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.

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.

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.

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:

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.

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.

Brazil may have escaped recession, but not the minefield

November 26, 2014

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Brazil’s newly-re-elected government is set to announce on Friday that the recession that began at the start of 2014 is now over. But a minefield of risks surrounding Latin America’s largest economy recommends caution before celebration.

Brazil set to release long-overdue jobless rate just as election race heats up

September 25, 2014

Workers at a General Motors vehicle factory listen during a meeting to discuss their reactions to an announcement of plans to put some 1,000 workers on paid leave, in Sao Jose dos CamposBrazil’s unemployment rate has been a mystery for months: a strike in the country’s statistics agency, ironically enough, disrupted its main job market survey. The numbers will finally come out in a few hours, less than two weeks before a tight presidential election, and will help voters understand just how bad the recently-confirmed recession has been.

Euro zone recovery snuffed out

By Mike Peacock
August 14, 2014

A BMW logo is seen the wheel of a car in Mexico City

A glut of euro zone GDP data is landing confirming a markedly poor second quarter for the currency area.