from MacroScope:

Political uncertainty threatens to tap the brakes on Spain’s fledgling recovery

September 28, 2015

Once one of the hardest-hit economies in Europe from the global financial crisis, Spain's recent economic success sets a good precedent for the euro zone's potential for recovery. But political machinations on the horizon could put the progress it has made at risk.

from MacroScope:

Fed: behind the curve, or too trigger happy? Neither

July 15, 2015

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????As the U.S. Federal Reserve edges closer to its first interest hike in nearly a decade, its critics are lining up into one of two camps: either the Fed is hopelessly behind the curve, and will have to grapple with runaway inflation very soon; or the Fed seems overzealous in wanting to get interest rates back to what it would call a normal level and instead should wait until late this year or next before hiking.

from MacroScope:

Brazil’s relentless rate hikes shielding economy from inflation bout

June 16, 2015

Employee arranges pricetags at vegetables work bench during the opening day of upmarket Italian food hall chain Eataly's flagship store in downtown Milan

Brazil's relentless series of interest rates hikes is successfully lowering inflation expectations - despite recent signs to the contrary, from lottery to tomato prices.

from MacroScope:

Watching Draghi at the IMF

By Mike Peacock
May 14, 2015

European Central Bank President Draghi and Vice President Constancio leave after addressing an ECB news conferenc in Frankfurt

European Central Bank President Mario Draghi is in Washington for talks at the International Monetary Fund and will deliver a speech there. Presumably Greece will be item 1, 2, 3 and 4 on the agenda.

from MacroScope:

High Brazil services inflation is hinting at even higher interest rates

May 11, 2015

Brazil's Finance Minister Joaquim Levy delivers a speech during a meeting with businessmen of the France-Brazil Chamber of Commerce in Sao Paulo

Brazil's monthly inflation rate eased below 1 percent for the first time this year in April and inflation expectations for 2016 have dropped for the first time in two and a half months.

from MacroScope:

Brazil’s central bank showing no mercy on rates

April 30, 2015

Man tries walks between two trunks towards the cracked ground of the Atibainha dam as it dries up due to a prolonged drought in Nazare Paulista

At 13.25 percent, Brazil's towering interest rate looks totally out of line at first glance.

from MacroScope:

Brazil gets a vote of confidence

April 7, 2015

Boys play soccer on a driftwood soccer court, on the banks of the Rio Negro or Black River in Catalao community near Manaus

Shorting Brazil is no longer the favorite sport of analysts and traders, judging by recent market trends and comments.

from MacroScope:

Transcripts show just how scary things were getting for Yellen and the Fed in 2009

March 4, 2015

yellen2009.jpg The U.S. Federal Reserve just released full transcripts of its crisis-fighting meetings of 2009, when the U.S. economy was in the depths of recession and unemployment was soaring to 10 percent. Janet Yellen, who at the time was head of the San Francisco Fed, gave a sense of just how scary things were getting:

from MacroScope:

Putin faces the music

By Mike Peacock
December 18, 2014

Russian President Vladimir Putin attends a meeting at the Kremlin in Moscow

With a deep recession looming and the nose-diving rouble poised to push inflation through the roof, Russia’s Vladimir Putin faces the music at his end-of-year news conference when he will field questions from a studio audience as well as television viewers.

from MacroScope:

Governments teetering

By Mike Peacock
December 3, 2014

Sweden's PM Lofven speaks at a news conference in Stockholm

Sweden's centre-left administration is on the brink just two months into office after a far-right party announced it would side with the centre-right opposition to vote against the 2015 budget. The anti-immigration Sweden Democrats, who are shunned by all other parties in the Riksdag, holds the balance of power.