March 2013 International Economic Fundamentals
- Thread starter Ally
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4 reasons why the EU took should a risky approach for Cyprus
Mohamed El-Erian ` CEO of PIMCO, the biggest bond fund in the world ` is out with a reaction in the FT to this weekend`s stunning Cyprus bailout deal.
(The terms of the deal include an instant, 10-percent `tax` on deposits held in Cypriot banks before the banks re-open this week, which is being widely-panned as unfair by critics.)
Read the full article here.
Mohamed El-Erian ` CEO of PIMCO, the biggest bond fund in the world ` is out with a reaction in the FT to this weekend`s stunning Cyprus bailout deal.
(The terms of the deal include an instant, 10-percent `tax` on deposits held in Cypriot banks before the banks re-open this week, which is being widely-panned as unfair by critics.)
Read the full article here.
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Global real estate trends
A number of housing markets around the world showed signs of stabilization or improvement in 2012, including the U.S., the U.K., Australia and China. Overall, however, conditions remain relatively soft, and some of the hardest-hit markets, including Spain and Ireland, are still under significant pressure. In a small majority of the major housing markets in our survey, average inflation-adjusted house prices were posting year-over-year (y/y) price declines at the end of 2012 (chart 1).
Read the full report here.
A number of housing markets around the world showed signs of stabilization or improvement in 2012, including the U.S., the U.K., Australia and China. Overall, however, conditions remain relatively soft, and some of the hardest-hit markets, including Spain and Ireland, are still under significant pressure. In a small majority of the major housing markets in our survey, average inflation-adjusted house prices were posting year-over-year (y/y) price declines at the end of 2012 (chart 1).
Read the full report here.
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The world's most expensive markets for luxury real estate
Billionaires have been on a real estate buying spree. Stateside, they`ve broken records on huge home purchases in every major housing market from Woodside to Malibu to Aspen to Chicago to Miami to New York. And internationally, massive sales in London, Singapore and Hong Kong have garnered worldwide attention.
`Global billionaire activity in world real estate markets has been so intense over the last seven years that it has led to a doubling of property values in this sector,` says Savills, a global real estate firm, in its annual World Cities Review report. The report found that major cities` super luxury housing markets, referred to as `billionaire markets`, have grown at a much faster clip than mainstream markets of the same cities. The largest value increases have been clocked in China and Asia, thanks to the emergence of new wealthy classes and rising commodity prices.
Read the full article here.
Billionaires have been on a real estate buying spree. Stateside, they`ve broken records on huge home purchases in every major housing market from Woodside to Malibu to Aspen to Chicago to Miami to New York. And internationally, massive sales in London, Singapore and Hong Kong have garnered worldwide attention.
`Global billionaire activity in world real estate markets has been so intense over the last seven years that it has led to a doubling of property values in this sector,` says Savills, a global real estate firm, in its annual World Cities Review report. The report found that major cities` super luxury housing markets, referred to as `billionaire markets`, have grown at a much faster clip than mainstream markets of the same cities. The largest value increases have been clocked in China and Asia, thanks to the emergence of new wealthy classes and rising commodity prices.
Read the full article here.
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The existence of credit risk is currently blowing Europe's collective mind
You know you`re having a big day as the head of the Eurogroup when shocked Financial Times writers out and demand your resignation.
That was a reaction to Dutch Financial Minister Jeroen Dijsselbloem`s discussion of the final (for now) Cyprus bailout plan, which certainly included more satisfaction than one should take from the destruction of a tiny economy.
Read the full article here.
You know you`re having a big day as the head of the Eurogroup when shocked Financial Times writers out and demand your resignation.
That was a reaction to Dutch Financial Minister Jeroen Dijsselbloem`s discussion of the final (for now) Cyprus bailout plan, which certainly included more satisfaction than one should take from the destruction of a tiny economy.
Read the full article here.
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- 16,743
Despite welfare state and wine, unhappiness reigns in France
France has good wine, a great culture, a 35-hour work week and a miserable population.
A study by the Paris School of Economics shows that despite having all the things needed for a good life, the French are among the unhappiest people on the planet.
Read the full article here.
France has good wine, a great culture, a 35-hour work week and a miserable population.
A study by the Paris School of Economics shows that despite having all the things needed for a good life, the French are among the unhappiest people on the planet.
Read the full article here.
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Spain's central bank offers grim forecast
MADRID - Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to repair public finances and the effects of a weak global economy, the central bank said Tuesday.
The Bank of Spain said it expected the economy to contract 1.5 per cent this year, compared with 1.4 per cent in 2012, and only return to growth in late 2014.
Read the full article here.
MADRID - Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to repair public finances and the effects of a weak global economy, the central bank said Tuesday.
The Bank of Spain said it expected the economy to contract 1.5 per cent this year, compared with 1.4 per cent in 2012, and only return to growth in late 2014.
Read the full article here.