Global
Top Economic Reports
September 26, 2013

By Global Economic Team|

ASEAN Economics: Asia Insight: How Is This Leverage: Cycle Different from the Last? This is not 1998: We believe this leverage cycle differs from the last in a few way 1) This is a smaller leverage cycle.  2) The 1990s leverage cycle stemmed mainly from corporate borrowings and investment excesses - but the drivers this time are more disparate. Deyi Tan  

US Economics: Fed Focus: After the Fall: There were two parts to the Summers boomlet and its stunning collapse. First, recognize that the longer the President delays the easy choice (Yellen), the more clearly he shows his reluctance to do so. Second, in our view, the White House had to make Summers look like a slam-dunk, as any doubt would likely have derailed a problematic prospect.  Vincent Reinhart  

India Economics: Was the RBI's Rate Hike Decision a Wrong Move? We find the arguments against the move flawed: We have heard a number of investors and top managements in the corporate sector arguing that the RBI has made an inappropriate move by lifting interest rates in response to currency instability. We think lifting short-term real rates was the most appropriate response to recent external developments. Chetan Ahya  

US Economics: Capex Plans Point to More Investment Ahead: · Stronger incoming data suggest the spring soft patch in factory activity has passed. · Optimism around the pace of future activity has grown among managers and CEOs at US factories. · A leading composite index of equipment spending suggests capex will pick up over the next several months. Vincent Reinhart