Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Strict Standards: Declaration of UserSettings::get() should be compatible with AbstractSettings::get($col_key1, $col_key2 = NULL, $col_key3 = NULL) in /home/marketch/public_html/blogs/inc/users/model/_usersettings.class.php on line 0

Strict Standards: Declaration of UserSettings::set() should be compatible with AbstractSettings::set() in /home/marketch/public_html/blogs/inc/users/model/_usersettings.class.php on line 0

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 304

Warning: Cannot modify header information - headers already sent by (output started at /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php:223) in /home/marketch/public_html/blogs/inc/sessions/model/_session.class.php on line 222

Strict Standards: Declaration of BlogCache::get_option_list() should be compatible with DataObjectCache::get_option_list($default = 0, $allow_none = false, $method = 'get_name', $ignore_IDs = Array) in /home/marketch/public_html/blogs/inc/collections/model/_blogcache.class.php on line 0

Strict Standards: Declaration of Blog::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/collections/model/_blog.class.php on line 54

Strict Standards: Declaration of Blog::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/collections/model/_blog.class.php on line 54

Strict Standards: Declaration of Skin::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/skins/model/_skin.class.php on line 0

Strict Standards: Declaration of CollectionSettings::_load() should be compatible with AbstractSettings::_load($arg1 = NULL, $arg2 = NULL, $arg3 = NULL) in /home/marketch/public_html/blogs/inc/collections/model/_collsettings.class.php on line 0

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 236

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Strict Standards: Declaration of ItemListLight::query() should be compatible with Results::query($create_default_cols_if_needed = true, $append_limit = true, $append_order_by = true, $query_title = 'Results::Q...') in /home/marketch/public_html/blogs/inc/items/model/_itemlistlight.class.php on line 48

Notice: Array to string conversion in /home/marketch/public_html/blogs/inc/_core/_param.funcs.php on line 1199

Notice: Array to string conversion in /home/marketch/public_html/blogs/inc/_core/_param.funcs.php on line 1199

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 223

Warning: Cannot modify header information - headers already sent by (output started at /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php:223) in /home/marketch/public_html/blogs/inc/_core/_template.funcs.php on line 59
Economics

Strict Standards: Declaration of ComponentWidget::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/widgets/model/_widget.class.php on line 0
  • Home

  • Strict Standards: Declaration of ItemTypeCache::get_option_array() should be compatible with DataObjectCache::get_option_array($method = 'get_name', $ignore_IDs = Array) in /home/marketch/public_html/blogs/inc/items/model/_itemtypecache.class.php on line 0

    Strict Standards: Declaration of User::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0

    Strict Standards: Declaration of User::dbdelete() should be compatible with DataObject::dbdelete() in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0

    Strict Standards: Declaration of User::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/users/model/_user.class.php on line 0
  • Contact
  • Log in
 

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Pages: << 1 ... 32 33 34 35 36 37 38 39 40 41 42 ... 161 >>

06/30/11


Strict Standards: Declaration of GenericCategoryCache::clear() should be compatible with DataObjectCache::clear($keep_shadow = false) in /home/marketch/public_html/blogs/inc/generic/model/_genericcategorycache.class.php on line 49

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 304

Strict Standards: Declaration of GenericCategory::set() should be compatible with DataObject::set($parname, $parvalue, $make_null = false) in /home/marketch/public_html/blogs/inc/generic/model/_genericcategory.class.php on line 45

Strict Standards: Declaration of Chapter::dbupdate() should be compatible with DataObject::dbupdate($auto_track_modification = true) in /home/marketch/public_html/blogs/inc/chapters/model/_chapter.class.php on line 38

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
Economic freedom and quality of life

Permalink 06:41:12 am, by editor of MarketObservation.com Email , 16 words   English (US)

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334
Categories: Economics Global

Warning: Creating default object from empty value in /home/marketch/public_html/blogs/inc/settings/model/_abstractsettings.class.php on line 334

Keywords: Economic Freedom, Economic Growth, Property Rights, Health, Wealth

Related:

