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Central banks in many developed economies have responded to the global financial crisis and subsequent economic downturn in similar fashion, enacting aggressive policies to address the initial liquidity crisis, followed later by unorthodox polices to spur growth and bring down unemployment. Click here to continue reading.
US Q2 2013 Economic Outlook from Bloomberg Briefs Click here to take a free trial to Bloomberg Brief Economics for 30 days.
The European Central Bank’s threat to cut off Cyprus’s access to the Emergency Lending Facility (ELA) on Monday will be the main focus of investors early next week. Cypriot lawmakers begin debate today on legislation to unlock bailout funds and prevent a financial collapse. The Cyprus bank holiday is scheduled to expire on Tuesday and a failure to reach terms [...]
The recent decline in the fortunes of several large retail chains mirrors the hollowing out of the middle class following the 2007-2009 recession. Lost jobs, falling wages and shifting preferences among consumers reflect increasing income inequality and a bifurcated retail market. The difficulties faced by these mass market retailers, such as J.C. Penney Co. Inc., Target Corp. and Wal-Mart Stores Inc., may be indicative of [...]
Bloomberg economist Joseph Brusuelas previews the week ahead in U.S. economics data releases, including retail sales, inflation and manufacturing. Click here to continue: U.S. Economics Preview
The U.S. economic expansion will probably continue in 2013 at last year’s subdued pace. A substantial fiscal drag as payroll taxes are reset back to 6.2 percent from 4.2 percent, and an increase in income taxes on households earning more than $450,000, will both play a major role in this slow growth scenario. Fiscal restraint, weak wage growth and muted household expenditures all indicate [...]
