- The dollar gets better as Europe gets
busy.
As international capital flows into U.S. stocks and bonds and the U.S. trade deficit (gasp) dwindles, the once-pale greenback is finally in the pink. Meanwhile, European currencies have a date to keep. Currency markets must weather some real politicking as the year unfolds. The U.S. economy's health is as hard ......
- Strengthening the global economy: A report on the Bush Administration agenda
HEADNOTE A FOCUS ON RAISING PRODUCTIVITY GROWTH AND INCREASING ECONOMIC STABILITY HEADNOTE The Bush Administration's international economic agenda emphasizes increased economic growth and improved economic stability throughout the world. However, effective international policy begins at home, and the macroeconomic policies are in place for sustained, non-infla HEADNOTE tionary U.S. growth....
- The international economy.
World economic growth for 2004 is projected at 5 percent (measured in terms of real gross domestic product [GDP]), compared to growth rates of 2.1 percent in 2002 and 3 percent in 2003. The International Monetary Fund in Washington forecasts world economic growth for 2005 at 4.3 percent, (1) slightly ......
- Asia's underwater loans
IMAGE ILLUSTRATION 1 COVER REPORT: COMMERCIAL "WE KNOW THAT YOUR STRATEGIES WORKED IN THE UNITED STATES, JAPAN, KOREA, THAILAND AND CHINA, BUT THEY WON'T WORK HERE." That's the mantra we hear over and over again from officials throughout Asia as we move to help governments, banks and regulators address the ......
- "Dump REITs" is not the best strategy: the
gap between REIT stocks and real estate stocks.
INVESTORS talk about being more selective (defensive) and looking for lower beta stocks to protect gains made for the year-to-date, but have apparently not yet acted on this conjecture. We continue to believe that economists, and to a lesser extent, investors, have "jumped the gun"-at least theoretically-about this recovery. IN ......
- Frog in the pot: Germany's path to the Japan Syndrome
JAPAN'S DECADE of decline is the worst fate suffered by an advanced economy since the Great Depression. Contraction in Japan, however, is not only Japan's problem-it is also a drag on the global economy. Japan's withdrawal of capital from Asia and a weakening yen contributed heavily to the Asian financial ......
- Strengthening the global economy: a report on the Bush
Administration agenda; a focus on raising productivity growth and
increasing economic stability.
The Bush Administrations international economic agenda emphasizes increased economic growth and improved economic stability throughout the world. However, effective international policy begins at home, and the macroeconomic policies are in place for sustained, non-inflationary U.S. growth. On the international side, the Administration is focused on raising productivity growth in the ......