May 22, 2012 | Daily JAM, Mid Term, Morning Briefing |
According to this morning’s economic outlook from the OECD, for the developed economies as a whole, growth will fall to 1.6% in 2011 (from a not so impressive 1.8% in 2011) and then “recover” to a 2.2% growth rate in 2013. The world’s developing economies will, once again, do much better.
May 10, 2012 | Mid Term |
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April 26, 2012 | Mid Term, You Might Have Missed |
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April 19, 2012 | Daily JAM, Mid Term |
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April 12, 2012 | Mid Term |
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April 2, 2012 | Daily JAM, Mid Term |
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March 5, 2012 | Mid Term |
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February 27, 2012 | Daily JAM, Mid Term |
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February 20, 2012 | Daily JAM, Mid Term |
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February 13, 2012 | Daily JAM, Mid Term, Morning Briefing |
China has told its big government controlled banks to roll over loans to local governments. That means local governments that borrowed from the banks to pay for the 2008 stimulus plan ordered by Beijing and to finance everything from factories to roads to apartment complexes to shopping malls to the tune of 10.7 trillion yuan ($1.7 trillion) won’t have to pay back those loans as they mature.
February 7, 2012 | Daily JAM, Mid Term, Morning Briefing |
The more deadlines that Greece misses in the short term, the higher the odds that the country will default and leave the euro in the longer run. Today Citibank raised its estimate of the odds of a Greek default and departure from the euro in the next 18 months to 50%
January 30, 2012 | Daily JAM, Mid Term |
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