The Economist's most popular charts in 2010

Permalink 06:32:06 am, by editor of MarketObservation.com Email , 104 words   English (US)
Categories: Economics United States

Willem Buiter and a colleague think that talking a strong dollar but walking a weak one is harming US authoritie's reputation:

Vox: The ‘strong dollar’ policy of the US: Alice-in-Wonderland semantics vs. economic reality, by Willem Buiter and Ebrahim Rahbari, June 28, 2011

The strong-dollar rhetoric of the US government contrasts with a weak-dollar reality. This column argues that talking a strong-dollar talk while walking a weak-dollar walk has damaged the reputational capital of the US monetary and fiscal authorities. That has reduced their ability to use statements of intent or announcements of future policy actions to influence markets. read more

Keywords: US Dollar, Dollar Policy

06/29/11

Permalink 04:06:22 pm, by editor of MarketObservation.com Email , 18 words   English (US)
Categories: Economics United States, Economics Asia

Related:

Time: The Curious Capitalist: Will Germany-China Ties Hurt the U.S.? June 29, 2011

Keywords: China, Chinese Economy, America, US

Permalink 06:09:08 am, by editor of MarketObservation.com Email , 12 words   English (US)
Categories: Economics Europe

Airtime: Tue 28 Jun 11 | 07:30 AM ET

Keywords: Martin Feldstein, Greek Crisis, US Economy

06/28/11

Permalink 07:32:50 am, by editor of MarketObservation.com Email , 47 words   English (US)
Categories: Economics Global

Bhagwati is a strong advocate of free trade. He explains that an open economy can have very positive impacts on people's wealth development:

The National: A convincing case for free trade found in the history books, by Jagdish Bhagwati (Columbia University), June 27, 2011

Keywords: Free Trade, Poverty Reduction

06/27/11

Permalink 09:03:00 pm, by editor of MarketObservation.com Email , 34 words   English (US)
Categories: Economics Global

Americans are best known for their statistics in baseball, football, basket ball. Following international population statistics, published by the US Census Bureau is also great:

US Census Bureau: International Data Base

Keywords: Statistics, Population

Permalink 04:41:09 pm, by editor of MarketObservation.com, 75 words   English (US)
Categories: Economics Europe

Spiegel Online International: Top Economist on the Euro Crisis; 'The German Government Will Pay Up', June 27, 2011

In a SPIEGEL interview, leading German economist Stefan Homburg argues that euro-zone members should not bail out Greece, discusses who is making a profit from the crisis and explains why he himself is buying Greek bonds. "I believe in the boundless stupidity of the German government," he says. read more in Spiegel Online International

Keywords: European Crisis, Greek Crisis

Permalink 01:44:58 pm, by editor of MarketObservation.com, 9 words   English (US)
Categories: Economics United States

June 24, 2011

Keywords: John Taylor, US Economy, Balance Sheet Recession

Permalink 09:52:49 am, by editor of MarketObservation.com Email , 409 words   English (US)
Categories: Economics Global

The increase in upside risks to inflation calls for higher policy rates globally, the Bank for International Settlements, or BIS, said on Sunday.

Releasing its latest annual report, the bank said that inflation risks have been driven up by dwindling economic slack and increases in the prices of food, energy and other commodities.

'The spread of inflation dangers from major emerging market economies to the advanced economies bolsters the conclusion that policy rates should rise globally,' the report said.

The bank noted that a protracted period of low interest rates in major advanced economies are delaying the necessary balance sheet adjustments of households and financial institutions.

At the same time, the report recommended some countries to weigh the need to tighten with vulnerabilities linked to still-distorted balance sheets and lingering financial sector fragility. But once central banks start lifting rates, they may need to do so more quickly than in past tightening episodes, the report added.

According to BIS, persisting low interest rates are magnifying the risk that the distortions that arose ahead of the crisis will return. 'If we are to build a stable future, our attempts to cushion the blow from the last crisis must not sow the seeds of the next one,' the bank warned.

