
Remember, Germany is more indebted than Spain and has also long been in violation the Maastricht Treaty’s stability and 3 credit report free Chicago growth pact provision on government debt to GDP. Germany is not a ‘paragon of fiscal probity’ nor is it a “3 credit report free Chicago rock to which all 3 credit report free Chicago other shipwrecked European economies 3 credit report free Chicago must turn in their hour of need”.
But Germany is also a country that is aging and, hence, dependent on exports for economic growth.
And this is important to note since Germany as a currency user can also be pulled into the sovereign debt crisis 3 credit report free Chicago Now the market must contend with three macro bears: 1) how much and how Asia slows; 2) the Eurozone debt crisis; and 3) the slowing U.S. Continued volatility and 1101, 1101, 1101 on the SP500! free check credit Finally, we warned last week gold could take a big swan dive 3 credit report free Chicago and $1,700 was 3 credit report free Chicago where the “river meets the waterfall.” The chart below shows the yellow metal hasn’t been below its 3 credit report free Chicago 200-day moving average in more than 2 1/2 years. We now think gold is set to 3 credit report free Chicago test its 200-day moving average at $1,527, which is the level we will take a shot at getting long again ECB member Mersh 3 credit report free Chicago called the speculation over a 50 bp cut "wild", according to news accounts. all 3 credit reports free However, given the dismal flash PMI readings and its correlation with GDP, the market is aware that the ECB can indeed cut rates next week, even though Trichet did not use the "normal" word cues to suggest it. However, at 3 credit report free Chicago the Sept ECB meeting Trichet said monetary policy was still accommodative Just following up on my last post about the expectations theory of interest rates, I wanted to 3 credit report free Chicago explain why yield curve inversion signals recession – and why it hasn't this go round in the Its time to put money into 3 credit report free Chicago the equation, says professor 3 credit report free Chicago Steve Keen, Associate Professor 3 credit report free Chicago of Economics and Finance at the University of Western Sydney, has won a grant to turn his money-based model of the macro-economy - which draws on the theories of 3 credit report free Chicago economists such as Hyman Minsky and John Maynard Keynes - into a On how the expectations theory of interest rates explains why debt-induced depressions are fundamentally deflationary in nature European stocks higher in part from ECB and potential policy action; 3 credit report free Chicago dollar softer against majors. free annual credit report from government G10 market focus this week again EZ with EFSF votes, bonds auctions, Greece aid; US macro data.
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