Global Macro Perspectives
Looks like Nakheel PJSC bonds will be paid off in full. Bloomberg link: Abu Dhabi Bails Out Dubai World With $10 Billion.The move has prevented Asian stock exchanges from going into negative territory; Europe is trading up around 1% in average. Short follow up on last weeks U.S. economic data: Jobless claims ticked up reaching […]
After Germany (the U.S. is stimulating all the time), Japan announced some sort of stimulus. Telegraph story: Japan unveils $80bn of direct spending in $274bn stimulus package. $80 is peanuts for a Japan size of economy. The monetary stimulus was also small. Looks like politicians are trying to convince people they are doing something. Yesterday’s […]
We have first numbers for the Black Friday shopping season start. The number of people shopping increased to 195 million from last’s year 172 million; they have spent $42. 2 billion vs. $42 billion last year which translates into $343 per shopper vs. $372 last year. Nothing new here, the shift to buy discounted merchandise […]