Weekly Selections from Monthly Barometer
5 insightful op-eds or articles to help make sense of today’s world Michael Spence, “Labor’s Digital Displacement” (Project Syndicate, May 22, 2014) The Nobel laureate in economics explains why digital technologies are transforming global value chains and, with them,...
Weekly Market Update
Market Action Stock markets in the US posted their first gains in three weeks. The S&P 500 closed at a record high on Friday despite little in the way of earnings or economic news this past week. US Treasury Bonds dominated market commentary early in the week as...
Anything Goes: Lessons Learned from Market Sages
One of the greatest privileges in my life is to sit down with people I admire and be taught important lessons. I had that honor again last Thursday in London, UK. I had luncheon with A.M. and D.M., and in the course of the conversation I was reminded that in the shaky...
Weekly Selections from Monthly Barometer
5 insightful op-eds or articles to help make sense of today’s world Martin Wolf, “Time for Draghi to Open the Sluice” (Financial Times, May 13, 2014 – metered paywall) The FT’s columnist observes that the Eurozone’s recovery in confidence is encouraging, but too...
Weekly Market Update
Market Action A positive start to equities this week quickly reversed course by the time markets opened on Wednesday. Low US Retail Sales prefaced poor data from China and Australia and contraction in Europe. In addition private forecasters expect US Q1 GDP growth to...
Weekly Selections from Monthly Barometer
5 insightful op-eds or articles to help make sense of today’s world Room for Debate: “How to Regulate Disruption” (The New York Times, May 6, 2014 – metered paywall) As a growing number of apps and online services give consumers more direct control over their choices,...
Weekly Market Update
Market Action Poor international data inspired a downward start this past week. PMI data from China indicated contraction while escalating Ukrainian instability and more punitive sanctions coming from Europe against Russia spooked equities A number of high profile...
Weekly Selections from Monthly Barometer
5 insightful op-eds or articles to help make sense of today’s world Raghuram Rajan, “Containing Competitive Monetary Easing” (Project Syndicate, April 28, 2014) This is an article based on a speech that the governor of the Reserve Bank of India gave on the fringe of...
Weekly Market Update
Market Action Talk of M&A activity early in the week elevated markets as GE’s attempt to acquire Alstom and Pfizer’s bid for AstraZeneca dominated headlines. Stronger than expected data on Pending Home Sales also worked to move markets up Major economic data...
A Review of the Most Important Global Events in April by Monthly Barometer
Despite inflation surging in countries like Brazil and Russia, the global economic environment remains deflationary. Leaving aside the big deflationary trends such as aging, weak aggregate demand, stagnating real wages, etc., China is a big concern as its growth...
