EU Officials Say Stimulus Exit Unlikely Before 2011

[Skip to the end] They are worried raising rates will further support the euro. And they all seek a quick return to ‘fiscal responsibility’ This all should insure the Eurozone remains characterized by high unemployment and elevated systemic risk EU Officials Say Stimulus Exit Unlikely Before 2011 By Svenja O’Donnell and Chris Burns Oct. 1 […]

Trade/FOMC Preview/China Exports/Stimulus hangups

[Skip to the end] Karim writes: Trade: Exports up 2%, Imports up 2.3%. Imports ex-petroleum down 1% and consumer goods imports down 4.8%. Sector strength mainly in industrial goods (restocking), but indicators of final demand still look weak. Don’t look for dramatic changes to FOMC statement; major focus will be on Treasury purchase language. 1) […]

IMF Says U.K. Can’t Afford 2010 Stimulus

[Skip to the end] This says a lot more about the IMF than the UK: IMF Says U.K. Can’t Afford 2010 Stimulus, Telegraph Reports The U.K. is alone with Argentina as the only members of the Group of 20 that cannot budget for temporary spending increases next year to aid economic growth, the Sunday Telegraph […]

Obama on the ‘stimulus’ package

[Skip to the end] Obama Says Economic Stimulus Plan Worked as Intended By Edwin Chen July 11 (Bloomberg) — President Barack Obama said his $787 billion stimulus bill “has worked as intended” as he pushed back against Republican criticism that his recovery program has failed to rescue the economy. What kind of policy is intended […]

Re: Chinese stimulus

[Skip to the end] (email exchange) Yes, thanks, as expected! >    >   On Tue, Mar 17, 2009, at 8:47, wrote: >    >   Looks like China is interested in prosperity as well, just leaving the Europeans behind! >    Last November China announced a CNY4trn stimulus package. The first part of the money started to be spent at the […]

Stimulus package

[Skip to the end] (email exchange) >    >   Mauer wrote: >    >   My main worry about the efficacy of the fiscal >   stimulus–aside from the international >   spillovers in case it is not supported by equally >   ambitious fiscal plans elsewhere–is this: >   households that face considerable employment >   uncertainty, and hence about their to future >   income prospects, are unlikely to go […]