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Russia's central banker Elvira Nabiullina, the ruble and central bank policies
03/12/2013
A central banker, former economy minister, who led Russia's changes for entry into the World Trade Organization, and policies to stabilize the ruble and Russia's economy during the emerging markets crisis of 2014.
Linked Articles
Putin Taps Pro-Market Economist as Banker
Wall Street Journal 03/12/2013
Russia Prepared to Let Ruble SlideWall Street Journal 01/30/2014
The slow process of reform for credit ratings agencies involved in the 2008 global financial crisis six years later in 2014
02/05/2013
Linked Articles
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows Humor
New York Times 02/05/2013
The Stone Unturned: Credit RatingsNew York Times 03/22/2014
Greece and living up to euro currency responsibilities- efforts under Papadopoulos 2002, Giannitsis 2001, Manos 1998 and Tsipras's commitment in 2015 15
01/28/2013
Can Greece live up to its euro currency responsibilities, is the question raised inside the eurozone, as Greece renews its commitment to reforms to build a modern economy. A look back at politicians who emphasized euro currency responsibilities and the candid remarks by Tsipras in an intervew with Bret Stephens of the WSJ.
Linked Articles
The Politicians Who Warned Greece—but Were Ignored
Wall Street Journal 07/11/2015
Stephens: The Conscience of a RadicalWall Street Journal 01/28/2013
Restoring Deutsche Bank's image in 2015- (2) the legal investigations in Germany
12/20/2012
Linked Articles
Image Remake Suffers Hit at Deutsche Bank
Wall Street Journal 12/20/2012
German Financial Watchdog Bites BackWall Street Journal 03/28/2014
Ben Bernanke of the U.S. Federal Reserve and the Bank of Japan's Shirakawa- contrasting approaches to communicating monetary policy
12/13/2012
Linked Articles
A Federal Reserve That Is Focused on the Value of Clarity
New York Times 12/13/2012
Vote Challenges Japan's Central BankWall Street Journal 12/13/2012
U.S. Fed chairman Bernanke's activist interest rate policies to tackle high unemployment and central bankers from MIT
12/12/2012
A pragmatic activist focus in economic thinking shaped at the MIT economics department in Cambridge, Masachusetts. The ECB's Mario Draghi, Bank of England's Mervyn King, and Bernanke shaped their thinking at MIT. Draghi and Bernanke had the same PhD. advisor- Stanley Fischer. Factors calling for a pragmatic approach include the lack of political agreement on th deficit, the housing and foreclosure crisis effects, higher inequality and unemployment effects on the middle class, the effects of the globalized economy on working class manufacturing jobs, people dropping out of the labor foce, and lower inflation, which called for a larger focus on unemployment. Bernanke emphasized the "enormous waste in human potential and productive resources of the economy" throughout 2009-2012. Draghi emphasized the abnormal nature of excessive borrowing interest rates for Italy and Spain during the ECB's bond buying efforts in 2011-2012. Both efforts had a stabilizing effect on the economies of the U.S. and Europe during a period of political discord about future policy.
Linked Articles
Wall Street Journal 12/13/2012
MIT Forged Activist Views of Central Bank Role and Cinched Central Bankers' TiesWall Street Journal 12/12/2012
Return of bubble type incentives in the U.S. auto industry 2012-2015
12/05/2012
Linked Articles
Auto Sales Trends Echo Troubled Past
Wall Street Journal 11/03/2014
Detroit's Unsold Cars Pile UpWall Street Journal 12/05/2012
Obama's second term- (1) history of U.S. presidents and foreign policy failures in Syria-Iraq of U.S. president Obama
11/07/2012
Linked Articles
Wall Street Journal 11/08/2012
Triumphant Obama Faces New Foe in Second-Term CurseNew York Times 11/07/2012
German chancellor Merkel and the EU plan for aid to Spain's banks in Oct. 2012
10/18/2012
Merkel turns down an effort pushed by France and Spain at the Oct. 2012 EU leaders meeting for direct aid to Spanish banks. Instead money has to go from the European Stability Mechanism fund to Spain after a request by Spain for aid. The aid request by Spain would be met under program of conditionality set by the IMF, EU and ECB. Spain is delaying a request for aid as borrowing rates on Spanish bonds declined to about 5% by late October 2012. The Rajoy government in Spain faces regional spending problems and separatis sentiment in addition to high unemployment and a worsening situation with its banks. Merkel faces elections for chancellor in Germany in Sept. 2013 and says more time is needed to setup the eurozone banking supervisory authority- to be set up in the course of 2013 with the legal setup completed by Jan 2013 as a concession to France. This would push banking supervision and financial architecture till after the election.
