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Spain's Manufacturing Contraction Accelerates in SeptemberOct 2, 2009
Well here's the first BIG news from yesterday's global manufacting PMI reports - Spain's manufacturing contraction accelerated in September. Of course, how could it be...
Spain's Current Account Deficit Folds In On ItselfOct 2, 2009
Spain's current account deficit fell to 2.064 billion euros in July from 7.752 billion euros a year earlier as imports tumbled, according to the latest Bank of Spain...
Is This Really a Global Recovery?Aug 1, 2009
China! China! burning bright
In a bubble, Day and Night
Is it Bust or is it Boom
That frames thy fearful asymmetry?*
Can you feel it? That calm and...
The Russian Government Forecasts A Possible 8% GDP Contraction For 2009May 19, 2009
Of course, with all these large negative numbers going the rounds at the moment, we are all in danger of going rapidly dizzy, but some pieces of data still have the...
The Global Manufacturing Contraction Stabilises In AprilMay 5, 2009
by Edward Hugh: Barcelona
The global manufacturing recession continued in April, with rates of contraction for output, new orders and employment all showing what are effectively sharp...
Total Eclipse At The Heart Of Dubai's WorldNov 27, 2009
by Edward Hugh: Barcelona
Back in the heady days of 2006 some 30,000 cranes, roughly a quarter of total global capacity, were busy whirring away in Dubai. Today most of these devices have either left to find service in other parts of the globe, or...
Are Russia's Consumers Getting "Carried Away" With Themselves?Nov 26, 2009
by Edward Hugh: Barcelona
“Cutting rates by 50 basis points here and there is not going really diminish the appeal of the ruble,” said Manik Narain, an emerging markets strategist at Standard Chartered Bank Plc in London. “In terms of nominal...
The Great Unravelling (Dubai Edition)Nov 26, 2009
By Claus Vistesen: Copenhagen
Although I certainly would not rank it alongside Macro Man's dreaded vacation indicator or the incipient increase in the USD if and when the Economist finally decides to slot its decline on the front page, I still have...
Rebalancing in the Baltics - A Preliminary AssessmentNov 22, 2009
By Claus Vistesen: Copenhagen
"In my view … it is impossible to understand this crisis without reference to the global imbalances in trade and capital flows that began in the latter half of the 1990s." Bernanke (2009)
Executive Summary
...
Just How Much Of A Eurozone Rebound Really Was There In Q3?Nov 15, 2009
by Edward Hugh: Barcelona
Sorry, and I apologise in advance: in this post I'm going to be a nit-picker. The question in hand is the Eurozone third quarter growth one, and the story is all about differences (between countries) and these differences in...
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