The Daily Dish (Free subscription) | 01/10/2008
Edward Hugh assesses Russia - a demographically sick country on oil steroids: Russia’s key long term challenge can be succinctly summed up - severe demographic decline coupled with excessive dependence on raw material extraction industries.
Global Economy Matters (Free subscription) | yesterday
by Edward Hugh: Barcelona “We do not have a federal budget, so the idea that we could do the same as what is done on the other side of the Atlantic doesn’t fit with the political structure of Europe,” Jean-Claude Trichet, commenting last week on the Eupean "summit" in Paris last Saturday ``If you concentrate on California or Florida, it is not at all like Massachusetts or Alaska......It...
BONOBO LAND (Free subscription) | 6 hours ago
by Edward Hugh: Barcelona“We do not have a federal budget, so the idea that we could do the same as what is done on the other side of the Atlantic doesn’t fit with the political structure of Europe,”Jean-Claude Trichet, commenting last week on the Eupean "summit" in Paris last Saturday``If you concentrate on California or Florida, it is not at all like Massachusetts or Alaska......It...
Seeking Alpha (Free subscription) | 03/10/2008
Edward Hugh submits: Well, the action in Russia this week has moved on slightly, and the damage has started to spread from pressure on the domestic stock market (accompanied by capital flight) to the real economy - via a very rapid tightening in credit conditions for Russian domestic users. We are also seeing a rapid slowdown in Russian manufacturing industry as internal demand slows...
Global Economy Matters (Free subscription) | 03/10/2008
by Edward Hugh: Barcelona Well the action in Russia this week has moved on slightly, and the damage has started to spread from pressure on the domestic stock market (accompanied by capital flight) to the real economy via a very rapid tightening in credit conditions for Russian domestic users. We are also seeing a rapid slowdown in Russian manufacturing industry as internal demand slows...
Global Economy Matters (Free subscription) | 01/10/2008
by Edward Hugh: Barcelona The euro fell against the dollar yesterday - by the largest amount registered in any single day since the introduction of the single currency in 1999. The drop was effectively a response to the growing signs of strain in Europe's banking sector. Activity in support of banks was widespread throught the day, and across the whole system. The euro fell 2.5 percent...
Global Economy Matters (Free subscription) | 30/09/2008
by Edward Hugh: Barcelona Well, it's official, or at least its as near official as it's going to get at this point: the Eurozone is in its first recession. And how do I know this? Well Frankfurt-based Financial Times European economy correspondent Ralph Atkins told me it was, in this article last Tuesday. Joking aside, this line-judge ruling (we will remember the eurozone doesn't have...
Headline Junky (Free subscription) | 29/09/2008
AFOE's Edward Hugh offers a solid analysis of the current financial turmoil roiling Russian markets, that among other things debunks the idea that the invasion of Georgia was an essential cause -- as opposed to a catalyzing event -- of the capital flight in the invasion's aftermath. In other words, absent other fundamental weaknesses and contributing factors, there's no way of knowing...
