Morgan Stanley’s Stephen Len is obviously on the same page as I am about how the rising interest rate differential between Europe and the US is likely to drive short term currency movements:
Policy rate differentials are especially important now for the currency markets, and it pays to focus on central banks these days.
Reason 1. [...]
More evidence today of how the Central Bankers and their economic advisers are doing their best to sound the inflation alarm. This time it is ECB Chief Economist Otmar Issing:
European Central Bank Chief Economist Otmar Issing said a surge in oil prices may lead to higher-than- expected inflation in 2006, as the bank edges closer [...]
Tonight, a French friend sent sent me an email expressing his disappointment about the fact that a Eurodistrict comprising the French (Euro-)city Strasbourg and the German regional authority Kehl, which will be officially created by officials from both parties at a signing ceremony tomorrow afternoon, is falling far short of the enthusiasm it was conceived [...]
Vicenta, Edward, Tobias, and David (from left to right)Some light Friday afternoon reading, and some faces you may not have seen yet. A month ago, almost exactly two years after the day that will live in infamy, the first afoe meet-up took place in Stockholm.
Despite the fact that not everyone in the fistful could [...]
Following-up on my post earlier this week on interest rate policy I see Graham Searjeant has a piece in the Times today arguing that Mervyn King has the balance wrong between fighting inflation and stimulating growth.
In a sense I think that Searjeant is not entirely fair when he says:
Growth has become even more vital [...]
Well following my speculation yesterday that the suggested de-coupling of the UK rebate issue from agricultural reform might be connected to the implications of the Doha round, news is in today that France last night called for an emergency meeting of European Union ministers to discuss “growing concerns in Paris that Europe will concede [...]
It has been confirmed that the variant of avian flu found in Turkey is the H5N1 high pathogenic virus. Obviously on reading this one is caught between a feeling of panic and a desire to stay calm. Frankly the stay calm bit should win out, in all of us. Panic only makes things worse. [...]
My preocupations about the impact of demographic change on German society are already pretty well known. Well if Germany as a whole has a sizeable problem, the former East German Lande have a huge one. The state-owned KfW development bank project in a report out today (German only unfortunately, an English version of the press [...]
The excellent Dutch weblog Sargasso has an entry on Turkish cult novelist Burak Turna, whose latest book The Third World War or Üçüncü Dünya Savasi is turning into a regular best-seller in Turkey. One quote from Turna, taken from the International Herald Tribune:
”Turks are waking up to two facts,” Turna said at a café near [...]
EU Politix is reporting UK Deputy Prime Minister John Prescott as telling a plenary session of the EU’s Committee of the Regions that London is “strongly committed” to finding agreement on the EU budget before the end of 2005. He is quoted as saying “We can not change agriculture in the short term.” and “We [...]
Feed: A Fistful of Euros