US SECTOR OVERVIEW All US sectors save Utilities are trading close to the upper end of their range but are very close to a breakout to the downside which suggests general market weakness ahead in the short run. Utilities offer…
Indonesia’s Current Account Deteriorates on a Slump in Exports
Posted in Emerging Markets, Featured, Global Economy on August 14, 2012In principle, a negative current account should not be a problem for Indonesia given the economy’s strong demographic profile, but the slump in external demand will expose the strong credit growth in the domestic economy
Ukraine – Dropping the Currency Peg is the Most Viable Option to Avert a Crisis
Posted in European Economy on August 6, 2012The situation in Ukraine is once more coming to a head, as it did so in 2008 and 2009. To avoid a hard default, a critical outflow of foreign funds, and a complete depletion in the central bank’s reserve assets, Ukraine should drop the peg (or widen the trading band) to the USD and devalue its currency.
