Archive for April, 2015

The rebuilding of quake-hit CHCH added perhaps as much as 15% to GDP but with this activity now beginning to ebb, milk prices falling and the country’s largest trading partner (Australia) struggling, there seems to be nothing left in the…

The fall in commodity prices has gifted Japan’s households around Y10 trillion of extra disposable incomes.  However, far from spending this money, Japan’s households seem to be saving almost all of it.  Low real yields seem to be forcing Japan’s…

Although some of France’s production data has looked better of late, we find that this was largely the result of a long-ago arranged pick up in aircraft output.  In reality, we can find little sign that France’s economy has improved…

Germany’s economy has clearly picked up over recent months but in our BD151 paper we argue that the revival was simply a one-time reaction to lower commodity prices & the fall in the Euro.  Moreover, we argue that with Germany’s…