BRIC PMIs for January are continuing to show divergence in growth across the four economies.
BRIC PMIs for January are continuing to show divergence in growth dynamics across the four economies, across the two key sectors, and a broad slowdown in growth across majority of the BRIC parameters. Here are some details:
Carry trades involve borrowing in one currency at lower interest rates (say in Euro or Japanese Yen) and ‘carrying’ borrowed funds into investment or lending in another currency, bearing higher interest rates (e.g. into Australia or New Zealand, or Rus…
For all the ECB and EU talk about the need to increase deposits share of banks funding and strengthening the banks balance sheets, the reality is that Euro area banks are still more reliant on non-deposits
Europe’s debt addiction in one chart: the following chart plots total domestic and cross-border credit to non-banks, at constant end-Q2 2014 exchange rates, in per cent of GDP
Remember Tax Inversions Islands?
Yes, at some point, Troika won’t be able to handle all the bad news flying its way… for now, however, a new alarm at the barbwire fence of European Reformism: Cyprus is heading off the Troika Reservation:Whatever might have made Cyprus rush for the A…
You know that slightly odd person who sits on a park bench repeating to anyone who bothers to ask him the same story over and over again? Well, now try imagining one that is doing so unburdened by a request.And you have ECB…At least Frankfurt did not…
Debt overhang and its impact on growth has been a rather controversial topic over the recent years.
Russian manufacturing PMI slipped deeper into contractionary territory posting 47.6 in January compared to 48.9 in December, as covered here: http://trueeconomics.blogspot.ie/2015/02/2215-irish-manufacturing-pmi-january.htmlToday’s release of the Servi…