Ricardo

QE3 is still on the table: first hike 2015+

The sell-side /blogger reaction to Fed Dudley’s recent speech suggested that the Fed had made an unexpectedly hawkish move. Tim

The weakness of the Chinese and European (flash May) PMIs tells an interesting Macro story. With a bit of imagination,

The monthly DEEWR benefits data lags the unemployment rate, and is highly seasonal. Mark the graph does a good job

The bundesbank’s report on the German situation contains an enlightening statement on the situation in Greece (ht alphaville). Current developments

The minutes from the BoE’s 9-10 May meeting show that they were close to doing more QE. for several members,

Macrobusiness posts on the slump in Skilled Vacancies. They fell 7%mom in April, declining in all States and in all

Looking through old IMF article IV consults, I re-read the concluding statement from their Kiwi mission (April 2012). It names

The IMF just concluded their article IV consultation of the UK. They conclude that monetary policy is too tight: Further

The financial crisis – and subsequent regulation – has increased the cost of financial intermediation. This FRBSF Fed letter covers

Jim Hamilton reviews some VAR based research on fiscal multipliers. He finds that government spending crowds out private spending, so

The great hope this weekend was that the G8 would exceed expectations, and do something (anything) to calm markets. It

The WSJ seems to know a lot about the JPM CIO’s credit portfolio. They claim that the CIO has about