Linked Articles
German Refusal on Bank Aid Mars European Summit
New York Times 10/19/2012
Europe Seeks a Spain StrategyWall Street Journal 10/18/2012
What a difference a year makes for the government bonds of Italy and Spain
10/02/2012
ECB chief, Mario Draghi made the famous statement on July 23, 2012, that he would "do whatever it takes" to bring down the yields on the government bonds of Italy and Spain. These bond yields had reached 7.5%, worsening the debt position of the two countries. A year later in August 2013 the bond yields were down, the gap with German bond yields narrowed, and the first signs of recovery in the eurozone made investment in the bonds of Italy and Spain attractive. Emerging market debt faced the opposite of what they faced in July 2013, as the currencies of India, Indonesia, Malaysia, Turkey, Brazil and other developing countries depreciated significantly. As the U.S. Federal Reserve begins its pull back from its monetary easing policy capital flows and foreign investment to to emerging markets reversed causing grief in countries which depended on these inflows to finance deficits in the current account.
Linked Articles
How ECB Chief Outflanked German Foe in Fight for Euro
Wall Street Journal 10/02/2012
Europe Bonds May Offer More ValueWall Street Journal 08/23/2013
President Obama's second term- (3) failure to lead on the domestic front and how it relates to Syria-Iraq, the careful observations of Panetta and Woodward
09/07/2012
Leon Panetta, U.S. Defense Secretary under Obama, who was also U.S. president Clinton's chief of staff, and Bob Woodward, renown Washington Post journalist, say Obama failed to lead on domestic policy issues and his own agenda during the first term.
Linked Articles
Wall Street Journal 09/07/2012
Former Defense Chief Panetta Criticizes Obama in New MemoirWall Street Journal 10/07/2014
Canada's DBRS, a little known credit ratings firm that made a large difference for the credit ratings of Italy and Spain
08/09/2012
Canada's DBRS put less weight on the political shifts in Italy and more on the low growth rate. It rated Italy A (low) in November 2013, much higher than the ratings given by Moody's and S&P. This was important in the eurozone crisis because the European Central Bank uses the highest rating on a sovereign country's bonds to decide discounts on collateral pledged by banks to the ECB. DBRS has more faith in the lasting value of the euro and sees through the ups and downs of the crisis. It takes a similiar upbeat long term view of Spain. DBRS has credibility because it did not move ratings up as much before the 2008 financial crisis, and did not move the ratings down as much during the crisis, as the large credit ratings firms.
Linked Articles
Wall Street Journal 08/09/2012
The Key to Italy's Rating Is Kept in CanadaWall Street Journal 11/02/2013
The risks to Chrysler in 2013-2015 with delayed new and redesigned models, and higher incentive costs reducing margins
07/31/2012
Lower cash flow from the demands for new and redesigned models in a very competitive market, the higher incentives costs reducing margins, combined with losses in the Fiat European operations, will pose challenges for Marchionne in 2013-2014.
Linked Articles
Chrysler Profit Up, Cautions on Spending
Wall Street Journal 01/31/2013
In Turnabout, Chrysler Profit Offsets Fiat LossWall Street Journal 07/31/2012
Obama's second term- (4) the U.S. president's foreign policy failures in Syria and Iraq seen up close by Leon Panetta
02/07/2013
Linked Articles
Former Defense Chief Panetta Criticizes Obama in New Memoir
Wall Street Journal 10/07/2014
Senate Panel Examines Benghazi AttackNew York Times 02/07/2013
Setting the record straight and restoring the credibility of credit ratings- the U.S. Justice Department's struggle with S&P 2013-2015
02/05/2013
U.S. Associate Attorney General Dillery, the governments top negotiator in a $1.5 billion settlement in Jan 2015, says never has the Justice Department produced 290 million documents in discovery in Justice Department history.This is how many documents were produced in this case which he said showed S&P in serious breach of duty, which affected the U.S. financial system leading to many adverse consequences.
Linked Articles
S&P to Pay $1.5 Billion to Resolve Crisis-Era Litigation
Wall Street Journal 02/04/2015
S. & P. E-Mails on Mortgage Crisis Show Alarm and Gallows HumorNew York Times 02/05/2013
Losses and management turnover at mining companies leading to scaling back of orders of mining equipment and Caterpillar performance
01/18/2013
Losses at Rio Tinto and Anglo-American with risky projects is leading to management turnover and a scaling back in investment. The lower commodity prices, declining growth in China and risk averse strategies in turn affects Caterpillar's growth in its key mining equipment business. Analysts do not expect the situation to improve till 2015.
