Robert M. Cutler

Archives for IMF

In Brussels Fiddles While Athens Strikes seven weeks ago, the Neronic allusion was intended half in irony, half as warning: This week Athens burned; and it is not yet even summer, the season known in southern Europe for wildfires.

Posted by Robert Cutler

Bubbles mount in China

Concern continues to mount over a property bubble in China in the near term. Whereas earlier this year economic observers were suggesting that a bubble might burst in one to three years, the overdrive of the Chinese economic recovery has led BNP Paribas, for example, to warn of a 20% fall in real estate prices in the second half of the year. Bloomberg News this week quotes the head of Citigroup’s global head of real estate Thomas Flexner as calling the bubble in the Chinese housing market “very real”.

Posted by Robert Cutler

The EU is taking its time in deciding what real policy actions to implement regarding the crisis over Greek finances and the eurozone, but publics in Greece and elsewhere are not waiting to express their disenchantment with national and supranational elites.

Posted by Robert Cutler