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Two steps forward, one step back. That seems to be the current cadence of the world economy. While it suggests progress, it is frustrating. The momentum that was clearly building over the past year has recently downshifted. Is this the best the global economy can do, or are better times ahead?

Posted August 20, 2012 Read More »

A galloping charger needs restraints. Not so the placid horse. Which one characterizes current EU inflation? The ECB sees the former, and has seen fit to grasp the reins more tightly, raising key interest rates for the second time in three months. Analysts are divided, and the stakes are high.

Posted August 20, 2012 Read More »

May, 2010 was just a few days old when the world economy hit a troubling inflection point. Concerns about the viability of Southern European economies combined with slowing growth to sour recovery hopes. Pundits are now proclaiming modest growth in unison, but commodity markets must have the earplugs in. Prices should be falling, but instead they are going the other way. What’s going on?

Posted August 20, 2012 Read More »