EMerging Equity
economic growth
How Central Planners Crippled Japan’s Economy
By Yonathan Amselem The greatest tragedy of the 2008–2009 financial meltdown was not that it happened. The collapse of asset prices was the necessary result of near zero interest rates. No, the most devastating aspect of the financial meltdown is that central planning alchemy lost no credibility. Policymakers around the world are still turning to Keynesian and socialist … Continue reading
The Trouble With GDP And Emerging Markets
By Diane Coyle Is Africa poor? Yes, compared to other regions of the world. But this apparently straightforward question is harder to answer than it seems. This shows why the technicalities involved in constructing GDP statistics matter a lot. Specifically, take the question of whether or not Ghana is officially a poor country. Aid organizations use … Continue reading
Is It 2008 All Over Again? (China Hype And Hope)
By Phoenix Capital Research The world has not yet fully realized the magnitude of the slowdown in China. The “official” China growth numbers claim the Chinese economy is plowing along at 6%. I use quotations around the word “official” because Chinese economic data points are complete fiction. Indeed, back in 2007, no less than current First … Continue reading
China’s Economy Isn’t “Recovering”
By Jeffrey P. Snider, Alhambra Investment Partners You can always tell what kind of monthly variation any economic account provides from the commentary by which it is described. And there are, apparently, only two options: upward variations mean stimulus is working; downward variation just means that there will be more stimulus. Even by this crude cipher, … Continue reading
Zambia’s Currency Is Golden This Year As It Surges With Precious Metals
Zambia’s currency has performed better than 150 other currencies so far this year, and is expected to rise further as metal prices continue to rise. The Zambian kwacha suffered the world’s third-worst performance in 2015 falling 42 percent against the dollar, but has recovered to become this year’s best performer. A report from ETM Analytics, obtained by Bloomberg, shows that Zambia’s … Continue reading
The Fed Is Just As Wrong Today As It Was In 1937
By Jeffrey P. Snider, Alhambra Investment Partners There is great allure in comparing our current economic circumstances to those in 1937, and why wouldn’t there be? The associations are especially striking, starting with the gaping hole left over by each contraction. Each recovery, then and now, was at least moving in the right direction but not … Continue reading
India Wants To Create 100 ‘Smart Cities’ — How Can It Get There?
By Alice Charles, World Economic Forum The world is experiencing an unprecedented transition from predominantly rural to chiefly urban living. India is by no means an exception, with its urban population having increased from 222 million in 1990, to 410 million in 2014 and is forecast to increase to 814 million by 2050. In fact the pace … Continue reading
Revisions To U.S. Industrial Production Show, Unsurprisingly, Much Less Recovery And Even More Recession
By Jeffrey P. Snider, Alhambra Investment Partners US industrial production fell yet again in March to (benchmark revised) -2% year-over-year. With updated revisions, the contraction in IP now extends seven months rather than what would have been just five under the prior assumptions. As anticipated yesterday, auto production was a leading factor in the retreat. The … Continue reading
China’s Quarterly Growth Slows To 6.7%, But Shows Signs Of Stabilizing
Growth of the world’s second-biggest economy slowed to an annual rate of 6.7 percent in the first quarter of 2016, China’s National Bureau of Statistics reported Friday. It is the slowest quarterly growth for China since the financial crisis in 2009, but it is in line with forecasts and the government’s growth target of 6.5-7 … Continue reading
Secular Stagnation Would Be The Best Case, But It’s Not Even Realistic
By Jeffrey P. Snider, Alhambra Investment Partners The IMF released the first 2016 edition of its World Economic Outlook (WEO). Titled Too Slow For Too Long, it seems as if the institution has finally caught on to the fact that the global recovery never really was a recovery. Throughout the report you get the sense that they … Continue reading
Follow Us On Social Media
Our Discussion Groups
Our Social Media Readers
