Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
The macro backdrop for the rest of the year is the following: (1) lower global growth (around 3%) than expected; (2) higher headline inflation prompted by oil base effects, but subdued core inflation; (3) sharp deceleration of growth across emerging markets (EMs); (4)...Financial Steroids: Greece, China and the Lopsided Approach to Unnatural Policies
Theories are not extracted from history. On the contrary, theories are needed in order to interpret history. Economic phenomena are ordered in accordance to definite laws. Understanding the relationships among economic variables is pivotal in assessing forthcoming...Weekly Market Update
Market Action The major U.S. equity indices posted small losses on the week despite some pockets of strength within the market. The managed care and athletic apparel industries provided strong results this week thanks to a coming consolidation in the former and...Weekly Market Update
Market Action After a few weeks of disappointing returns the major averages in the U.S. posted solid gains led by the Healthcare and Consumer sectors. European markets continue to be plagued by the lack of progress between Greece and the troika. Janet Yellen offered...Separating Sense from Nonsense in the Liquidity Debate
The choir of voices sounding the alarm on market liquidity got a new member last week in the Wall Street Journal’s Op-Ed pages: Stephen Schwarzman of Blackstone, one of the largest financial services firms in the world and known for its leading role in private equity....Sign Up for Our Publications
