Eurozone recovery strengthened

January 23, 2014 under Useful Articles
The recovery among eurozone private sector firms gathered pace in January, a survey has indicated, with growth at its fastest pace since June 2011. The latest Markit Purchasing Managers’ Index (PMI) for the eurozone economy rose to 53.2 from 52.1 in December. A figure above 50 indicates expansion. Growth accelerated in Germany while the rate of decline slowed in France. Separate figures from the Bank of Spain
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Forget house prices and debt, deflation is Canada’s new bogeyman

January 6, 2014 under Useful Articles
Bloomberg News | January 3, 2014 | Last Updated: Jan 3 10:07 AM ET After spending two years watching house prices and household debt measures, investors may spend 2014 focused on inflation reports when making bets on the Bank of Canada’s interest rate outlook. The slow pace of consumer price inflation surprised policy makers in 2013, reviving rate-cut bets and prompting the central bank to abandon its bias to
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China local government debt surges by 70%

January 6, 2014 under Useful Articles
30 December 2013 Last updated at 10:58 ET - BBC © 2014 China has local government debts of 17.7 trillion yuan ($2.9tn), up 70% from three years ago, according to an official report. China’s government asked the National Audit Office (NAO) in July to do a round-up of the debts outstanding at a local level. The report showed some local governments were using new loans to repay more than a fifth of their deb
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How many times can economists cry wolf about interest rates?

January 6, 2014 under Useful Articles
Garry Marr | December 16, 2013 | Last Updated: Dec 27 5:20 PM ET Interest rates are going up. Guaranteed. They can’t go any lower. Bet on it. How many times have we heard this mantra? How many times can it be wrong? At least in 2013 it turned out to be partially true – rates went up on the long end but started falling again towards the end of the year. On the short-end of the interest rate curve — somethi
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