The report said that it would be a mistake for policymakers to relax now as international financial imbalances are re-emerging while highly accommodative monetary policies are fast becoming a threat to price stability.

It also found that the data frameworks that should serve as an early warning system for financial stress remained underdeveloped.

Regarding the rising indebtedness of economies, the report said that addressing over-indebtedness is the key to building a solid foundation for high, balanced real growth and a stable financial system. That means driving up private saving and taking substantial action now to reduce deficits in the countries that were at the core of the crisis.

On emerging markets, the bank said that those where debt is fueling huge gains in property prices and consumption are running the risk of building up the imbalances that now plague the advanced economies.

Among the central banks of the major economies, the European Central Bank is the only bank that has responded to inflation threats after the financial crisis. The ECB raised the key policy rate by 25 basis points in April.
Copyright RTT News/dpa-AFX

© 2011 AFX News

BIS: 81st Annual Report 1 april 2010–31 march 2011

Keywords: BIS, Bank for International Settlements, BIS Annual Report

06/26/11

Permalink 10:07:45 am, by editor of MarketObservation.com Email , 28 words   English (US)
Categories: Economics United States

Stimulating article of Harvard's Mark Roe who asks how capitalistic the US really is:

Project Syndicate: How Capitalist is America?, by Mark Roe, June 20, 2011

Keywords: Capitalism, Government Interventions

Permalink 09:58:53 am, by editor of MarketObservation.com Email , 214 words   English (US)
Categories: Economics Europe

Interesting study about expectations about the retirement system in the Netherlands across various social groups. Individual responsibility to design a realistic pension scheme seems to be crucial - at least for those who have the means to take action. Others will hope that re-distribution will work once they retire.

Bissonnette, Luc and Van Soest, Arthur H. O., The Future of Retirement and the Pension System: How the Public's Expectations Vary Over Time and Across Socio-Economic Groups. IZA Discussion Paper No. 5759

Abstract:

"We analyze expectations of the Dutch population of ages 25 and older concerning the future generosity state and occupational pensions, the two main pillars of the Dutch pension system. Since the summer of 2006, monthly survey data were collected on the expectations of Dutch households concerning purchasing power of occupational pensions, eligibility and purchasing power of old age social security benefits, and the average retirement age ten or twenty years from now. We investigate how these expectations have changed over time and how they vary with socio-economic characteristics. Exploiting the fact that we have data until September 2010, we also analyze the effect of the recent financial and economic crisis. We find significant differences in expectations of different socio-economic groups, mainly suggesting that groups who are probably better informed were also more pessimistic."

Keywords: Pension Systmes, Retirement

Permalink 09:31:22 am, by editor of MarketObservation.com Email , 10 words   English (US)
Categories: Economics United States

Jan. 22, 2011

Keywords: Federal Reserve, Fed, Monetary Policy, Quantitative Easing, QE2

06/25/11

Permalink 12:39:30 pm, by editor of MarketObservation.com Email , 101 words   English (US)
Categories: Economics Global

ZeroHedge.com: Guest Post: Inevitable Catastrophe - The Fruits Of Moral Hazard On A Global Scale, June 24, 2011

Inevitable Catastrophe: The Fruits Of Moral Hazard On A Global Scale

Insulate participants from risk with policies like the Bernanke Put and you guarantee destruction of both the market and institutional legitimacy.

Identify the common characteristic of these three statements:

1. The Federal Reserve will never let the stock market decline, i.e. the "Bernanke put"

2. The Chinese government will never let property prices decline

3. The European Central Bank will never let Greece default

read the whole post on ZeroHedge

Keywords: Moral Hazard, Global Political Interventions, Market Distortions

Permalink 11:08:05 am, by editor of MarketObservation.com Email , 12 words   English (US)
Categories: Economics United States

Fri 24 Jun 11 | 07:55 PM ET

Keywords: US Economy, US Growth, US Growth Crisis

Permalink 10:50:31 am, by editor of MarketObservation.com Email , 129 words   English (US)
Categories: Economics Europe

There has been a heavy debate about Cesifo's Hans-Werner Sinn's argument that there were "hidden bail outs" in the Eurozone whereby the Bundesbank has been lending money to the crisis-stricken Eurozone members via the Target system on the order of €300 billion.

