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ICYMI: Five Thought Pieces from July

August 01, 2013
1. Deep Dive: Surplus Capital Revisited:  Offers a different alternative narrative to the financial crisis from both the Keynesians and monetarists. While rooted in a historic intellectual tradition, it has fallen out of favor and this essay seeks to reintroduce it to investors and policy makers.  
2.  Global Investment Climate:  Identifies and…
ICYMI: Five Thought Pieces from July ICYMI:  Five Thought Pieces from July Reviewed by Marc Chandler on August 01, 2013 Rating: 5
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Emerging Markets: What has Changed

August 01, 2013
(from my colleagues Dr. Win Thin and Ilan Solot)

1. Israel has a new central bank governor 2. There is more talk about liberalizing deposit rates in China 3. Reserve Bank of India sounded more dovish than some had expected
1. Israel has a new central bank governor. Leonardo Leiderman was named central bank chief, contrary to expectations by many …
Emerging Markets: What has Changed Emerging Markets:  What has Changed Reviewed by Marc Chandler on August 01, 2013 Rating: 5
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Draghi Part II

August 01, 2013
In the press conference, most of the questions focused on the forward guidance. Draghi added some color. Full allotment of the refi operations will continue through at least July 2014. That rates will remain steady or lower for an extended period is conditioned on the ECB's assessment of price pressures and the trajectory of the economy. 
Draghi Part II Draghi Part II Reviewed by Marc Chandler on August 01, 2013 Rating: 5
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Draghi Part I

August 01, 2013
ECB President Draghi essentially repeats his comments from last month. The key is that rates will remain at current levels or lower for an extended period and, although the economy is gradually recovering, growth risks remain on the downside. Price pressures of subdued and expectations are anchored.
The market has taken the euro …
Draghi Part I Draghi Part I Reviewed by Marc Chandler on August 01, 2013 Rating: 5
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Six Things to Know Before the BOE and ECB

August 01, 2013
The US dollar is broadly higher, despite the somewhat dovish FOMC statement and better than expected European purchasing managers surveys. Global equity and bond markets are mostly higher. The highlight of the day still lies ahead, but there are 6 developments to note prior to the outcome of the BOE and ECB meetings.
1. Australia's PMI …
Six Things to Know Before the BOE and ECB Six Things to Know Before the BOE and ECB Reviewed by Marc Chandler on August 01, 2013 Rating: 5
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