Economics

German Gfk consumer climate 9.8 vs. 10.0 forecast

SCOTTRADE ACCOUNT IT'S TIME. It's time for an easier way to invest. Open a Scottrade Account<p>Economic Indicators6 minutes ago (Mar 23, 2017 03:00AM ET)<p>…

Economic Data

Why Nobody Trusts the World's Best Currency - Bloomberg

It took a decade of gains for the Azeri currency to build up trust, and two devaluations to ruin it.<p>Even after a rally that’s made the manat the …

Bloomberg

How the collapse in full-time work for men is fuelling record underemployment

With weak full-time employment growth, underemployment is now a better indicator of economic health than the unemployment rate<p>The latest unemployment rate figures brought the bad news that the unemployment rate is again rising, but perhaps more concerning is that February saw a record level of …

The Guardian

India's Narendra Modi Wins Big: Time To Finish Economic Reforms

Despite imposing a disastrous “currency reform” that impoverished poorer people and small businesses across his nation, Indian Prime Minister Narendra Modi won big in five state elections a week ago. His Bharatiya Janata Party’s sweep was incomplete—the BJP lost one state and will rule only in …

Forbes

Book Review: Modern Monetary Theory And European Macroeconomics

Dirk H. Ehnts, a lecturer in economics at Bard College, Berlin, has written <i>Modern Monetary Theory and European Macroeconomics</i>. The book acts an …

Seeking Alpha

Finance minister calls banks to discuss new facility to drain cash

MUMBAI (Reuters) - The finance ministry has called bankers into a meeting on Friday to discuss setting up a new facility to absorb surplus cash in the banking system, according to a letter sent to heads of lenders seen by Reuters on Thursday.<p>The finance ministry wants to discuss implementing a new …

Reuters India

Raúl Castro’s economic legacy is on the line

The tourists are still jamming Havana’s Cathedral Square and jostling to get into the popular private restaurants. But not too much is going right …

s:miamiherald.com

Ex-Fed Vice Chair Blinder Says 4 Fed Hikes Still Possible

Alan Blinder, a Princeton University professor and former vice chairman of the Federal Reserve, discusses the outlook for Fed policy with Bloomberg's …

Bloomberg

Dead meat: A Brazilian meat scandal damages the country’s two global producers

Dead meatA Brazilian meat scandal damages the country’s two global producers<p>Chile, China and the EU have banned some or all of the country’s …

The Economist

What if breakeven inflation and the “term premium” are measuring the same thing?

There are two simple ways to think about long-term bonds yields:<p>Traders’ best guesses about future short-term interest rates plus something extra — …

s:ftalphaville.ft.com

Why I'll take economic growth over 'happiness' any day

President Trump has promised he'll boost economic growth. "Tremendous" growth, to be specific. In that way — and maybe no other — he's like every …

s:theweek.com

The world in brief, March 23rd 2017

Police in <b>London</b> shot a suspected <b>terrorist</b> who stabbed an officer outside the Houses of Parliament; both men died. On his way to Parliament the …

s:espresso.economist.com

The 11 countries where you're most likely to get a job in 2017

Companies across the globe are starting to ramp up their hiring after a year of political uncertainty and upheaval.<p>Over the last year, Britain voted to leave the European Union, Donald Trump became the new US President, and populism has been spreading across Europe. It has caused great uncertainty …

Business Insider

Saudi Arabia Rating Cut by Fitch as Public Finances Worsen - Bloomberg

Saudi Arabia’s credit worthiness was cut one level by Fitch Ratings, which said low oil prices were worsening public and external finances.<p>Fitch …

Bloomberg

Fed economists’ study warns of future episodes of ultra-low rates

Even as US rate-setters make tentative progress in the direction of more normal monetary policy, economists are warning that central banks are set to …

s:ft.com

Global Retail Banking Report 2017

• <b>The regulators will decide.</b> Capital and compliance will shape incumbents and newcomers alike. Domestic regulators warn fintechs not to expect an easy …

s:eiuperspectives.economist.com

Terrorism in London: Five die in a terrorist attack in London

Terrorism in LondonFive die in a terrorist attack in London<p>An assault on Parliament<p>Britain<p>Mar 22nd 2017<p>AT LEAST five people were killed and around 40 …

