Emerging Markets Archive

NACM’s Credit Managers’ Index Economic Report for January 2010

[Skip to the end] Agreed. Makes for a good stock environment. And unemployment could even fall towards 8% which would be considered a victory due to our absurdly low expectations. Critical Manufacturing Improvements Lead Credit Managers’ Index Jump in January Columbia, Maryland: February 1, 2010—The latest data is starting to turn in ...Read More

India’s Growth Accelerates for First Time Since 2007

[Skip to the end] India the next engine of growth where deficit spending remained high and the recession was largely averted? All they need to do is let themselves become a large net importer. India’s Growth Accelerates for First Time Since 2007 By Cherian Thomas Aug. 31 (Bloomberg) — India’s economic growth ...Read More

Guaranty Bank: OTS Closes the Barn Door

[Skip to the end] Interesting they are selling the assets to a foreign bank, presumably at high rates of return. Just one more thing that pushes exports and reduces our real terms of trade and standard of living. Also, by addressing the banking issue from the ‘top down’ by funding the banks ...Read More

China Macro Flash:Capital Requirement May Tighten To Further

[Skip to the end] Looks like the push to restrict lending is continuing. The new capital will ‘automatically’ be available for profitable loans, but it will take some time and some repricing of risk. >    >   (email exchange) >    >   On Fri, Aug 21, 2009 at 5:53 AM, Dave wrote: >    >   Good summary of ...Read More

China Money Rates Drop as Central Bank Stops Pushing Up Yields

[Skip to the end] Check out the last ‘house hunting’ story. Looks like they are on to that angle of attack, directing that form of ‘investment’ as a matter of public purpose, much like we have done with our public policies over the years. Also looks like the cut back in lending ...Read More

Brazil Lula Vetoes Spending Limits for 2010 Budget, Estado Says

[Skip to the end] Brazil seems to be catching on? Brazil Lula Vetoes Spending Limits for 2010 Budget, Estado Says August 14 (Bloomberg) — Brazil’s President Luiz Inacio Lula da Silva vetoed 20 items in the guidelines for next year’s budget that sought to curtail government spending on public works, O Estado ...Read More

Geithner Pledges Smaller Deficit as China Talks Start

[Skip to the end] Geithner Pledges Smaller Deficit as China Talks Start By Rebecca Christie and Rob Delaney July 27 (Bloomberg) — Treasury Secretary Timothy Geithner pledged the U.S. will shrink its budget deficit over the next four years and boost national savings, Ah, ‘national savings,’ that gold standard measure that’s inapplicable ...Read More

South Korea’s Economy Grows at Fastest Pace in Almost Six Years

[Skip to the end] So far it is just a rebound but part of a pattern of generally better than expected data and supports the notion that removing fiscal drag does restore domestic demand. South Korea’s Economy Grows at Fastest Pace in Almost Six Years By Seyoon Kim July 24 (Bloomberg) — ...Read More

savings rates, growth, and struggling green shoots

[Skip to the end] So in the US the high savings rate is hurting growth, and in South Africa the low savings rate is hurting growth. Next thing they’ll be saying is economies should not have a savings rate in order to have optimal output and employment… Did I say they don’t ...Read More