This week, investors, journalists, and economists expect that “Thursday’s release of July retail sales data by the Commerce Department could merit a market reaction, particularly if U.S. sales rebounded last month from a weak showing in June. Economists are expecting a 0.5% bump thanks to increased motor vehicle sales.” [Fortune, Aug 9th 2015]. Every month, […]
RGE’s Kevin Harris has a nice preview of the July FOMC meeting: in brief, FOMC members are locked and loaded, ready for a September hike, though they will refrain from committing to a move and do their best not to cause an overreaction across the yield curve, where too few hikes are priced in relative to the […]
Here is a logician’s or mathematician’s approach to disprove Draghi’s “the euro is irreversible” assertion, with an astrophysics aside. First question: Do you believe that the euro will exist in 10 billion years from now, with all 18 countries as members? [If yes, multiply by 10 and repeat until credibility is zero (the end of […]
Watch Roubini’s Senior Research Director, David Nowakowski, on the BBC’s flagship news program Newsnight discussing the EM slowdown.
Watch Roubini’s Senior Research Director, David Nowakowski, on CNBC discussing the German economy and the ECB explicit desire for a weaker euro.
Watch Roubini’s Senior Director of Research David Nowakowski talking about Draghinomics, prior to the latest ECB meeting and the new measures. Source: CNBC
Watch RGE’s Senior Director of Research David Nowakowski talking about the eurozone and the need for more easing, ahead of Thursday’s ECB policy meeting. Source: Bloomberg Television’s “Countdown.”
RGE’s own David Nowakowski recently discussed the outlook for the global economy at an event for asset managers in London. Follow the link here to access a video of his keynote speech (registration required), and download his presentation by clicking on the PDF below. PDF: Sea Change in the World Economy
The OECD has been telling the ECB to cut rates since November last year; today, after nearly half a year, the tortise-like ECB acted, cutting two rates that don’t really matter much. The ECB opened up two more doors today, though it hasn’t walked through them: first on securitization of SME loans into ABS, and second, to lower […]
RGE’s Senior Director of Research David Nowakowski appeared on CNBC to discuss the evolving situation in Cyprus, where depositors are moving out, Russian investors are cautious and bank runs have returned. View the videos below, or go to CNBC for clips here, here and here.