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A Short History of Ukraine and Crimea

February 28, 2014
(from my colleague Dr. Win Thin)

A little history lesson about Ukraine and Crimea may help put recent developments into better perspective.  What emerges is a very clear understanding of why both Russia and Ukraine feel that they each have historical precedent to support their positions:  Russia believes Ukraine is part of Russia, while Ukraine (o…
A Short History of Ukraine and Crimea A Short History of Ukraine and Crimea Reviewed by Marc Chandler on February 28, 2014 Rating: 5
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Great Graphic: More Thoughts on Inequality

February 28, 2014
This Great Graphic was tweeted by Jose Manuel Roche, who got it from the OECD.  It shows the Gini coefficient, a widely used measure of income inequality,  for five high wage economies in the 1985-2012 period. 
The US is the red line, and except for a brief moment around 1990, its Gini coefficient is the highest.  The blue line is an unweighted av…
Great Graphic: More Thoughts on Inequality Great Graphic: More Thoughts on Inequality Reviewed by Marc Chandler on February 28, 2014 Rating: 5
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RMB Weakness Accelerates and Steady EMU Inflation Drive Markets at Month End

February 28, 2014
There has been much economic data reported today, and there are month-end considerations, but the two main drivers of the capital markets today have been the biggest one day loss in the Chinese yuan and new that the preliminary February CPI did not tick down as many expected.  The headline rate was unchanged at 0.8%, though the core measure did ri…
RMB Weakness Accelerates and Steady EMU Inflation Drive Markets at Month End RMB Weakness Accelerates and Steady EMU Inflation Drive Markets at Month End Reviewed by Marc Chandler on February 28, 2014 Rating: 5
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Detroit and Rome: A Tale of Two Cities

February 27, 2014
Detroit was allowed to declare bankruptcy last year.  This began a protracted process by which the municipality renegotiated with its creditors, including government worker pensions. 
This illustrates several characteristics about the American "system".  First, it has de-stigmatized bankruptcies, as we saw with GM and Chrysler.  Second, …
Detroit and Rome: A Tale of Two Cities Detroit and Rome: A Tale of Two Cities Reviewed by Marc Chandler on February 27, 2014 Rating: 5
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Emerging Markets: What has Changed

February 27, 2014
(from my colleagues Dr. Win Thin and Ilan Solot)

1) The Israeli central bank surprised markets with a 25 bp rate cut 2) Ukrainian President Yanukovych has been ousted and a new government appears to be in place, but uncertainty and tensions continue; hryvnia peg was eliminated 3) Recent yuan weakness is notable, and has investors wondering if a r…
Emerging Markets: What has Changed Emerging Markets: What has Changed Reviewed by Marc Chandler on February 27, 2014 Rating: 5
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