This article comes courtesy of @_perpe_ (his charts on Twitter in Spanish) and was published here on February 7th, 2013The economy in Spain is going through one of the most difficult moments in its recent history. The terrible crisis that began five years ago is causing very worrying job losses and business closures that will be difficult to recover in the medium term. The austerity measures taken by the government have not had a positive effect on growth so far. At this point, it seems necessary to establish additional structural reforms in order to achieve higher economic dynamism. Continue reading 12 years of the Spanish economy in 12 charts
G-20: Beware of Protectionism and Devaluation
This article was published in El Confidencial on February 2013 and in The Commentator.
“Protectionism Teaches us to do to ourselves in time of peace what enemies seek to do to us in time of war”. Henry George.
The G-20 summit this weekend was fun. Like the famous Shaggy song “It Wasn’t Me”, everyone denied any currency war or protectionism. However, concerns about rising intervention are not irrelevant when economies are shrinking, as data showed in Germany, France or Italy, or in exhaustion, as we saw with industrial production in Brazil or Mexico. Continue reading G-20: Beware of Protectionism and Devaluation
Exports and Deficits. Two Sides of a Difficult Coin
This article was published in El Confidencial on February 2013
“Spain Has Potential to Drag Down The Whole Euro Area” Fitch
“The worst is behind us” Barclays
Last week Francois Hollande, France’s president, said that “the Euro crisis has passed” and just as he spoke, peripheral countries’ bond yields soared. Continue reading Exports and Deficits. Two Sides of a Difficult Coin
Front Row: What history tells us and what could change
Front Row represents the personal opinion of Rodrigo Rodriguez, European Head of developed cash trading for Credit Suisse.
Short week for me as I went back to my home country for a long weekend to do the follow up on little Rods’ helmet and his overall health. It is amazing how much you learn by observing and listening in the doctors waiting room. Continue reading Front Row: What history tells us and what could change