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28 lug 2014 18:23

Increasingly Desperate Venezuela Makes Oil-for-Cash Deal With China

By Nick Cunningham: Venezuela is showing increasing signs of desperation as it takes out an additional $4 billion in loans from China in exchange for oil. The deal, announced July 21, will give embattled Venezuelan President Nicolas Maduro an immediate influx of cash, which he needs to keep the economy afloat. Average Venezuelans are suffering [...]

economia | ecomonitor.com

28 lug 2014 18:13

China’s Financial Risk

Three years ago I called attention to the NYU Stern Volatility Laboratory. Since then it’s grown into an even more amazing resource, giving anyone access to constantly updated information about financial conditions in dozens of countries around the globe. Of particular interest are recent changes in their measure of the systemic risk posed by financial institutions. The basic [...]

economia | ecomonitor.com

28 lug 2014 18:08

Housing: The U.S. Economy’s New Risk Factor

Housing remains a weak spot for the US economy, as suggested in yesterday’snews of a surprisingly large decline in new home sales for June. The report follows last week’s update on new residential construction, which also slumped more than expected last month. On a brighter note, existing home sales, which constitute the lion’s share of transactions for residential [...]

economia | ecomonitor.com

24 lug 2014 21:02

Fed Hubris: Central Bank Ignores That It is on Thin Political Ice

A shot across the Fed’s bow from Simon Johnson, former IMF chief economist and bank critic, on the surface looks to be a good bit of news. Johnson, in a recent Project Syndicate article, warns that the notoriously cloistered central bank is overly confident about its political position. Although Johnson is constrained by both space limits [...]

economia | ecomonitor.com

24 lug 2014 20:57

Will the U.S. Oil Boom Make Energy Sanctions Easier?

Ask someone to identify a big geopolitical consequence of the ongoing U.S. oil production boom and odds are high that they’ll invoke Iran. (Every one of the links in that last sentence is an example.) Without surging U.S. oil production, they’ll argue, sanctions on Iranian oil exports would have led to a massive oil price spike. Here is a concrete case of the oil boom yielding greater U.S. freedom of action in [...]

economia | ecomonitor.com

24 lug 2014 20:52

Is the BRICS Bank More ‘Democratic’ Than the World Bank?

The launch of the new BRICS development bank “reflects the disparity and democratic deficiency in the global governance and is trying to restart, to rethink that,” according to Nobel economist Joseph Stiglitz.  But is the BRICS bank really more “democratic” than the World Bank, whose governance legitimacy its founders are challenging? As the Geo-Graphic above shows, [...]

economia | ecomonitor.com

24 lug 2014 20:47

Global Growth: The Slow Recovery Continues

By Olivier Blanchard: The recovery continues, but it remains weak, indeed a bit weaker than we forecast in April. We have revised our forecast for world growth in 2014 from 3.7 percent in April to 3.4 percent today. This headline number makes things look worse than they really are. To a large extent, it reflects something that has [...]

economia | ecomonitor.com

23 lug 2014 08:16

What Does the Consumer Price Index Measure? Inflation or Cost of Living? What’s the Difference?

On Tuesday, the Bureau of Labor Statistics announced that the US Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 3.13 percent in June. What does such a figure really mean? Is it a measure of inflation or of the change in the cost of living? Until recently, I would have answered [...]

economia | ecomonitor.com

22 lug 2014 22:05

The Case For Higher Rates Looks Weak… Again

Some analysts are again projecting that the age of higher interest rates has finally arrived. The Fed is tapering and the US economy is expanding moderately, despite a first-quarter setback. David Kotok last week wrote that the central bank’s tapering has now passed the tipping point and reflects a “tightening” of monetary policy. Recent inflation readings have [...]

economia | ecomonitor.com

22 lug 2014 21:56

Inflation Statistics: Distorted by Biases

In a recent article, Amity Shlaes asserts official statistics mismeasure how we experience inflation. I’m going to agree, but not for the reasons you might think. It’s not because John Williams’ Shadowstats, which she appeals to, is right (Jim has comprehensively documented why each and every person who cites that source should be drummed out of the society [...]

economia | ecomonitor.com