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’OECD on the importance of angel investment
Here’s 158 pages on angel investment across the world. Yes, it’s a very important source of seed funding across the US and much of Europe. H/T @pkedrosky
Piling on the government gurantees
Government guarantees for financial institutions are a financial crisis thing, right?
Wrong.
As the above chart from a new OECD paper (by Sebastian Schich and Byoung Hwan Kim) shows, guarantees were proliferating well before the credit crunched years of 2007 to 2008.
OECD: ‘It won’t be us leading the global recovery’
A chart from the OECD’s latest economic outlook:
The report calls mostly for conventional measures aimed at reducing global imbalances: medium- and long-term fiscal consolidation in debtor countries,
Something for the bulls?
Here’s something for stock market bulls to latch on to — the latest OECD Economic Outlook report.
In spite of the turmoil in the eurozone, the OECD has actually revised GDP forecasts for its 31 member countries upwards:
A pat on the back for international policymakers
A pat on the back from themselves, that is.
A statement out of the OECD in Paris on Wednesday:
Joint press release by Federal Chancellor Angela Merkel, OECD Secretary-General Angel Gurría, WTO Director-General Pascal Lamy,
Now that’s contagion
Okay. When the OECD starts making this kind of comparison, it might be tin-hat time.
Via Bloomberg, the OECD’s Director General Angel Gurria presented the Greek crisis as, er, the ebola virus:
“It’s not a question of the danger of contagion;
Recovery, OECD style (Germany not included)
Here’s some nice big-picture graphs to pore over on Thursday, courtesy of the OECD’s interim assessment of the recovery in developed economies.
Well, perhaps not so nice for Germany.
The OECD’s take on GDP growth in the G7 economies springs one surprise,
A sovereign vulnerability scorecard
From Andrew Garthwaite and his team at Credit Suisse, a scorecard of OECD countries most likely to face government debt funding problems.
Click to enlarge:
So, Greece, Ireland, Spain and the UK are seen as the most vulnerable – but what about the US,
Opec eyes OECD demand
The Organisation of Petroleum Exporting Countries meeting in Luanda, Angola, agreed on Tuesday to leave oil output curbs unchanged, while calling for greater compliance with existing output targets — a signal the cartel currently believes the market to be well supplied.
A little case of international org schizophrenia
The World Bank on Monday warned the recession will be deeper than previously forecast:
June 22 (Bloomberg) — The World Bank said the global recession this year will be deeper than it predicted in March and warned that a flight of capital from developing nations will swell the ranks of the poor and the unemployed.
Where next for the world economy?
Bumping along the bottom, according to the latest OECD’s Economic Outlook published on Wednesday.
Fom Reuters. Emphasis ours;
The Organisation for Economic Cooperation and Development said in its latest economic outlook that the slowdown in its 30 member countries was close to the bottom.
HM Treasury refuses FOI stress test data
No surprise, really, in news that Bloomberg has had a Freedom of Information request to find out the results of the banking stress tests in the UK turned down.
This is Britain, after all.
Disclosure of the results “at this time may lead to uncertainty in financial markets,
Synchronised depression
The OECD has published its latest set of leading indicators. They’re not great. But you don’t need us to tell you that. Here’s Albert Edwards:
The OECD have just released their latest leading indicators.
Lax monetary policy has fuelled buyouts, says OECD
Lax monetary policy in countries such as China and Japan is fuelling the boom in private equity buy-outs that is worrying regulators and unions across the world, according to a report published today, writes Martin Arnold in the FT on Monday.
OECD says equity price volatility is ‘not a major correction’
The recent decline in global equity prices is a minor correction and not a significant fall-out, the Organisation for Economic Co-operation and Development says in a report published on Tuesday. In an interim assessment,