Some hope the European Central Bank will use quantitative easing to help the fragile region, but as Albert Gallo, head of macro credit research at RBS, points out, with sovereign bonds already at multiyear lows QE will not help where it is needed.
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Major League Baseball celebrates today to remember Jackie Robinson’s major league debut on April 15, Opening Day in 1947. What a great hero.
Have a listen to the song,
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Migrant workers make up nearly a fifth of the Chinese population and, with average wages of about $14 a day, they are at the upper end of middle class incomes in emerging markets.
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Global Macro Monitor 