Financial crises are very costly according to an article in the latest edition Finance and Development magazine of the IMF. Financial crises occur more frequently in emerging countries than developed countries.Between 1972 and 2007 emerging markets have been hit with more currency crises than banking and debt crises. Developed countries have had virtually no debt …
China is the second largest trade partner of the U.S.. Total trade with China amounted to $194B with the U.S. running a trade deficit (imports greater than exports) of $123B as of July this year. In fact, the U.S. has been running a trade deficit with China for many years now. In recent years however, …
Continue reading ‘Will the U.S. Remain China’s Biggest Export Destination?’ »
The September edition of the Reserve Bank of Australia’s “Reserve Bank Bulletin” has an excellent article titled “Patterns and Trends in Global Saving and Investment Ratios”. The article compares saving and investment ratios of different countries and regions and their impact on the current deficits. In this post, let me present some of the key …
Continue reading ‘Global Saving and Investment Trends 2009’ »
Recently Madrid-based influential real estate market analysts R.R. de Acuña & Asociados released the annual report on the property market in Spain. Releasing the report, Fernando RodrÃguez y RodrÃguez de Acuña, president of the company said “There are no green shoots around here†describing the state of the Spanish property market. This is not surprising …
Continue reading ‘Spanish Property Market to Recover in 2016’ »
The U.S. personal savings rate rose to 6.9% in May this year as American consumers saved more of their income. This is the highest in the past 15 years. In 2006, the savings rate fell below zero. Chart: Recent Trends in US Personal Savings Rate As households net worth increases the personal savings rate decreases …
Continue reading ‘U.S. Household Net Wealth and Personal Savings since 1952’ »