Articles
March 21, 2012
By Bill Witherell, Cumberland Advisors Chief Global Economist The title of this commentary may come as a surprise. Over the past year and a half, the sovereign debt crisis in the Eurozone has dominated European issues in the financial press. There has been little mention of the Central and Eastern Europe members of the [...]
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March 9, 2012
by Bill Witherell, Chief Global Economist, Cumberland Advisors One year ago the Japanese economy was dealt a devastating blow by a major earthquake and the resulting tsunami and nuclear crisis. In 2011 Japanese economic growth, as measured by real (constant-price) GDP, is estimated to have declined by almost 1%. There are indications the economy is [...]
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February 29, 2012
This commentary was written by Bill Witherell, Cumberland’s Chief Global Economist. He joined Cumberland after years of experience at he OECD in Paris. his bio is found on Cumberland’s homepage, www.cumber.com. He can be reached at Bill.Witherell@cumber.com. Last year’s series of disturbing shocks to the global economy and the willingness of global investors to take [...]
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February 29, 2012
by Michael Drury, Chief Economist, McVean Trading & Investments, LLC Taylor Somerville, CFA, Senior Economist, McVean Trading & Investments, LLC Vadim Sinitsyn, Associate Economist, McVean Trading & Investments, LLC Historically, economists have found that when a country’s per capita GDP exceeds $3,000 good things happen. Wealthier households begin to invest in durable goods, like automobiles [...]
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February 9, 2012
By Jennifer Ablan and Matthew Goldstein, Reuters
Paul McCulley says working at bond giant PIMCO was like being in Camelot. [...]
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