Linked Articles
Caterpillar Chief Faults China Unit
Wall Street Journal 01/29/2013
Miner Rio Tinto Ousts CEO as Bad Bets Cost BillionsWall Street Journal 01/18/2013
Chicago Fed president Evan's "7-3 plan" and U.S. Fed chairman Bernanke's announcement to keep interest rates low till unemployment reaches 6.5%
12/13/2012
Linked Articles
A Fed Bank President's Idea Comes to Life
Wall Street Journal 12/13/2012
Fed Ties Rates to JoblessnessWall Street Journal 12/13/2012
The influence of Yale Professor James Tobin on Janet Yellen as she shapes Fed policy to tackle U.S. unemployment
12/13/2012
Linked Articles
Yellenâs Path From Liberal Theorist to Fed Voice for Jobs
New York Times 10/09/2013
A Fed Bank President's Idea Comes to LifeWall Street Journal 12/13/2012
Risks Ford Motor, GM and Chrysler face with the resurgence of Toyota in 2013-2015
12/05/2012
Linked Articles
Toyota Again World's Largest Auto Maker
Wall Street Journal 01/29/2013
Detroit's Unsold Cars Pile UpWall Street Journal 12/05/2012
China's steadily growing automobile market in 2014-2015 (1)- expanding dealer networks to Tier 2 and 3 cities by Ford Motor and Mercedes Benz
11/23/2012
China's television channel CCTV focusses on consumer issues in its program 315. VW was a focus of one of the reports on consumer issues. Problems in the U.S. for GM and Toyota are likely to keep the focus on other auto companies as well.
Linked Articles
Wall Street Journal 04/25/2014
Ford Expands Dealer Network in ChinaWall Street Journal 11/23/2012
The weakness in Ford Motor Company's improved results and recovery in 2011-2013
10/30/2012
Ford Europe is one cause for concern. Another problem is the lower market share in light vehicle sales in 2012 and the deteriorating quality and reliability ratings for cars.
Linked Articles
Ford Results Show Power of U.S. Operations
Wall Street Journal 10/30/2012
Ford's Purring, but Its Cars Aren'tWall Street Journal 10/31/2012
The new Jinping-Keqiang leadership and reducing pharmaceutical and healthcare costs to help consumers in China (1)
10/03/2012
After a decade of decline in consumer spending in favor of infrastructure spending to where it is now only 35% of GDP, or half that in the U.S. as a percentage of GDP, China's leadership realizes the need to help consumers. It is seen as high on the list of priorities for the Party's survival. Ordinary Chinese, rural households and the elderly are seriously affected by the high cost of healthcare and the need to set aside a large portion of savings for medical emergencies (Orlik). This further depresses consumer after the impact of low savings rates. With a bursting of the property bubble the money depositors shifted to real estate is also at risk for middle class investors.
Linked Articles
Wall Street Journal 10/03/2012
Politics Is a Bitter Pill for GlaxoWall Street Journal 07/25/2013
Indian prime minister Singh's economic plan in the face of slowing growth in 2012
09/21/2012
In a televised address Singh says the market opening measures for the retail and other sectors are needed to maintain growth and foreign investment. Finance minister Chidambaram tells the WSJ in an Oct 2012 interview- the risks were too great with India facing a lowering of its credit rating, and the government having reflected on the serious consequences of not acting spelled out in the worst case scenario of the Kelkar committee report. The Indian government actions include lowering diesel subsidies and action to control the deficit, with a plan to bring it down to 3% by 2017.
Linked Articles
Q&A With Finance Minister Chidambaram
Wall Street Journal 10/08/2012
Singh Appeals to India to Support His MeasuresNew York Times 09/21/2012
The Sentier Research study that shows median American household income decline of $4019 from Jan 2009 to June 2012
08/23/2012
Worst hit groups in terms of the decline are blacks, people 55-64 nearing retirement, those with a high school diploma but no college degree. The decline affects both younger and older Americans.
Linked Articles
Big Income Losses for Those Nearing Retirement
New York Times 08/23/2012
Negative $4,019Wall Street Journal 08/25/2012
The Monti interview with the WSJ's Alessandra Galloni on Italy and the Eurozone
08/06/2012
Italy's prime minister Mario Monti is interviewed by the WSJ's Alessandra Galloni following the June 28 summit of European leaders.
Linked Articles
Mario Monti: Interview Excerpts
Wall Street Journal 08/06/2012
Monti Says He Regrets Berlusconi RemarkWall Street Journal 08/07/2012
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