Central Bank Watch
Despite promising data, we expect DM central banks to continue to ease in H1 in an effort to capitalize on any momentum, as most EMs wait for clearer global cues.
Michael Manetta and the RGE Economic Research Team Feb 9, 2012
Cross Asset Monthly
The market is caught in split-personality mode: (il)liquidity vs. (in)solvency; cyclical vs. structural; the short vs. long run. Which will dominate the here and now? The answer is not clear but changeable, hinging on myriad market and macro responses to politics and policy.
the RGE Market Strategy Team Feb 9, 2012
China Monthly
Hot money outflows, CNY depreciation pressure and weak deposit growth—Q4 2011 was one of the oddest on record for Chinese monetary conditions.
Adam Wolfe Feb 1, 2012
Emerging Markets Quarterly
Emerging markets (EM) are once again challenged by the exigencies of developed markets (DMs), as well as homegrown issues. The year is off to a decent risk-on start, as hopes rise that EM deceleration will smoothly run its course as policy tightening reverses
the RGE Economic Research and Market Strategy Teams Jan 26, 2012
Economic Research
This year’s World Economic Forum at Davos comes at what could be a defining moment in 2012: the ECB is grinding into action, the Fed has opened the door to more easing, and EMs and DMs teeter on the brink of a significant slowdown. Nouriel offers thematic and policy insight from the conference.
Nouriel Roubini Jan 30, 2012
Market Strategy
In Europe, tail risks persist. Major debt restructurings, EMU exits and fragmentation of the currency area are real risks with significant consequences for solvency and credit expansion.
Jennifer Kapila and Parul Walia Jan 10, 2012
Economic Research
Not only is our baseline for global growth below consensus, but we see risks pointed to the downside, particularly in 2013, as limited policy space vies with ongoing balance sheet repair to hinder growth prospects, particularly in the eurozone, and bring down global potential growth.
Rachel Ziemba, Prajakta Bhide, Shelley Goldberg, Juan Lorenzo Maldonado, Michael Manetta, Christian Menegatti, Elisa Parisi-Capone and Adam Wolfe Jan 5, 2012
Market Strategy
A one-page snapshot of the key cross-asset market developments impacted by the crisis in 20 charts, updated every week.
Michael Hart Feb 8, 2012