Macroeconomics - Daily News Briefing
Weber hints at another rate increase
28.08.2008
ECB makes concerted effort to dispel notion of a rate cut; Weber and Stark say economic downturn will be short and shallow; euro strengthens on comments; Germany’s IG Metall is asking for an 8% pay increase; an Irish delegation, meanwhile, has paid a visit to Denmark to study the political and legal implication of the various Danish EU treaty opt-outs.
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A Run on America
17.03.2008
This crisis will mean three things: the end of the US as the world sole economic superpower; the end of the dollar as the global reserve currency, and its replacement by the euro; and the de facto end of Anglo-Saxon transaction-based financial capitalism.
Is US inflation at 8%?
12.03.2008
By: Wolfgang Münchau
Some estimates suggest that we are consistently underestimating the rate of US inflation. While I am largely agnostic on this particular issue, I strongly believe that we need a debate about how we measure prices. (Note to readers: The guestbook entries are working again.)
Central bankers cannot stop this contagion
10.03.2008
By: Wolfgang Münchau
Cutting interest rates gives the worst of all worlds: no economic relief, plus a rise in inflationary expectations.
Forget about Q2
10.03.2008
By: Eurointelligence ECB Watch
Forecasters are underestimating the rising importance of monetary analysis in the ECB's decision making framework. A rate cut is not very likely.