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Macro Observations
Analysis, Ideas and Reflections on Macroeconomic Topics
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articles 11-20 / 190 |
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page 2 of 19
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The eurozone’s Japanification - more to come
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With the eurozone economy stuck in a low growth, low inflation and low rates environment, it's really hard not to make 'Japanification' comparisons. If we're honest, the eurozone is probably already in the thick of it, which means rates are likely to remain lower for longer and every new crisis or recession will bring the bloc closer to more Japanification.
ING, 24th June 2019 , Carsten Brzeski, Chief Economist ING Germany; Inga Fechner, Economist, Germany, Austria
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The Federal Reserve Has an Inflation Problem
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The Federal Reserve (Fed) has an inflation problem. The central bank is not generating enough of it. As a result, market and consumer inflation expectations are plumbing new lows.
Brandywine Global, Around the Curve, May 6 2019 , Alberto J. Boquin, CFA
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Payrolls Like GDP: Headlines Good, Underneath Really, Really Not
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If the unemployment rate reaches zero and wages still don’t explode higher, the economy falls off, will Economists, central bankers, and the media stop relying on this one statistic for overall economic interpretation?
Alhambra Investment Partners, May 3rd, 2019 , Jeffrey P. Snider
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Central Banks Are Messing with Your Head
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By directly influencing peoples' valuation scales through the manipulation of market interest rates, central banks affect every aspect of peoples' lives. It amounts to a "Revaluation of all Values", to use a term coined by the German philosopher Frederick Nietzsche.
Mises Institute, 03/21/2019 , Thorsten Polleit
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Of wine, wine gums and debt
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Fathom Consulting, Thank Fathom it's Friday, 18 April 2019 , Brian Davidson
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Part 2: Our Evaluation of the Global Economic Cycle
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The Bearish View of the Global Economic Cycle
Brandywine Global, Around the Curve, April 10 2019 , Anujeet Sareen, CFA, Portfolio Manager
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Part 1: Our Evaluation of the Global Economic Cycle
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The Bullish View of the Global Economic Cycle
Brandywine Global, Around the Curve, April 3 2019 , Anujeet Sareen, CFA, Portfolio Manager
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Clash of Empires: Currencies and Power in a Multipolar World
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Empires usually start off as road-building exercises. Which explains why, in Europe, everyone says that “all roads lead to Rome”. And when they don’t build roads, empires build canals: the French built the Suez Canal (only to see the British buy Egypt’s stake once the hard work had been done), the Americans built the Panama Canal and, less happily, the Soviets built the Aral Sea Canals (which ended up triggering one of the greatest ecological disasters of all time).
Gavekal, March 2019 , by Charles Gave & Louis-Vincent Gave
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China’s Gangbusters Loan Growth
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China likes doing things on a grand scale; its recent stimulus is no exception.
Fisher Investments MarketMinder, 03/04/2019 , Editorial Staff
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The Broken Window Fallacy
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"In 1850, the French economist Frederic Bastiat introduces the concept of opportunity cost with a fallacy in Chapter I of his book “Ce qu’on voit et ce qu’on ne voit pas” (What we see and what we don’t see). In Bastiat’s tale, a man’s son breaks a pane of glass, which ultimately stimulates the economy."
Gavekal Intelligence Software, The Quant Corner, February 2019 , Didier Darcet
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