Janar Wasito

The global economy How to stop a currency war

Mr. Mantega of Brazil in late September referred to “currency wars.” “IN RECENT weeks the world economy has been on a war footing, at least rhetorically. Ever since Brazil’s finance minister, Guido Mantega, declared on September 27th that an “international currency war” had broken out, the global economic debate has been recast in battlefield terms,Continue reading “The global economy How to stop a currency war”

More Quantitative Easing 2 Impact

This from The Economist’s Buttonwood, economics column, dated 1 January, 2011; the excellent column makes the bearish case for 2011, the good mood ending 2010 notwithstanding. “It seems certain that the Federal Reserve will continue to accompany fiscal stimulus with the monetary equivalent in the form of near-zero interest rates and further quantitative easing. TheContinue reading “More Quantitative Easing 2 Impact”

BRIEFING: Brazil’s presidential election Lula’s legacy

In reviewing Lula’s tenure as President, The Economist gives a nice summary of the advancement and status of Brazil over the past several years. “Instead, Brazilians are revelling in a golden moment. A country that used to fall over whenever the world economy wobbled was one of the last to go into recession in 2008Continue reading “BRIEFING: Brazil’s presidential election Lula’s legacy”

Continued Multi Speed Recovery in 2011

The World in 2011 by The Economist projects a continued multispeed recovery with emerging markets growing output faster than the Rich World. “Nowadays, it is usually sunnier in the emerging world, and so it will again prove in 2011. Yet there, too, much of the growth in 2010 came from the pocket-books of national governments.Continue reading “Continued Multi Speed Recovery in 2011”

Brazil’s presidential election The handover

The Economist’s coverage of the Brazilian Presidential election highlights concerns about Lula’s socialist past – concerns which were overcome, and which hopefully will be again with the new President. “THINK back eight years, when the prospect of Luiz Inácio Lula da Silva, leader of the left-wing Workers’ Party becoming president of Brazil, the world’s fourthContinue reading “Brazil’s presidential election The handover”