A question of liquidity

By Mike Peacock
October 31, 2013

The Federal Reserve’s decision to keep printing dollars at an unchanged rate, mirrored by the Bank of Japan sticking with its massive stimulus programme, should have surprised nobody.

Italy versus Spain

By Mike Peacock
October 30, 2013

Italy will auction up to 6 billion euros of five- and 10-year bonds after two earlier sales this week saw two-year and six-month yields drop to the lowest level in six months. Don’t be lulled into thinking all is well.

Beware the bias in euro zone forecasts (again)

October 29, 2013

Next time you ask an economist a question about the euro zone, be sure to enquire where their head office is based.

Forward guidance not banking on Scottish independence

October 29, 2013

There are many unknowns surrounding a Scottish vote in favour of independence at next year’s referendum, a potentially huge event for the British economy. But one that has attracted little attention is what it would mean for UK interest rates.

Spanish sums

By Mike Peacock
October 29, 2013

Spanish third quarter GDP figures tomorrow are likely to confirm the Bank of Spain’s prediction that the euro zone’s fourth largest economy has finally put nine quarters of contraction behind it, albeit with growth of just 0.1 percent.

Romer, taking aim at Fed, advocates ‘regime change’ and a shift to nominal GDP

October 28, 2013

By Alister Bull

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Christina Romer, former chair of the White House Council of Economic Advisers and a strong advocate for Janet Yellen to take over from Ben Bernanke as the next chair of the Federal Reserve, slammed the Fed in a lecture last week that accused the U.S. central bank of being too meek and of fighting the wrong battle by being fixated on asset bubbles.

As Brazil reopens gates to capital inflows, foreign bond purchases jump

October 28, 2013

Despite all the market talk about Brazil’s frustrating performance over the past few years, Latin America’s largest economy remains a top destination for global funds in at least one area: fixed income markets.

The Italian Job

By Mike Peacock
October 28, 2013

Italy has dropped out of the spotlight a little following the protracted political soap opera surrounding Silvio Berlusconi. But it remains perhaps the euro zone’s most dangerous flashpoint.

UK recovery, can you feel it?

By Mike Peacock
October 25, 2013

Third quarter UK GDP data are likely to show robust growth – 0.8 percent or more, following 0.7 percent in Q2 – more kudos to a resurgent finance minister George Osborne who only a year ago was buried in brickbats.

Humdrum summit

By Mike Peacock
October 24, 2013

A two-day EU summit kicks off in Brussels hamstrung by the lack of a German government.