News links for 11 Mar 2014
Sweden has 8.5% unemployment.
Sweden has deflation of 0.2% in last year.
Spanish house prices are down 40% from peak.
“Austria’s central bank governor has warned attempts to wind down regional lender Hypo Alpe-Adria could cost a further €3.6bn this year, potentially pushing the national budget deficit above the key 3 per cent limit.”
“the Russian incursion into Ukraine is widely seen as a direct challenge to the US-led world order. If President Vladimir Putin gets away with it then other governments, such as China and Iran, may decide defying America is getting less risky”
“The burden of propping up Crimea’s anemic budget—which costs Ukraine $1.1 billion a year—would become Russia’s responsibility if it succeeds in annexing the breakaway region, but the figure could end up being significantly higher if Russia tries to raise incomes there to its national average.”
This is from 2005 but relevant to recent merger.
“Investors are being encouraged to load up on risk because they believe forward guidance will warn them well in advance about any rise in interest rates, according to research published by the Basel-based institution known as the central bankers’ bank.”
This is an article from 1996 that shows Japan’s market going up as its currency depreciated. It didn’t last.