Eurozone Faces Internal Devaluation (CNBC Interview)
Last week Mark Schaltuper, BMI’s Head of Europe Analysis, spoke on CNBC European Closing Bell about the prospect of an internal devaluation for the least competitive eurozone economies.
Entries for June 2010
China Dragging Commodities Down
The downward revision to China’s leading economic index has weighed significantly on equity and commodity markets this morning. The conference board claimed that the index rose by only 0.3% in April, marking a significant downward revision from the 1.7% released earlier this month. This ties in well with several of Business Monitor’s views; a relatively… [Read more]
CFA Franc (West): No Devaluation In Sight
With all the discussion about the sustainability of currency unions lately, I thought it would be appropriate to see how developments in the eurozone and elsewhere were impacting Africa. Although few people may realise it, there are no less than 14 West African economies sharing a common currency, the CFA franc, which is in turn… [Read more]
What Next For Afghanistan?
US President Barack Obama’s decision to replace General Stanley McChrystal as commander in Afghanistan raises the question of how the war effort there is likely to proceed under new commander General David Petraeus. BMI’s Tim Cooper talks to Yoel Sano, Head of Political Risk, about the future of Afghanistan.
Reflections From A Recent Visit To Mumbai
I visited Mumbai in April and thought that I’d share some observations with you. On my first morning, it was 35 degrees centigrade, and with the rainy season approaching, the air was thick and felt ready to burst. A smoggy haze hung over the city, suffocating me as I sat in endless traffic jams or… [Read more]
Eurozone: Painful Internal Devaluations Unavoidable
Financial markets seem to have a very short memory span when it comes to aligning with macroeconomic fundamentals these days. Though the release of housing sales numbers in the US today and the short-lived euphoria of China’s loosening of its exchange rate regime at the start of the week seem to have shaken up equities… [Read more]
UK Emergency Budget: Tough But Fair
In keeping with its promise to deliver an emergency budget within 50 days of coming to office, the UK’s Conservative-Liberal Democrat coalition government today unveiled a painful package of fiscal reforms to get public finances back on an even keel. Delivered by Chancellor of the Exchequer George Osborne before parliament, the budget proved to be… [Read more]