The Economist

Liberals defer major tax pledge in 2017 federal budget

Finance Minister Bill Morneau has put off tax hikes on wealthier Canadians, delivering a budget Wednesday that promises new money for job training, child care and social housing but offers no plan to improve the country’s debt outlook.<p>The revenue-strapped Trudeau government will run a $28.5-billion …

The Globe and Mail

Can the Government Afford Economic Growth?

Despite the Federal Reserve’s latest interest rate increase last week, interest rates remain low by historical standards. While rising interest rates are an indication that the economic outlook is improving, the slow climb back to normal rates is a significant risk to the government’s budget.<p>50 …

Forbes

Europe's Murky Path to Normal Monetary Policy

Much like a father holding the hand of his anxious son through a dark alleyway, the European Central Bank is striving to give markets guidance over how it will normalize its monetary policy.<p>The ECB has told investors that it intends quantitative easing to continue at a pace of 60 billion euros a …

Bloomberg

German consumer sentiment unexpectedly falls heading into April - GfK

BERLIN, (Reuters) - German consumer sentiment unexpectedly fell to its lowest level in five months going into April, a survey showed on Thursday, …

Economic Data

Federal budget highlights: 10 things you need to know

From deficit and defence to an Uber tax, <b>Laura Stone</b> and <b>Gloria Galloway</b> explain the key points from the Liberals’ second budget under Justin Trudeau<p>The Liberals’ second budget builds on the work of the government’s first fiscal plan, with a wide range of targeted and often relatively small …

s:beta.theglobeandmail.com

Zombie Companies are China's Real Problem, Peterson's Lardy Says - Bloomberg

China needs to take on its state-owned “zombie companies,” which keep borrowing even though they aren’t earning enough to repay loans or interest, …

Bloomberg

Figures on government spending and debt

WASHINGTON (AP) — Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.<p>Total public debt subject to limit March 21 $19,808,747<p>Statutory debt limit<p>$19,808,772<p>Total public debt outstanding March 21<p>$19,845,866<p>Operating balance March …

Associated Press

If China wants to achieve its growth goals, it may need the help of robots

China, like many nations around the world, is aging.<p>According to the National Australia Bank’s economics team, China’s working age population — those aged 15 to 64 — peaked four years ago and has been steadily declining ever since.<p>And it’s only just beginning.<p>It’s not an ideal scenario for …

Business Insider

Money Supply Growth Falls To 17-Month Low In February

<i>By Ryan McMaken</i><p>The supply of US dollars has slowed during early 2017 with February's year-over-year percentage increase hitting a 17-month low of 7.7 …

Seeking Alpha

Schumpeter: America’s shale firms don’t give a frack about financial returns

SchumpeterAmerica’s shale firms don’t give a frack about financial returns<p>Exploration and production companies are poised to go on another investment …

The Economist

Oil Wealth Stimulus Bash in Norway Nearing Tipping Point - Bloomberg

The great Norwegian stimulus engine is gearing down.<p>The growth of Norway’s $910 billion sovereign wealth fund and oil income won’t be enough to keep …

Bloomberg

Why is it so hard for Canadians to believe the ‘benign’ inflation rate?

If there’s one message on inflation from the Bank of Canada these days, it is this: There isn’t any. In its most recent press release on interest-rate policy, the Bank said, “… three measures of core inflation, taken together, continue to point to material excess capacity in the economy.” That’s an …

The Globe and Mail

Foreigners buy more longer-dated U.S. bonds at auctions

NEW YORK (Reuters) - Foreign investors raised their purchases of longer-dated U.S. government debt in early March, in a sign of renewed appetite for dollar-denominated assets as the greenback has retreated from its multi-year peaks, U.S. Treasury data showed on Wednesday.<p>Overseas investors, a major …

Reuters