MarketObservation: Hans-Werner Sinn: Eurozone payments system has been operating as a hidden bailout, June 1, 2011

In a new paper, Hans-Werner Sinn and colleague Timo Wollmershäuser provide more detailled data on the capital flows within the Euro System:

Hans-Werner Sinn, Timo Wollmershäuser, Target Loans, Current Account Balances and Capital Flows: The ECB’s Rescue Facility, Cesifo Working Paper No. 3500, June 24, 2011

Heavy opposition to Sinn's argument came from Citi's Willem Buiter and Karl Whelan:

MarketObservation: TARGETing the wrong villain: Target2 and intra-Eurosystem, June 11, 2011

MarketObservation: Sinn Blames Those Overly Active Bloggers, June 24, 2011

06/24/11

June 21, 2011

Keywords: US Economy, Unemployment, Investments, CAPEX

Permalink 08:42:12 am, by editor of MarketObservation.com Email , 141 words   English (US)
Categories: Economics Europe, Economics Global

Harmsen, Richard T., Turunen, Jarkko and Bayoumi, Tamim, Euro Area Export Performance and Competitiveness (June 2011). IMF Working Papers, Vol. , pp. 1-16, 2011

Abstract:

"Concerns about export growth within the euro area peripheral countries due to a lack of competitiveness within the euro area are a key policy issue. Our analysis suggests that: (i) Long-term price elasticities for intra-euro area exports are at least double those for extra-euro area exports, so traditional real effective exchange rate indexes may overstate the effectiveness of euro depreciation in restoring exports growth in the euro area periphery and; (ii) There are surprisingly wide divergences across alternative relative price measures and even when relative price data suggest a steady loss in intra- (and extra-) euro area competitiveness, the pace of deterioration depends on the measure of relative prices used."

Keywords: Euro Area, Euro Area Growth, Euro Area Export Growth

Permalink 06:54:31 am, by editor of MarketObservation.com Email , 182 words   English (US)
Categories: Economics United States, Economics Europe

The New York Times puts the planned Greek austerity program into perspective and virtually applies the relations to a similar program in the US:

NYT: Some Greeks Fear Government Is Selling Nation, June 22, 2011

Here is an excerpt from the article:

"To put that in perspective, spending cuts and tax increases of a similar scale in the United States would amount to $1.75 trillion, considerably more sweeping than even the most far-reaching proposals for reducing the American federal budget deficit. And Greece has promised to generate another $72 billion by selling off prime state assets, which many Greeks consider a fire sale of national patrimony.

While the commitment to austerity will allow Greece access to a fresh infusion of international aid, a growing chorus of economists say that the government’s new program will at best delay default and a restructuring of its debt, which is already more than 150 percent of the country’s gross domestic product. Steeper budget cuts and tax increases, they say, are the enemy of economic growth, which Greece desperately needs to make its debt burden lighter."

Keywords: European Crisis, Greek Crisis, Austerity

Permalink 06:45:43 am, by editor of MarketObservation.com Email , 146 words   English (US)
Categories: Economics Europe

Following article in The Economist lays out the options for European decision makers regarding Greece well:

The Economist: The euro crisis; If Greece goes…; The opportunity for Europe’s leaders to avoid disaster is shrinking fast, June 23, 2011

The author concludes:

"No matter what fictions they concoct this week, the euro zone’s leaders will sooner or later face a choice between three options: massive transfers to Greece that would infuriate other Europeans; a disorderly default that destabilises markets and threatens the European project; or an orderly debt restructuring. This last option would entail a long period of external support for Greece, greater political union and a debate about the institutions Europe would then need. But it is the best way out for Greece and the euro. That option will not be available for much longer. Europe’s leaders must grab it while they can."

