Euro zone perspective – nowhere near out of the woods

By Mike Peacock
April 10, 2012

After the Easter break, a bit of perspective — to paraphrase the immortal Spinal Tap, maybe too much perspective.

from Breakingviews:

China’s trade deficit is sign of things to come

March 12, 2012

By Wei Gu and Edward Hadas
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

China renminbi as reserve currency: yuan a bet?

February 8, 2012

China’s importance to the global economy makes it difficult to believe the role of the yuan in foreign exchange will not continue to expand. Will that dominance advance sufficiently to make the Chinese renminbi one of the world’s reserve currencies? A new study from the Brookings Institution suggests that in the long run, the ascendance of the yuan to reserve-currency standing is likely. It notes that of the six largest economies in the world, China is the only one whose currency does not have reserve status. But the road to getting there will be long and tortuous, the study warns, and there will be plenty of potholes.

from Global Investing:

January in the rearview mirror

February 2, 2012

As January 2012 drifts into the rearview mirror as a bumper month for world markets, one way to capture the year so far is in pictures - thanks to Scott Barber and our graphics team.

from Global Investing:

EM growth is passport out of West’s mess but has a price, says “Mr BRIC”

January 23, 2012

Anyone worried about Greece and the potential impact of the euro debt crisis on the world economy should have a chat with Jim O'Neill. O'Neill, the head of Goldman Sachs Asset Management ten years ago coined the BRIC acronym to describe the four biggest emerging economies and perhaps understandably, he is not too perturbed by the outcome of the Greek crisis. Speaking at a recent conference, the man who is often called Mr BRIC, pointed out that China's economy is growing by $1 trillion a year  and that means it is adding the equivalent of a Greece every 4 months. And what if the market turns its guns on Italy, a far larger economy than Greece?  Italy's economy was surpassed in size last year by Brazil, another of the BRICs, O'Neill counters, adding:

from Global Investing:

Home is where the heartache is…

January 17, 2012

On a recent trip home to Singapore, I was startled to learn just how much housing prices in the city-state have risen in my absence.

from Amplifications:

A centralized Europe is a globalized Europe

By Jean-Claude Trichet
December 27, 2011

By Jean-Claude Trichet

The views expressed are his own.

PARIS – Whenever people seek a justification for European integration, they are always tempted to look backwards. They stress that European integration banished the specter of war from the old continent. And European integration has, indeed, delivered the longest period of peace and prosperity that Europe has known for many centuries.

from Global Investing:

A shoe, a song and the promise of the West

December 16, 2011

I found myself at Selfridges this week, specifically in what the London retailer says is the world's largest shoe department.

from Global Investing:

Retail volte face confirms India as BRIC that disappoints

December 6, 2011

Jim O'Neill, the Goldman Sachs banker who coined the term BRICs to capture the fast-growing emerging-markets quartet of Brazil, Russia, India and China,  has fingered India as the BRIC that has disappointed the most over the past decade in terms of reforms, FDI and productivity. New Delhi's latest decision to put on hold a landmark reform of its retail sector will only confirm this view.

America’s jobs jam

November 23, 2011

Graph of Civilian Unemployment Rate

The St. Louis Fed had a public forum this week to talk about their research into the ailing U.S. jobs market. Not a feel-good scenario.