| EMU Economic Indicators Preview September 26, 2009 at 8:32 am |
| The harmonized EMU unemployment rate has been rising since April 2008, by a total of 2.3 percentage points to 9.5% so far. The regional differences are striking: while the German rate is only 0.2 points higher than in March 2008, the Spanish rate jumped by more than 9 points in... |
| Weekly Economic and Financial Commentary September 26, 2009 at 8:24 am |
| The Leading Economic Index may be giving us some key clues on the answer to the often asked question about what the letter shape of the economic recovery will most closely resemble (V, W, U or L). The LEI fell for 20 consecutive months following its peak in July 2007,... |
| The Weekly Bottom Line September 26, 2009 at 8:13 am |
| The U.S. leading indicators were up 0.6% in August, the fifth consecutive monthly gain, serving as a good indication that economic activity continued to over the third quarter. While we expect real GDP growth to jump 4.0% annualized in that quarter, the vast amount of fiscal stimulus pumped into the... |
| Weekly Focus: A Global Policy Bonanza September 26, 2009 at 8:01 am |
| This week brought a bonanza of news on global economic policy issues. First, the discussion among monetary institutions about how and when to exit from the extraordinary monetary policy measures taken during the crisis goes on. While most of the major central banks remain quite dovish, this does not hold... |
| Pound Falls Sharply on BoE Governor King's Comments September 26, 2009 at 7:53 am |
| Sterling has been one of the weakest currencies this week, with only the Canadian dollar underperforming in the G-10 currency space. GBP/USD has closed the week at 1.5992, recording a fall of 1.7%. The depreciation in the pound has been broad based with GBP/ EUR also falling 1.7%, to close... |
| Global Financial System Facing Challenges September 26, 2009 at 7:48 am |
| In a very quiet week the most important development was the release of the Reserve Bank of Australia's Financial Stability Review. Not surprisingly the assessment of the health of the Australian banking system was glowing. The banks' growth since the last recession has concentrated on mortgages. Whereas in the last... | |
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