Tag Archive: Italy

Emerging Markets and Global Oil Demand



Read More »

European Industrial Production Still Contracting, Switzerland Expanding Again

2013-10-16

by

2013-10-16

Industrial Production 2010-2013
Swiss industrial production is rather insensitive to price changes and to the recent slowing of global demand thanks to the concentration on pharmaceuticals and luxury products.   Based on Eurostat’s industrial production for July and August , we compared the values from 2010 to 2013 for these two summer months. This aggregated two-months comparison is …

Read More »

8a) Italy and the Euro Exit

Beppe Grillo
Italy, other peripheral economies and later France will follow Japan for a decade or more of balance sheet recession: stagnant wages, falling real estate prices and a reduction of private debt.

Read More »

Italian Retail Prices Remain close to Switzerland, Germany Far Cheaper

2013-06-16

by

2013-06-16

German vs. Italian prices since 1998
Disinflation Finally Starting in Italy The Swiss site preisbarometer.ch is run by the Swiss Consumer Association. Their price data shows that a food basket is 46% more expensive when compared between the German “Kaufland” shop and the Swiss “Coop”. Going to France into “Leclerc” gives you an advantage of 38% against Coop. However, for a …

Read More »

Q1 GDP: Japan +1.0%, AUS, Swiss +0.6%, US +0.45%, Germany +0.1%, Italy -0.5%

2013-05-30

by

2013-05-30

  Update June 26: The Swiss economy has grown more quickly than the United States in Q1 2013. Japan is in the lead of the global comparison with 1.0% quarterly growth, Australia and Switzerland follow with 0.6%, the US has 0.45% QoQ (or 1.8% annualized), Germany 0.1% and Italy slowed by -0.5%. Weakest currency, strongest … Continue...

Read More »

Global Purchasing Manager Indices

2013-04-11

by

2013-04-11

Global PMIs December 3, 2012
Manufacturing Purchasing Manager Indices (PMIs) are considered to be the leading and most important economic indicators.   August 2013 Update Emerging markets: Years of strong increases in wages combined with tapering fears have taken its toll: Higher costs and lower investment capital available. EM Companies have issues in coping with developed economies. Some of them …

Read More »

European Wealth Reports: Why “Median” Italians are Far Richer than Germans

Italy home sales business loans 2000-2012
We explain why according to the European wealth reports "median" Italians are more wealthy than Germans. The main reasons are high savings and accumulation of wealth for the average family until the 1990s, often invested in homes and real estate. Low ECB interest rates finally let the value of the home rise strongly.

Read More »

A Century Of French And Italian Economic Decline

eurozone margin proxy weakening msci em msci europe
Italy overtook Japan with the worst real GDP growth of all advanced economies since 1991 (0.79% per year, an amazing and sad distinction). Italians and French are clearly getting tired of austerity.

Read More »

Global Purchasing Manager Indices, Update January 25

2013-01-26

by

2013-01-26

Global PMIs December 3, 2012
Manufacturing PMIs are considered to be the leading and most important economic indicators.  After a strong slowing in summer 2012 and the Fed’s QE3, this is the fourth month of improvements in global PMIs   January 25th Expansion-contraction ratio: There are 15 countries that show values above 50 and 14 with values under 50. Positive-negative-change ratio: …

Read More »

The Biggest Bubble of the Century is Ending: Government Bond Yields

2012-12-26

by

2012-12-26

Since 1960 Treasury Yield Chart
Government bond yields under 10 years for safe-havens are close to zero. In April 2013, even 20 year bond yields are less than 3%, What can explain this bubble of the century? Update August 16, 2013: So, 10-year Treasury yields have ended the day closer to 3 per cent. But not as close as they … Continue reading »

Read More »

Who Says No to Austerity and Global Imbalances, Must Say Yes to the Northern Euro

Eventually the euro will be abolished, a Northern Euro introduced: politicians and their economic advisors might just be waiting for a calm moment, especially with upcoming German inflation.

Read More »

Global Purchasing Manager Indices, Update December 17

2012-12-20

by

2012-12-20

Global PMIs December 3, 2012
Manufacturing PMIs are considered to be the leading and most important economic indicators.  Since the Fed’s QE3, this is the third month of improvements in global PMIs after a strong slowing in summer 2012.   January 25th Expansion-contraction ratio: There are as many countries that show values above 50 as under 50. Positive-negative-change ratio: 18 countries …

Read More »

About the Impossibilities of the Common-Currency-Recession-Austerity Cycle

2012-12-18

by

2012-12-18

charles wyplosz
Charles Wyplosz, Professor of International Economics, Graduate Institute, Geneva repeats our arguments in "Who says No to Austerity, Says Yes to the Northern Euro" about the impossibility of getting out of the common currency - recession - austerity - cycle.  Similar as we do, he proposes a public...

Read More »

Global Purchasing Manager Indices, Update December 10

2012-11-12

by

2012-11-12

Global PMIs December 3, 2012
  Manufacturing PMIs are considered to be the most leading and important economic indicators. Jim O’Neill, Chairman of Goldman Sachs Asset Management, believes the PMI numbers are among the most reliable economic indicators in the world.  BlackRock’s Russ Koesterich thinks it’s one of the most underrated indicators. Global Purchasing Manager Indices for the manufacturing industry   December 3, 2012 …

Read More »