in June at the FOMC. The Monthly Redbook report…
Germany’s protestations have shifted to the threat of a “fiscal union” with as many terms and conditions as possible on the budgets of member countries and frequent inspections and veto powers to European (German?) administrators, points to the simple facts…
The issue at hand is how 800 banks were able to participate because of weaker collateral rules done on the sly by Mario Draghi’s ECB , first for collateral specific to smaller French banks and it seems another round of…
The Euro is perched at an uncomfortably high 1.34 from here but is unlikely to come down in a hirry even as Santa takes out the reindeer for a December Rush job. Mario Monti’s diktat is worth EUR30 bln ($41…
As mentioned in our previous Rinse and Repeat analysis, the situation in Europe is more interesting because of the multiple political power centers and the hegemony between the banks and the sovereigns in the political chicanery game. Rather than the…
As expected Mario Draghi will carry on at ECB much in the vein of the Fed in the USA with Trichet’s last policy meeting before he leaves at the end of the month, delivering Liquidity support for the embattled European…
How can the Economy grow at even 3.5% when Asia itself is just 4% Goldman Sachs predicted a much slower growth in UK and a recession a least till Q1 2012 for Europe taking its downward revision for Global Growhth…
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