Keywords: European Crisis, Greek Crisis

06/23/11

Permalink 09:49:03 pm, by editor of MarketObservation.com Email , 236 words   English (US)
Categories: Economics Europe, Economics Global

It seems that Harvard's Jeffrey Frankel and colleagues bringt it to the point: They mention that the cyclicality of a country’s fiscal policy is inversely correlated with the country’s institutional quality which includes measures of law and order, bureaucracy quality, corruption, and other risks to investment."

It might be astonishing for many people that they point out that institutional quality of various emerging markets has improved tremendously during the past years and in some cases has surpassed that of highly developed nations. They mention Chile as an example:

"Chile’s institutional quality has risen strongly since the early 1980s, during which time its fiscal policy has turned from procyclical to countercyclical. A country with good institutional quality in the general sense of rule of law can help lock in countercyclical fiscal policy through specific budget institutions. Frankel (2011a) explains how Chile did it, with the structural budget reforms of 2000 and 2006. Chile’s approach could be emulated by others.

Fiscal rules, such as the Eurozone’s Stability and Growth Pact, may accomplish little in themselves. Rules can actually worsen the tendency of governments to make overly optimistic forecasts for economic growth and budget balance (Frankel 2011b). Chile’s key innovation was to give responsibility for forecasting to independent expert commissions, insulated from politicians’ wishful thinking.

Vox: Fiscal policy in developing countries: Escape from procyclicality, Jeffrey Frankel, Carlos A. Vegh, Guillermo Vuletin, June 23, 2011."

Keywords: Cyclicality of Fiscal Policy, Wishful Thinking of Politicians

<< 1 ... 32 33 34 35 36 37 38 39 40 41 42 ... 161 >>

Search

XML Feeds

http://feed.mikle.com/

________________________________________________________________________________________________________ ________________________________________________________________________________________________________

Recommended search items and names(click on terms):

ECONOMIC INDICATORS AND OUTLOOKS (click on names):

BIS Quarterly Review, Case Shiller Index, IFO Outlook, Institute for Supply Management, Michigan Consumer Sentiment Index, Philadelphia Fed Regional Index,

RECOMMENDED SEARCH NAMES(click on names):

George A. Akerlof, Bernanke, Olivier Blanchard, Alan S. Blinder, Buffett, Tyler Cowen, Niall Ferguson, Bruno S. Frey, Milton Friedman, Herb Greenberg, Greenspan, Michael Jensen, L.S. Karp, Charles Kindleberger, Krugman, Gregory Mankiw, Robert C. Merton, Nouriel Roubini, Kenneth Rogoff, Carmen Reinhart, David Rubenstein, Schumpeter, Anna Schwartz, Amartya Sen, Robert J. Shiller, Jeremy Siegel, Hans-Werner Sinn, George Soros, Joseph Stiglitz, Paul Volcker, Martin Wolf, Janet Yellen, Luigi Zingales, _________________________________________________________________________________

(Free comprehensive country statistics and rankings)

________________________________________________________________________________________________________ _________________________________________________________________________________

LEADING ECONOMISTS DEBATE THE CRISIS:

________________________________________________________________________________________________________

BLOGROLL

ECONOMICS, LAW AND POLITICS:

ECONOMICS AND BUSINESS: LAW: ETHICS: POLITICS: _________________________________________________________________________________

ECONOMIES:

_________________________________________________________________________________

STATISTICS SOURCES:

_________________________________________________________________________________

ECONOMIC OUTLOOK:

________________________________________________________________________________________________________

THINK TANKS:

________________________________________________________________________________

GLOBALIZATION:

_________________________________________________________________________________

LINKS TO SELECTED WORKING PAPER SITES:

_________________________________________________________________________________ _________________________________________________________________________________

TAXES:

_________________________________________________________________________________
April 2014
Sun Mon Tue Wed Thu Fri Sat
 << <   > >>
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      
powered by b2evolution free blog software