Tag Archives: Fiscal Stimulus

More Ugly Chinese Economic Data

The fiscal stimulus and trade concessions cometh? The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) for December, released on Wednesday, fell to 49.7 from 50.2 in November, marking the first contraction since May 2017. Economists polled by Reuters had forecast only … Continue reading

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Spiegel: Obama “like a doctor caught prescribing performance-enhancing drugs”

Go no further than the Der Spiegel piece, Why Europe Is Right and Obama Is Wrong, to understand the fundamental differences between American and German thinking on fiscal and monetary stimulus. Michael Sauga, the author, writes, American economists, central bankers and fiscal … Continue reading

Posted in Black Swan Watch, Fiscal Policy, Geopolitical, Monetary Policy, Policy, Sovereign Debt, Sovereign Risk | Tagged , , , | Leave a comment