Market Overview

External liquidity squeezeArgentina is experiencing sharply slowing economic growth and rising inflation. Foreign-exchange reserves fell considerably last year, forcing the authorities to proceed to a...

For both cyclical and structural reasons, economic growth has been depressed since 2012 and is likely to hold below its long-term potential in 2014. Budget and current account deficits are still high...

The beginning of the year was marked by two major events: the vote on the new constitution and the formation of a technocratic government. Although the route to elections finally seems to be opening...

The US dollar is broadly lower. The ongoing strength of the dollar-bloc has been joined by the euro, sterling and the yen. Now that the dust has settled from last week’s two big events, the ECB...

The economic recovery that began in 2013 is expected to continue in 2014. Exports will benefit from the rebound in activity in the United States while domestic demand will be driven by public policies...

As a world trade and financial centre and a key base of services for China, Hong Kong’s small economy has one of the highest degrees of financial and trade openness in the world and more than...

The Japanese yen pares some of this week's again following the recovery in Asian equities and after BoJ announced policy decisions. BoJ refrained from adding stimulus and help policies unchanged...

This Great Graphic was tweeted by Sony Kapoor. It shows GDP per capita for four large European countries and Japan. Per capita takes on increased importance given demographic considerations, like the...

Our newest normal is off to another solid start this week with emerging market equities (EEM) treading water (~ 0.15%) against the downside performance of the SPX (~ -1.0%). Greasing the differentials...

Note from dshort: I've updated this commentary with the latest numbers from Friday's Employment Report.In my earlier update on demographic trends in employment, I included a chart illustrating the...

Let's take a close look at Friday's employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government's Employment Situation Summary are the numbers for...

Note from dshort: I've updated this commentary with the latest numbers from Friday's Employment Report.The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor...

Here is a look at two key numbers in Friday's monthly employment report for March: Average Hourly Earnings Average Weekly Hours The government has been tracking the data for Production and...

Note from dshort: I've updated this commentary to include the latest labor force data in Friday's employment report.Every week I post an update on new unemployment claims shortly after the BLS report...