RSS feedFiscal stimulus
’Chinese stimulus *spoiler alert*
“So mild we might not even feel it” – is how Stephen Green and Wei Li at Standard Chartered anticipate the Q4 Chinese fiscal stimulus.
That would be the stimulus that everyone is hoping like mad will
Is God a fan of austerity?
Erm, OK, not God. Not even the Pope — although an editorial in L’Osservatore Romano by the Pope’s banker comes close:
During a prolonged crisis, inheritance taxes, new forms of taxation or similar alternatives reduce or wipe out resources for investments,
Are US banks turning Japanese?
An important question given struggling financial stocks, a stalling US economy, US public sector cuts and concerns over the impotence of QE3. Take your pick, really.
Fortunately it was also a question tackled Friday morning in a special conference call hosted by Nomura’s US banking analyst Brian Foran,
Government shutdown, economy slowdown?
Well, it’s a start.
The FT reported Monday evening that the House of Represenatives will on Tuesday vote on a two-week continuing resolution (CR) that funds the federal government through March 18 and reduces FY 2011 discretionary authority by $4bn.
On not accepting QE3, with Bob the Bear
Remember when Bob the Bear went bullish?
Bob Janjuah and Kevin Gaynor — global macro strategists formerly of RBS, now based at Nomura — said in October that markets were set to turn strongly ‘pro-risk’,
Stimulating, selectively and statistically significantly
The tax cut package is proving stimulative already – at least in terms of encouraging debate in the wonkosphere.
We continue to share the unoriginal view that extending the tax cuts for those earning above $250k will not provide the best bang to buck ratio.
Bernanke: it’s not me, it’s you
The People’s Bank of China sure knows how to gatecrash a party.
In an uncanny coincidence, the PBOC lifted bank reserve requirements 50bps – widely seen as a step against QE-inspired capital flows – just as Fed chairman Ben Bernanke rose to speak at the European Central Bank on,
China’s fiscal stimulus fading fast
Standard Chartered analyst Stephen Green has been pondering the meaning of the People’s Bank of China (PBoC)’s declaration that monetary policy was undergoing a ‘moderate adjustment’”
As he writes on Wednesday: