Macro Views Activity Signs are everywhere that economic activity slowed down in quarter three everywhere, though especially in emerging economies and in particular in manufacturing and international trade. China’s GDP slowed to a quarter-on-quarter annual rate of 6.9% in quarter three. Brazil’s economic activity index had contracted again in August. We find persuasive the arguments […]

Macro Views Next four weeks Events in red are those most likely to shake markets. All week Middle East: Russia versus USA and Turkey (NATO) in Syria, Obama policy. Watch for signs of confrontation between Russia and the USA. Russia has intervened in Syria in support of Bashar al-Assad, whom the USA wants oust. Russia […]

Este artículo es una traducción del artículo en inglés The Fed is itching to normalize, publicado originalmente en la edición de septiembre 2015 de la revista digital de la International Association of Financial Executives Institutes (IAFEI). Parafrasea y extiende el artículo Concuerdo con Tim Duy pero por otras razones. Con la inflación de Estados Unidos […]